IHDA programs
The Illinois Housing Development Authority offers assistance programs typically delivered through participating lenders. Eligibility often depends on income, purchase price and, for some programs, first-time buyer status. Amounts and rules change, so check ihda.org for current details.
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Federal and conventional options
- FHA loans with down payments as low as 3.5%.
- Conventional loans with as little as 3% down for qualified buyers.
- VA loans for eligible veterans and service members.
Next steps
Talk with an IHDA-approved lender, then read the first-time home buyer guide and buyer's guide.
Sources
Explore more in the buying guide.
