PROGRAM NOTICE
The SmartBuy Program is now closed as of 02/24/2025. Homebuyers can find our active programs posted in the Homebuyer Center. Funding for locked SmartBuy files will remain reserved, if you are currently working with a lender to use the SmartBuy program, check with your loan officer to confirm file status.
One program, two types of assistance.
SmartBuy is helping eligible homebuyers pay off up to $40,000 in student loans plus $5,000 in assistance towards down payment and closing costs while buying a home!
How SmartBuy Works
Apply With a SmartBuy Lender
Frequently Asked Questions
Request Information
How SmartBuy Works
Watch a quick summary of how the program works and major requirements.
Please note, the SmartBuy Program is closed as of 02/24/25. This video remains for historical reference only.
Approved Lenders
Ready to get started?
All applications are handled by approved SmartBuy Lenders.
You can call or apply online with any lender in this directory.
Search for a lender or choose a category to find a lender to apply with.
Within the "All" category, lenders are listed in order of total production across the State of Illinois for the prior calendar year. Within the region categories, Lenders are listed in order of total IHDA production within the region in which they closed the majority of their loans for the prior calendar year. Newly onboarded lenders and lenders that have not submitted loans in the prior calendar year are listed chronologically by onboarding date under the "All" category at the end of the list. IHDA Lenders who wish to offer SmartBuy must complete this form and have their staff who will be working on the files attend at least (1) SmartBuy training.
SmartBuy FAQ
Browse and search for some of the most frequent SmartBuy questions we get asked.
Please note, the SmartBuy Program is closed as of 02/24/25. This FAQ remains for historical reference only.
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Subject to lender approval and eligibility requirements as detailed on www.IHDAmortgage.org. In connection with the IHDA Down Payment Assistance Programs, IHDA makes no promises, representations, or warranties to any party, including any borrower, about the actual benefit an IHDA loan might provide in specific situations. Each borrower’s situation is different, and potential borrowers should seek the advice of a financial advisor, attorney, or housing counselor before entering into any loan.