Since the beginning of 2012, financing has primarily been conventional for both the suburbs and the Chicago neighborhoods, at 42 percent and 45 percent, respectively. There is a substantial difference (8 percent) between the percent of government programs that finance each, with 20 percent of government programs for suburban listings and 12 percent financing Chicago neighborhood listings.
As for which neighborhoods and suburbs have the most of which types of loans percentage-wise, those numbers are in bold below. Interestingly enough, there are a few areas in which cash or government programs are the majority of a region’s financing. Note: the government programs category includes FHA, FHA 203k and VA financing, and LeapRE pulled data from areas that have had at least 600 closings.
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