Buyer Resources
Illinois offers programs that could save you thousands on your home purchase. Most buyers don't know they exist. Here's everything you need to know.
This could save you thousands. Most buyers don't know this: you have a 14-day window where you can apply with as many lenders as you want, and all the credit inquiries count as just one hard pull on your credit report.
I recommend getting pre-approved with 2–3 different lenders so you can compare purchasing power, interest rates, and available programs. Even a 0.25% difference in interest rate can save you tens of thousands over the life of your loan. Don't leave money on the table by only talking to one lender.
Illinois has several programs specifically designed to help buyers with down payment and closing costs. Eligibility varies, but many buyers qualify for more than they expect.
Up to $6,000 in down payment and closing cost assistance as a forgivable loan. Stay in the home for the required period and you never pay it back. Available for first-time and repeat buyers in targeted areas. Pairs with FHA, VA, USDA, or conventional loans.
Up to $7,500 in assistance as a deferred loan at 0% interest. No monthly payments — it's only due when you sell, refinance, or pay off your first mortgage. Free money that sits quietly until you move.
Up to $10,000 in assistance as a 10-year repayable loan at a low fixed rate. Monthly payments are small and the program lets you get into a home with significantly less cash out of pocket.
Designed for buyers with student loan debt. Offers up to $40,000 in student loan payoff assistance when you purchase through the program. If student loans are the barrier between you and homeownership, this could be the answer.
A competitive 30-year fixed-rate mortgage with $7,500 in down payment assistance for first-time buyers in eligible areas. Assistance comes as a forgivable loan — stay for the required period and you owe nothing back.
The right loan type can save you thousands upfront and over the life of your mortgage. Understanding your options is critical before you sit down with a lender.
3.5% down with a 580+ credit score. More flexible on credit history and debt-to-income ratios. Mortgage insurance required, but opens the door for buyers who don't qualify for conventional.
For veterans, active military, and eligible spouses. Zero down, no PMI, competitive rates. If you qualify, this is consistently the best deal in mortgage lending.
Zero down for rural and some suburban areas. Income limits apply. Several outer Chicagoland communities qualify — worth checking even if you don't expect it.
The standard mortgage. 3–20% down, 620+ credit score. PMI drops automatically at 20% equity — unlike FHA, which requires a refinance to remove it.
I work with trusted lenders who specialize in these programs and know how to stack them for maximum benefit. When we sit down, I'll help you understand which programs you qualify for, connect you with the right lenders, and make sure you're not leaving money on the table.
This is part of what I do — there's no extra cost to you, and most buyers are surprised by how much assistance they qualify for before we even start looking at homes.