Loan Programs
Find the Right Program for You
From first-time buyer loans to investor financing — we connect you with the program that fits your situation, budget, and goals.
Loan Types
Home Loan Programs
We work with a wide range of loan programs to help every buyer qualify — regardless of down payment, credit history, or income type.
FHA Loan
Low Down PaymentBacked by the Federal Housing Administration, FHA loans allow down payments as low as 3.5% and are ideal for buyers with limited savings or building credit.
- 3.5% minimum down payment
- Flexible credit requirements
- Competitive interest rates
- Great for first-time buyers
Conventional Loan
Most PopularConventional loans offer flexible terms and competitive rates for buyers with solid credit. No upfront mortgage insurance premium and PMI can be removed once you reach 20% equity.
- Down payments from 3%
- No upfront MIP
- PMI removable at 20% equity
- Wide range of property types
VA Loan
Veterans & MilitaryExclusively for eligible veterans, active-duty service members, and surviving spouses. VA loans offer zero down payment and no private mortgage insurance.
- 0% down payment
- No private mortgage insurance
- Competitive rates
- No prepayment penalty
USDA Loan
Rural & SuburbanUSDA loans are designed for buyers in eligible rural and suburban areas. They offer 100% financing with no down payment required for qualifying properties.
- 0% down payment
- Low mortgage insurance
- Eligible suburban areas
- Income limits apply
Down Payment Help
Assistance Programs
You may not need as much cash as you think. These programs help cover down payment and closing costs so you can get into a home sooner.
IHDA Programs
The Illinois Housing Development Authority offers multiple assistance programs including Access Forgivable, Access Deferred, and Access Repayable — providing up to $10,000 toward down payment and closing costs.
Low to 0% Down Payment Programs
Several loan programs allow buyers to purchase with little to no money down. We'll help you identify which programs you qualify for based on your income, location, and credit profile.
Will County Down Payment Assistance
Will County offers local down payment assistance grants and forgivable loans for eligible homebuyers purchasing within county boundaries. Funds are limited — ask us about current availability.
Specialty Financing
Alternative & Specialty Loan Programs
Not every buyer fits the traditional mold — and that's okay. These programs are designed for investors, self-employed buyers, and those with unique income situations.
DSCR Loan
Debt Service Coverage Ratio loans qualify based on the rental income of the property — not your personal income. Ideal for real estate investors expanding their portfolio.
Bank Statement Program
Qualify using 12–24 months of personal or business bank statements instead of traditional tax returns. Perfect for self-employed borrowers and business owners.
1099-Only Program
Use your 1099 income forms to qualify without full tax returns. Designed for independent contractors, gig workers, and commission-based earners.
ITIN Loan Options
Buyers without a Social Security Number can still qualify for a home loan using an Individual Taxpayer Identification Number (ITIN). We proudly serve our entire community.
FHA 203(k) Renovation Loan
Finance the purchase and renovation of a home in a single loan. The 203(k) program lets you roll repair costs into your mortgage — perfect for fixer-uppers.
Our Lending Partner
Financing Through loanDepot
Casa Moderna partners with loanDepot — one of the largest non-bank mortgage lenders in the U.S. — to bring you competitive rates and a streamlined lending process.
"We're committed to simplifying the home loan process so you can focus on what matters most — your home."
Not Sure Which Program Fits You?
Our team will walk you through every option and connect you with the right lender. No pressure — just honest guidance.
Casa Moderna Real Estate Corp is a licensed real estate brokerage in the State of Illinois. All loan programs are subject to credit qualification, income, and lender approval. Rates and terms are subject to change without notice. Equal Housing Opportunity — we do not discriminate on the basis of race, color, religion, national origin, sex, disability, or familial status.
The reference to loanDepot is for informational purposes only. Borrowers are welcome to explore their financing options with the lending institution of their liking or preference. Casa Moderna Real Estate Corp does not require or condition the use of any particular lender as a condition of purchasing or selling a property.