Illinois FHA, VA and USDA Rural Housing

Illinois No Money Down Mortgage

Utilize Illinois government sponsored loan programs to purchase or refinance your current mortgage.

Illinois no money down home loans enable those who have not been able to save for a down payment to realize the dream of home ownership. We offer three mortgage programs still available with little or no money down for Illinois residents:

Illinois FHA Loans:

FHA loans are federally insured loans that allow buyers who have little or no credit history, coupled with limited funds available for down payment, to obtain a mortgage with a great interest rate and low monthly payments. FHA home loans are available for Illinois first time buyers and for borrowers who are not first time home buyers. Illinois FHA Loans are assumable and streamline refinancing to lower the interest rate is available.

Illinois VA Loans:

Illinois VA loans continue to be eligible for no down payment requirment, of course only those few borrowers with a VA Certificate of Eligibility are able to qualify for this loan. In addition to no down payment, VA home loans have the added benefit of not requiring PMI or private mortgage insurance. VA mortgage loans are guaranteed by The Department of Veterans Affairs, but are made by private lenders to eligible veterans for the purchase of a home. VA loans offer no money down options.

Illinois Rural Housing Loans:

Illinois Rural home loans are optimal for first-time buyers in approved Rural Housing Service areas. USDA rural housing loan programs allow qualified home buyers to get loans with minimal closing costs and no down payment. The purpose of this loan program is to enable eligible low and moderate income (up to 115 percent of the Area Median Family Income) rural residents to acquire modestly priced housing for their own use as a primary residence. The Guarantee Rural Housing Loans also have flexible credit standards, expanded qualifying ratios, no maximum purchase price limits and generous income limits.

These programs are not restricted to first time home buyers

Also, homeowners struggling with high interest rates can take advantage of government programs in place to help refinance out of high risk / high interest loans.

An Illinois no money down mortgage loan is an excellent choice for a home buyer, who may not have enough money for the standard conventional down payment requirement.

Visit our Illinois no money down mortgage page for additional Illinois no down payment mortgage program requirements.

Visit our Illinois First Time Home Buyer page to view all mortgage programs available for the first time homeowner.

To see if you qualify, contact us below or apply online!

Important Disclosure

VA loans are only available to eligible veterans and/or their spouses. is not acting on behalf of or at the discretion of the Department of Veteran Affairs or the Federal Government.

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Filed under: FHA Loans, First Time Home Buyers, No Money Down Loans, USDA Rural Housing, VA Loans

Luke Skar

Luke Skar is the web developer and content strategist for, serving 47 states including Wisconsin, Illinois, Minnesota, and Florida. Guided by his 19-plus years of various mortgage marketing experience, Luke provides top-quality SEO services, effective social media management, and web development and maintenance. Luke’s career in the mortgage industry began back in 2001, as a loan processor. After becoming a loan officer for a number of years, Luke is now the sole owner/operator of To ensure that all the information he posts is fresh, accurate, and up-to-date, Luke relies on the knowledge which his years of dedication to keeping up with the constant change that the mortgage industry provides.


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