SPRINGFIELD (WGEM) – SmartBuy is back.
The popular program returns as part of an initiative from Illinois Gov. JB Pritzker (D) to expand access to affordable housing across the state.
“The program provides affordable fixed-rate mortgages, closing cost assistance and up to $40,000 per household in student loan relief to borrowers who buy a home here in Illinois,” Pritzker said at a press conference announcing the initiative Dec. 11.
He said when SmartBuy first launched in 2020, 631 individuals and families bought new homes using SmartBuy. The state helped people pay down more than $17 million in student debt.
People who use the program will also receive $5,000 in deferred down payment and/or closing cost assistance.
“It’s a very safe…
