Stacking Multiple Grants & Assistance Programs – Maximizing Your Savings

Did you know you can combine different grants and down payment assistance programs to maximize your savings? Many buyers don’t realize that they can use multiple resources to cover a larger portion of their home purchase costs.

🔹 Pair Local & State Assistance – If you qualify for an IHDA program in Illinois, you may also be eligible for county or city-specific grants.

🔹 Combine Employer or Union Benefits – Some workplaces and unions offer homebuyer assistance grants that can be added to state aid.

🔹 Use a Matched Savings Program – Some banks match a buyer’s savings, increasing the down payment amount.

🔹 Take Advantage of Special Loan Programs – FHA, VA, and USDA loans allow low or no down payment, which can further reduce costs.

🔹 A buyer in Northwest Indiana could use the IHCDA Next Home Program (6% down payment assistance) alongside a local first-time buyer grant, reducing the amount needed at closing.

The key to using multiple assistance programs is working with an experienced lender who understands how to structure financing to maximize savings. With the right strategy, you could pay little to no money upfront for your new home!

📞 Thinking about buying a home? Contact our team to connect with trusted lenders who can help you find the best down payment assistance options!