Old Second offers a variety of programs designed to help borrowers who are a good credit risk to overcome some of the challenges to owning their own home. Coming up with a large down payment and money for closing costs, or meeting inflexible loan requirements, can be tough for many prospective homeowners. Old Second offers several Affordable Housing Programs to help you overcome those obstacles.

We also provide financing for low and moderate-income homebuyers who might not qualify for home financing based on more traditional lending requirements.

Some programs will allow you to buy a house with little or no down payment.

In addition to programs designed to meet the needs of first-time buyers, Old Second also provides gift/grant funds that can be used towards down payment or closing costs for qualified buyers in certain geographic areas.