Academy Mortgage is approved to do loans with the Illinois Housing Development Authority (IHDA) to introduce several new down payment assistance programs to help first-time homebuyers and veterans.

Many of these programs also offer below-market interest rates to help make monthly mortgage payments even more affordable. 

Whether you are a first-time homebuyer or a repeat buyer, Academy Mortgage Corporation and the Illinois Housing Development Authority may have the product for you. IHDA’s Grant programs have a variety of options and grant amounts to help customize a product that fits your needs.

FIRST-TIME BUYER AND REPEAT BUYER PROGRAMS

 

The 1st Home Illinois program helps approved borrowers get $7500 in down payment assistance in connection with a safe, fixed-rate mortgage.  That means your interest rate will never change.  1st Home Illinois program is tailored for first-time homebuyers, Veterans, or anyone who hasn’t owned a home in the last three years. This program requires buyers to purchase in one of 10 approved Illinois counties.
 
The @Home Illinois program helps both first-time buyers and repeat borrowers get $5000 in down payment assistance in connection with a safe, fixed-rate mortgage.  That means your interest rate will never change. @Home Illinois allows previous homeowners to utilize the program as long as they sell their current home before purchasing.  This program is good for all counties in Illinois.
Pre-Qualify Now

Let's take the first step together.

Requirements:

  • Contribute $1,000 or 1 percent of the purchase price, whichever is greater.
  • Meet the income and purchase price limits.
  • Meet the credit requirements.
  • Live in the home as your primary residence.
  • Complete homeownership counseling (online and in-person options available).
  • FHA, VA, USDA and Conventional loan options available.

Have additional questions? Email erich.stonewall@academymortgage.com

Submit

Erich Stonewall

Branch Manager, Producing | NMLS# 207386

Direct: (815) 312-5825

Mobile: (815) 252-2939

Email: erich.stonewall@academymortgage.com

 

420 Financial Court, Suite #110

Rockford, IL 61107

 


REQUEST DOWN PAYMENT

ASSISTANCE INFORMATION

Illinois Down Payment Assistance Programs

Congratulations on the decision to buy your first home
With interest rates still low and rents at an all-time high, there’s no better time to buy a home than now.
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