Homebuyer Assistance Program

Achieve Your Dreams of Homeownership!

IHDA Program Highlights:

1• $7,500 cash assistance for down payment & closing costs

2• 30-year, fixed rate mortgage with a competitive interest

3• FHA, Conventional, VA & USDA

4• Available in Boone, Cook, DeKalb, Fulton, Kane, Marion, McHenry, St. Clair, Will & Winnebago counties

5• Eligibility: First-time homebuyers or anyone who has not owned a home in the last three years (veterans are exempt)

FHA Highlights:

1• Low down payment options

2• Fixed- and adjustable-rate loans

3• Lower credit scores may be approved if there are compensating factors

4• Loans for 1-4 unit properties and condos may be available

5• Down payment funds can be a gift from a relative or employer