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IHDA SmartBuy

Administered by: Illinois Housing Development Authority · State · Forgivable Loan

Funding status: Closed

How much assistance

,000 DPA plus up to ,000 toward student loan payoff (Forgivable Loan)

DPA forgivable; student loan repayment paid directly at closing to loan servicer.

Eligibility

  • Income limits: IHDA income limits apply.
  • First-time buyer required: Yes — Has not owned a primary residence in the past 3 years.
  • Credit score minimum: 640
  • Geographic restrictions: Must purchase within Illinois.
  • Homebuyer education required: Yes

How to Apply for IHDA SmartBuy

Step 1: Program is currently closed for new reservations. Check IHDA website for funding availability updates.

Notes

SmartBuy closed for new locks. May be restored when new funding is allocated.

Available Statewide In