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Home Ownership Programs
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IHDA helps low- and moderate-income families become first-time homeowners. We fulfill this important mission through a number of initiatives and programs.
- IHDA finances mortgages (through our partner banks) that are below the market rate, making it easier for low- and moderate-income families to qualify and afford a home
- IHDA finances mortgages to households that may have difficultly qualifying for other conventional mortgage products
- IHDA provides cash grants to help with down payments and closing costs
- IHDA finances local homebuyer programs throughout the state that are run by local non-profit organizations and municipalities
- IHDA finances home repair programs with grants for low-income homeowners who need to bring their homes up to code
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