The Village of Streamwood does not offer any specific first-time homebuyer programming. We do encourage interested homeowners to seek assistance from the Illinois Housing Development Authority (IHDA). IHDA has a wide variety of programming for first-time homebuyers, existing homeowners looking to refinance, and veterans looking for mortgage assistance.
Welcome Home Illinois - This program offers $7,500 cash assistance to cover down payments on 30-year fixed-rate mortgages for first-time homebuyers.
- This program provides up to $6,000 cash assistance to cover down payments on 30-year fixed-rate mortgages for first-time homebuyers.
SmartMove Plus Program
- This program provides assistance to buyers who currently own a home and want to refinance or purchase a new home. Property must be your primary residence.
Welcome Home Heroes Program
- This program helps any veteran who has honorably served in our armed forces. Up to $10,000 cash assistance is available to help with downpayments. Veterans are eligibile whether new homebuyers or existing homeowners. Active military personnel, reservists, and Illinois National Guard members must be first time homebuyers.
There are other income and lending requirements for participation. For participating lenders and detailed information, visit their website at www.ihda.org
. For specific questions, you can contact Scott Bush, Account Manager, at (312) 898-3317 or by email at email@example.com