Down Payment Assistance Programs

IHDA

Illinois Housing Development Authority (IHDA)

1st HOMEILLINOIS - This program is available to people buying a home in Boone, Cook, DeKalb, Fulton, Kane, Marlon, McHenry, St. Clair, Will or Winnebago counties.  It offers up to a $7,500 grant in down payment assistance for buyers wanting a 30-year fixed rate mortgage.

@HOMEILLINOIS - As a first-time homebuyer, this program can get buyers who qualify into their first home for as little as $1,000 out of pocket.

For more information:  https://www.ihda.org/my-home/buying-a-house/getting-an-ihda-loan/

Federal Home Loan Bank

Downpayment PlusĀ® and Downpayment Plus AdvantageĀ®

Offers Federal Home Loan Bank (FHLB) Chicago members easy-to-access down payment and closing cost assistance programs for income-eligible homebuyers.  This is a matching funds structure, whereby the maximum grant amount is the lesser of $6,000 or 3x the homebuyer's net contribution.  Household income and other restrictions apply.

Click the link below for more information:  

Federal Home Loan Bank Chicago

WHEDA

Wisconsin Housing and Economic Development Authority (WHEDA)

The WHEDA Advantage is a versatile 30 year fixed-interest rate mortgage loan that features low monthly payments, low down payment and offers closing cost assistance.

Click on the link below for more information: 

https://www.wheda.com/Home-Buyers/Available-Programs/

We welcome the opportunity to serve you.  Please access our Team Directory to contact one of our hometown Mortgage Consultants today for more information on one of these programs.