Illinois

Down payment assistance for Illinois

One program listed below can help with the cost of buying a home in Illinois, and it can sit inside a riba-free structure.

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IHDA Mortgage

IHDA Mortgage offers a suite of programs specifically designed to make your homebuying process easier by covering a portion of your down payment and closing costs. Each program has unique perks and requirements that will match your situation.

Learn more about the program here

Requirements

FICO minimum score of 640

Maximum DTI of 50%

Income limits based on county

For primary residence only

Must complete Homebuyer Education Course

Minimum contribution of $1,000 or 1% of the purchase price

Products under the IHDA Mortgage Program

Access Home

For first-time homebuyers only
Get 6% of the purchase price, up to $15,000
30-year deferred mortgage with 0% interest

IHDAccess Forgivable

Not limited to first-time homebuyers
Get 4% of the purchase price, up to $10,000
10-year forgivable mortgage

IHDAccess Deferred

Not limited to first-time homebuyers
Get 5% of the purchase price, up to $7,500
30-year deferred mortgage with 0% interest

IHDAccess Repayment

Not limited to first-time homebuyers
Get 10% of the purchase price, up to $10,000
10-year repayable mortgage with 0% interest

Preferred professional

Your preferred professional in Illinois

Realtors who know the Ijara™ structure, working with buyers in Illinois.

Find a realtor

Available programs

Features of Sharia-compliant programs

Through partnerships with investors, ijaraCDC offers a diverse list of programs that will fit the needs of any Muslim home buyer.

No Credit Program

Get a home even without established credit history.

Low Credit Program

Low credit score? No problem!

VA Program

Take advantage of VA housing offers for veterans.

Down Payment Assistance

Get up to 3.5% grant for your down payment.

USDA 100% Financing

100% financing for homes in USDA-designated areas.

Physician Program

Helping residents reside in their forever homes the sharia way.

Frequently asked questions

Illinois down payment questions

Our team answers by phone or email during business hours, and confirms what is available where you are buying.

Is down payment assistance available in Illinois?

Yes. The program listed above can help with the cost of buying in Illinois, and ijara CDC can pair it with a riba-free structure.

Can DPA be used with Sharia-compliant financing?

Yes. The assistance covers your contribution to the co-ownership, and the agreement itself stays free of riba.

How much can I receive?

It depends on the program and your household income. Contact us for the current position where you are buying.

How long does pre-qualification take?

About ten minutes, and it does not affect your credit.

What can I finance in Illinois?

Residential and commercial property, plus residential and auto conversions from an existing riba-bearing loan.