Buying A Vacant Or Foreclosed Home

vacant-foreclosed

If you are interested in buying a vacant or foreclosed home, there may be acquisition and rehabilitation assistance available to you. Through a network of participating agencies, IHDA offers up to $5,000 in down payment or closing cost assistance and up to $20,000 in rehabilitation assistance to buyers of vacant properties in select counties throughout Illinois. Let us help you purchase and renovate your new home.

Requirements:

  • Property must be a vacant, single family home in one of the select counties listed here
  • Contribute $1,000 or 1 percent of the purchase price, whichever is greater
  • Meet the income and purchase price limits
  • Live in the home as your primary residence
This program is currently not receiving funding. Please check back at a future date for more information.

 

Need help finding a foreclosed property to buy? IHDA maintains an inventory of foreclosed properties throughout the state that are available for purchase .  Please reach out to the listing agent for more assistance.