Document Library

All IHDA documents, guides, and manuals in one place.

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Guides, Manuals, and Program Matrix

Procedural Guide


IHDA Procedural Guide Last updated: 09/2021 Number of Pages: (59) Description: A comprehensive manual containing detailed limits and guidelines on all active IHDA programs. (click the document to download)




2021 Program Matrix


2021 IHDA PROGRAM MATRIX
Last updated: 05/2021 Number of Pages: (01) Description: A quick side by side reference of key program limits and details. (click the document to download)




Recapture Guide


Recapture Guide Recapture Guide
Last updated: 03/2016 Number of Pages: (05) Description: A guide that covers recapture tax




Reservation Manual


Visit our TPO Training Portal to receive all TPO Related Instructions including how to reserve a loan.




U.S. Bank Guidelines


Description: U.S. Bank Home Mortgage
Mortgage Revenue Bond Program Division




Fannie Mae HFA Preferred Guides


Description: HFA Preferred™ is FNMA's 3% down payment conventional mortgage designed to help participating HFAs serve low-to-moderate income borrowers exclusively through their lender partners.





Lender Awards

2016


2016 LENDER AWARDS Report of top lenders and loan officers for 2016. (click the document to download)




2017


2017 LENDER AWARDS Report of top lenders and loan officers for 2017.

(click the document to download)




2018


2018 LENDER AWARDS Report of top lenders and loan officers for 2018. (click the document to download)




2019


2019 LENDER AWARDS Report of top lenders and loan officers for 2019 . (click the document to download)





Flyers and Marketing

Access Customizable Flyer


Description: Customizable flyer to promote the Access programs. English Version Spanish Version Instructions




Access Non-Customizable Flyer


Description: Flyer to promote the Access programs. English Version Spanish Version




MCC Flyer **currently suspended for new applications**


Mortgage Credit Certificate Flyer Description: Flyer to promote the IHDA Mortgage MCC Program, illustrates benefits of the MCC. Use the links below to download: English Version Spanish Version





Income Calculators

Homeownership Income Calculator Effective 7/1/2018


IHDA Income Calculator For Loans Reserved on after 07/01/2018 Number of Pages: (04) Description: Use to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 7/1/2018. Please do not save the template to your desktop, always pull a new one from the website. A PowerPoint Training for Income Calculation can be found here. (click the document to download)




Homeownership Income Calculator Effective 5/1/2018


IHDA Income Calculator For Loans Reserved on after 05/01/2018 Description: Use to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 5/1/2018. Please do not save the template to your desktop, always pull a new one from the website. A PowerPoint Training for Income Calculation can be found here. (click the document to download)




Homeownership Income Calculator Effective 06/01/2021


IHDA Income Calculator For Loans Reserved on after 06/01/2021 Number of Pages: (04) Description: Use to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 06/01/2021. Please do not save the template to your desktop, always pull a new one from the website. A PowerPoint Training for Income Calculation c an be found here. For a video walkthrough on how to use the calculator click here. (click the document to download)




Homeownership Income Calculator Effective 07/01/2019 - 07/31/19


IHDA Income Calculator For Loans Reserved on after 07/01/2019 Number of Pages: (04) Description: Use to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved between 07/01/2019 and 07/31/19. Please do not save the template to your desktop, always pull a new one from the website. A PowerPoint Training for Income Calculation can be found here. (click the document to download)




Homeownership Income Calculator Effective 8/01/2019


IHDA Income Calculator For Loans Reserved on after 08/01/2019 Number of Pages: (04) Description: Use to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 08/01/2019. Please do not save the template to your desktop, always pull a new one from the website. A PowerPoint Training for Income Calculation c an be found here. (click the document to download)




Homeownership Income Calculator Effective 5/01/2020


IHDA Income Calculator For Loans Reserved on after 05/01/2020 Number of Pages: (04) Description: Use to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 05/01/2020. Please do not save the template to your desktop, always pull a new one from the website. A PowerPoint Training for Income Calculation c an be found here. (click the document to download)




Homeownership Income Calculator Effective 7/01/2020


IHDA Income Calculator For Loans Reserved on after 07/01/2020 Number of Pages: (04) Description: Use to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 07/01/2020. Please do not save the template to your desktop, always pull a new one from the website. A PowerPoint Training for Income Calculation c an be found here. For a video walkthrough on how to use the calculator click here. (click the document to download)





Checklists

IHDA HFA Loan Delivery Checklist


IHDA Checklist For Loans Reserved on after 2/11/2021 Last Updated: 2/2021 Number of Pages: (01) Description: Lists required documents to be uploaded to TPO Connect; mirrors U.S. Bank HFA Division checklist and includes IHDA specific requirements, such as 3 years tax returns, IHDA documents, etc. (click the document to download) NOTE: This checklist contains fillable fields. Please download the file to your desktop from the website for each use and use Adobe Reader to fill out the form. Updated FEBRUARY 2021.




Mortgage Credit Certificate


The Mortgage Credit Certificate document list is included on the submission cover in the MCC Document Set. Navigate to the document set category to review.




SmartBuy **Closed for new locks as of 5/21/2021**


The SmartBuy document list is included in the Document Sets for the SmartBuy Program (separate items required for pre-close and closing). Navigate to the Document Sets category of the Document Library to review.





