Make homeownership possible with Down Payment Assistance

Check Down Payment Assistance Programs in Illinois

Complete the short questionnaire above to determine which down payment assistance program is the best fit for your situation. A loan professional at Diamond Residential Mortgage Corporation will review the information you submit and guide you to the best loan solution.

Top Down Payment Assistance Programs in Illinois

After you select the best option for you, fill out our questionnaire, and let our loan professionals guide you through the process from start to finish.

IHDA Opening Doors, or Abriendo Puertas, is designed to provide a safe and affordable lending program that allows families across Illinois the opportunity to break the cycle of renting and achieve a path to homeownership. Opening Doors will provide:

  • a safe, affordable 30-year 1st mortgage with a fixed interest rate and

  • a 0% interest 2nd mortgage for $6,000 in down payment and/or closing cost assistance. This 2nd loan is forgiven after five years.

Start Questionnaire
  • 4% of the purchase price up to $6,000 in assistance for down payment & closing costs, forgiven monthly over 10 years – it’s a loan that does not have to be repaid.
  • 30-year, fixed rate mortgage with an affordable interest rate
  • Available for all mortgage types, including FHA, VA, USDA and FNMA HFA Preferred
  • Available to first-time and repeat homebuyers statewide
Eligibility:
  • Household income and purchase price limits apply
  • Minimum credit score of 640 is required
  • Both new construction and existing homes are eligible
Start Questionnaire
  • 10% of the purchase price up to $10,000 in assistance for down payment & closing costs offered as an interest-free loan – repaid monthly over a 10 year period
  • 30-year, fixed rate mortgage with an affordable interest rate
  • Available for all mortgage types, including FHA, VA, USDA and FNMA HFA Preferred
  • Available to first-time and repeat homebuyers statewide
Eligibility:
  • Household income and purchase price limits apply
  • Minimum credit score of 640 is required
  • Both new construction and existing homes are eligible
Start Questionnaire
  • 5% of the purchase price up to $7,500 in assistance for down payment & closing costs offered as an interest-free loan, deferred for the life of your mortgage – you don’t need to repay until you sell your house, refinance, or pay off your mortgage
  • 30-year, fixed rate mortgage with an affordable interest rate
  • Available for all mortgage types, including FHA, VA, USDA and FNMA HFA Preferred
  • Available to first-time and repeat homebuyers statewide
Eligibility:
  • Household income and purchase price limits apply
  • Minimum credit score of 640 is required
  • Both new construction and existing homes are eligible
Start Questionnaire

In addition to the statewide programs listed above, we may have additional city and county programs available. Please complete the form above so a loan professional can help guide you to the best available option.