The Cook County Down Payment Assistance Program is anticipated to relaunch in May 2025. The program was launched back in June 2024 to help homebuyers looking to purchase within Cook County, IL with down payments, closing costs or interest rate buydowns, providing subsidies of 5 percent of the loan amount, up to $25,000. The assistance is provided as a forgivable second loan with a 5-year term.
Hoosier Homes, sponsored by the Fort Wayne Housing Authority, is the ultimate homebuyer assistance program that offers both down payment assistance as well as affordable mortgage loan products. The assistance is provided as a forgivable second loan with a 7-year term and is designed to support a wide range of individuals and families seeking to buy a home in approved areas of Indiana.
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