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Getting an ihda loan

Getting an ihda loan

Buying a home can be an exciting and intimidating process. With an IHDA loan, we strive to make the process as streamlined as possible so you can achieve your goal of homeownership. In the video below, you will see how easy the IHDA loan process can be and how we helped a family achieve the dream of homeownership by purchasing their first home. Let our network of qualified lenders guide you through the quick and easy process.

Locate a lender near you by visiting the page in this section of our website or call 1-877-456-2656 to speak with the Homeownership Department. apply. Per our earlier announcement, the Welcome Home Illinois program is now closed. IHDA's remaining catalog of homeownership programs will continue to be available, offering down payment assistance, lower credit score requirements, competitive interest rates and significant tax savings for first-time and repeat buyers throughout Illinois.

If you have any questions, please call us at (877) 456-2656. SmartMove - IHDAвs flagship mortgage program, SmartMove, offers first-time homebuyers an affordable 30-year fixed-rate mortgage and up to ,000 for down payment. SmartMove is the perfect solution for borrowers who have limited funds for down payment, yet have the financial means to maintain monthly mortgage payments. в Up to ,000 cash assistance to cover down payment в Variety of loan options to choose from, including FHA, Conventional, VA, and USDA в Contribute one percent ordescription,000 of the purchase price, whichever is greater в Federal tax credit that reduces income tax liability by up to ,000 over the loan life* в Variety of loan options to choose from, including FHA, Conventional, VA, and USDA * based on a 30-year, 8,000 loan with a 4 percent interest rate в If purchasing, contribute one percent ordescription,000 of the purchase price, whichever is greater SmartMove Plus - SmartMove Plus is for buyers who currently own a home and want to refinance or buy a new home.

в Variety of loan options to choose from, including FHA, Conventional, VA, and USDA в If purchasing, contribute one percent ordescription,000 of the purchase price, whichever is greater SmartMove Trio - в Up to ,000 cash assistance to cover down payment в Federal tax credit that reduces income tax liability by up to ,000 over the loan life* в Variety of loan options to choose from, including FHA, Conventional, VA, and USDA * based on a 30-year, 8,000 loan with a 4 percent interest rate в Contribute one percent ordescription,000 of the purchase price, whichever is greater Illinois Building Blocks - We will be closing the Illinois Building Blocks program on Wednesday, December 31 at midnight. ВIHDA's remaining catalog of homeownership programs will continue to be available, offering down payment assistance, lower credit score requirements, competitive interest rates and significant tax savings for first-time and repeat buyers throughout Illinois. If you have any questions, please call us at (877) 456-2656. IHDA helps strengthen communities with programs that turn vacant homes into valuable homeownership opportunities.

в ,000 cash assistance to cover down payment в Variety of loan options to choose from, including FHA, Conventional, and в Rehabilitated homes in five Building Blocks Communities are now available for purchase. Up to 75 homes will be available through the end of 2014, so check back often and call the brokers listed below for updated listings. в Homes are professionally renovated and move-in-ready. Improvements vary in each house but may include HVAC, electrical, roof, updates to bathrooms and kitchen, flooring, painting and/or windows.

в These homes are eligible for the Building Blocks Loan which includes ,000 in cash assistance for down payment and a competitive 30-year fixed rate mortgage. Visit the Find a Lender page to locate a participating lender. в For properties in Berwyn and Maywood, contact Sonia Figueroa from Century 21 Affiliated at 773-308-5505. For properties in Chicago Heights, Park Forest and South Holland, contact Lisa Thompson from Century 21 SGR at 312-326-2121.

в First-time homebuyers, non-first-time homebuyers and qualified Veterans are eligible в Contribute one percent ordescription,000 of the purchase price, whichever is greater Welcome Home Heroes - The Illinois Welcome Home Heroes program provides critical financial support to men and women who have honorably served in our armed forces. в ,000 cash assistance to cover down payment в Federal tax credit that reduces the federal income tax liability by up to ,000 over the loan life* в Variety of loan options to choose from, including FHA, Conventional, VA, and USDA * based on a 30-year, 8,000 loan with a 4 percent interest rate в Active military personnel, reservists and Illinois National Guard members (must be first-time homebuyers) в Contribute one percent ordescription,000 of the purchase price, whichever is greater