Welcome Home Loan Program

GRAYSLAKE,Ill. (CBS) – A disabled veteran from Grayslake is trying to take advantage of a state loan program for veterans to buy a home – but he says he’s getting the run-around.

Gordon Kouba,43,is a veteran of Operation Desert Storm. He spent four years in the Marines,and was disabled.

Now he wants to buy a home under a special state government loan program for veterans,but there have been delays,and unanswered phone calls.

LISTEN: WBBM Newsradio’s Steve Miller reports

Kouba says,at first,he was blaming the Illinois Housing Development Authority,because he says that’s where his bank – Chase – was pointing the finger of blame.

But he says Chase is the one that dropped the ball.

“Two months I went through all their paperwork nightmare,just to find out they don’t even do it; and then what really bothers me the most is that they weren’t honest with me, ” Kouba said. “I don’t know why they would say the whole problem is the state of Illinois when the problem was,they don’t even offer this loan in the first place.”

Kouba says Chase kept stringing him along,saying they’d help him with the loan program called Welcome Home Heroes.


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Waverly, a study in neighborhood conservation. Washington
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Welcome News for $730 K Mortgages

2009-03-13 20:25:30 by DustyRhodes

According to the latest guidelines issued for the Making Home Affordable program of the Homeowners Protection Plan, a homeowner who is behind on their mortgage, may get help to avoid foreclosure by applying for a Home Loan Modification.
This will give the homeowner a fixed interest rate loan (for 5 years) with a payment of no more than 31% of pre-tax income, on a home with an unpaid balance of up to $729,750.
That last number is WOW!
So, all you people that have a variable interest loan that is going to reset within the year, never fear - the FedGov is forcing your loan servicer to lower your payment so you can keep your million dollar home (if you have one


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