Cook County Board President George W. Dunne said yesterday that$16 million is available for mortgage loans through the county'ssingle-family mortgage-purchase program.
The mortgage loans have a term of 30 years at an annual interestrate of 9.99 percent, with a minumum 5 percent down payment. Thehomes purchased must be in one of the 104 participating Cook Countysuburbs.
The loans will be made available mainly to buyers who have notowned or partly owned a home in the last three years, and haveacceptable credit and income.
The loans …
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