Program Helps Homebuyers with Down Payment

Some Illinois homebuyers may be eligible for a financial assistance initiative to cover down payments and closing costs through a new state-run program, called SmartMove Trio.

The initiative offers eligible first-time homebuyers a 30-year fixed rate mortgage and up to $6,000 in cash for down payment and closing costs. The Illinois Housing Development Authority is managing the initiative and interested buyers can apply for the SmartMove program.