Borrowers looking to buy a home and build generational wealth may want to consider the Illinois Housing Development Authority’s (IHDA) SmartBuy program. It will provide a safe, affordable 30-year fixed rate first mortgage with a deferred $5,000 towards a down payment and/or closing costs. Additionally, the program will provide 15% of the purchase price (up to $40,000) in assistance for student loan debt relief. Read the recent Chicago Tribune and Will Public Media coverage. The program continues until funding is exhausted. Learn more.