The State of Illinois Cares, and So Do We!

Illinois residents, you deserve affordable housing, and the state of Illinois agrees! That’s why we proudly offer IHDA loans and Guaranteed Rate. The Illinois Housing Development Authority, or IHDA, allows us to provide up to $12,500 in down-payment assistance and a competitive interest rate for a secure, 30-year fixed-rate mortgage. If you need a grant for repairs or home improvements, or even foreclosure prevention assistance to save your home, the Delgado team is the one to call.

A few things you should know about IHDA loans

Before you apply or qualify for an IHDA loan, there are a few things that you should be aware of.

  • You must have a credit score of 640 or greater
  • The residence must be the primary residence, not a second home, vacation or rental property, or real estate investment
  • Use in conjunction with FHA, VA, USDA and FNMA HFA Preferred mortgage loans
  • There are three different types of IHDA loans — forgivable, deferred, and repayable. Learn more online.

Your long-term real estate and homeownership goals matter to us, which is why the brokers on our team take the time to get to know each one of our clients and their unique needs and circumstances. We take the time to understand their vision for the future and plans to get there. Whatever lies ahead, we want to make sure that a home can be a part of it. At Guaranteed Rate, you’re more than just a number to us. We promise to do everything in our power to match you with the right loan and set you up for success.

Danny Delgado and the rest of our team make acquiring a mortgage loan as easy and straightforward as possible. We approach every situation with care, regardless of the loan type and request. That’s the Delgado difference. Get in touch with our team today to schedule your consultation.