First Time Buyer Home Loans | ILLINOIS HOUSING DEVELOPMENT AUTHORITY - Homebuyers Assistance Programs
111 East Wacker Drive, Suite 1000, Chicago, IL 60601
Eligibility
- Must be purchasing a primary residence anywhere in the State of Illinois
- Must be a qualified single family dwelling
- Must have income and home purchase price to fall within the current income and purchase price limits
- Must be able to contribute a minimum of 1% of the sale price or $1,000 (whichever is greater) towards the transaction or eligible gift funds (case-by-case)
- Must have debt to income ratio (DTI) be 45% or lower
Hours
Service Hours
Monday: 8:30 AM - 5:00 PM
Tuesday: 8:30 AM - 5:00 PM
Wednesday: 8:30 AM - 5:00 PM
Thursday: 8:30 AM - 5:00 PM
Friday: 8:30 AM - 5:00 PM
877-456-2656
Voice·
Primary Contact Number
Website
https://www.ihdamortgage.orgLanguages
- Spanish
- Interpreter services available
Application process
Homebuyers must apply with an approved IHDA Mortgage Lender (visit website for list)
Documents Required:
- Two most-recent paystubs
- Most recent tax return
- Bank statements
- Additional documentation may be required
Fees
No fee
Service area
All ZIP Codes, IL
Provides eligible homebuyers up to $10,000 in assistance for down payment and/or closing costs. May be first-time or repeat homebuyers. Must be a qualified single-family home anywhere in the State of Illinois. Offers the following program options:
- Forgivable - offers up to $6000 down payment assistance; no repayment unless sold or refinanced within 10 years
- Deferred - offers up to $7500 down payment assistance with deferred payments once home is sold or refinanced
- Repayable - offers up to $10,000 down payment assistance; monthly repayment required
Last assured
08/14/2025
What's Here
Providing organization
ILLINOIS HOUSING DEVELOPMENT AUTHORITY
Government agency financing the creation and preservation of affordable housing in the State of Illinois.