Standalone Documents

Income Tax Affidavit (HO-027.2)


Income Tax Affidavit Last Updated: 12/2020 Number of Pages: (01) Description: For use ONLY when borrower or spouse is NOT required to file federal tax return.
(click the document to download)




Seller Affidavit – HUD Sale (HO-028HUD)


Seller Affidavit – HUD Sale Last Updated: 05/2011 Number of Pages: (01) Description: Document must be completed and signed by HUD as Seller prior to close, with signature notarized prior to close and REAFFIRMED AND RENOTARIZED AT CLOSE and is for use with IHDA Homeownership Programs. (click the document to download)




Seller Affidavit – FNMA Sale (HO-028FNMA)


Seller Affidavit for FNMA Transactions Last Updated: 10/09 Number of Pages: (01) Description: Document must be completed and signed by FNMA as seller, and notarized prior to close and REAFFIRMED AND RENOTARIZED AT CLOSE.




MCC Income Tax Affidavit (MCC-027)


MCC Income Tax Affidavit Last Updated: 08/2018 Number of Pages: (02) Description: For use on MCC Program ONLY when borrower or spouse is NOT required to file federal tax return during any of the three preceding years. (click the document to download)




MCC Opt-Out (HO-024.1)


MCC Opt-Out (HO-024.1) Last Updated: 12/2020 Number of Pages: (01) Description: For use only when a borrower could have chosen to participate in the MCC Program but did not wish to do so. (click the document to download)




Zero Income Certification (HO-053)


Zero Income Certification Last Updated: 12/2020 Number of Pages: (01) Description: For use ONLY when someone going on the mortgage or note have no income to report.
(click the document to download)





Historical Income Limits

2018


Income and Purchase Limits 2018-2019 Number of Pages: (07) Description: Contains income and purchase price limits. (click the document to download)




2014


Income and Purchase Limits 2014-2015 Number of Pages: (07) Description: Contains income and purchase price limits. (click the document to download)




2017


Income and Purchase Limits 2017-2018 Number of Pages: (08) Description: Contains income and purchase price limits. (click the document to download)




2016


Income and Purchase Limits 2016-2017 Number of Pages: (07) Description: Contains income and purchase price limits. (click the document to download)




2015


Income and Purchase Limits 2015-2016 Number of Pages: (01) Description: Contains income and purchase price limits. (click the document to download)




2019


Income and Purchase Limits 2019-2020 Number of Pages: (07) Description: Contains income and purchase price limits. (click the document to download)




2020


Income and Purchase Limits 2020-2021 Number of Pages: (07) Description: Contains income and purchase price limits. (click the document to download)





Document Sets

Access Forgivable - 4%


Access 4% Forgivable Complete Doc Set Last Updated: 06/2021 Number of Pages: (47) Description: Contains all IHDA docs required on the Access 4% Forgivable Program. The features of this document set, such as recapture tax, 2nd loan amount calculations, and autofill of duplicative fields require Adobe Reader (free to download). Review our document set instructions for details. (click the document to download)




1stHomeIllinois - $7,500.00 **closed**


**This progam has been suspended and is not accepting new applications** 1stHomeIllinois Document Set Last Updated: 07/2020 Number of Pages: (49) Description: Contains all IHDA docs required on the 1stHomeIllinois Program. The features of this document set, such as recapture tax, 2nd loan amount calculations, and autofill of duplicative fields require Adobe Reader (free to download). Review our document set instructions for details. (click the document to download)




Access Deferred - 5%


Access 5% Deferred Doc Set Last Updated: 06/2021 Number of Pages: (48) Description: Contains all IHDA docs required on the Access 5% Deferred Program. The features of this document set, such as recapture tax, 2nd loan amount calculations, and autofill of duplicative fields require Adobe Reader (free to download). Review our document set instructions for details. (click the document to download)




Mortgage Credit Certificate (MCC) Program **currently suspended for new applications**


data:image/gif;base64,R0lGODlhAQABAPABAP///wAAACH5BAEKAAAALAAAAAABAAEAAAICRAEAOw== MCC DOCUMENT SET Last Updated: 07/2020 Number of Pages: (28) Description: Contains all IHDA docs required on the Mortgage Credit Certifcate Program. The features of this document set, such as recapture tax, 2nd loan amount calculations, and autofill of duplicative fields require Adobe Reader (free to download). Review our document set instructions for details. (click the document to download)




Access Repayable - 10%


Access 10% Repayable Doc Set Last Updated: 06/2021 Number of Pages: (46) Description: Contains all IHDA docs required on the Access 10% Repayable Program. The features of this document set, such as recapture tax, 2nd loan amount calculations, and autofill of duplicative fields require Adobe Reader (free to download). Review our document set instructions for details. (click the document to download)




Opening Doors - $6,000


Opening Doors Document Set Last Updated: 6/2021 Number of Pages: (45) Description: Contains all IHDA docs required on the Opening Doors Program. The features of this document set, such as recapture tax, 2nd loan amount calculations, and autofill of duplicative fields require Adobe Reader (free to download). Review our document set instructions for details. (click the document to download)




SmartBuy - 15% / $40,000 **Closed for new locks as of 5/21/2021**


SmartBuy Pre-Close Doc Set Last Updated: 02/2021 Number of Pages: (22) Description: Contains all Pre-Close IHDA docs required on the SmartBuy Program. The features of this document set, such as SmartBuy Checklist, student loan attestation, and autofill of duplicative fields require Adobe Reader (free to download). Click here for an instruction video on how to use this document. (click the document to download) __________________________________________________________________________ SmartBuy Closing Doc Set Last Updated: 02/2021 Number of Pages: (30) Description: Contains all IHDA closing docs required on the SmartBuy Program. The features of this document set, such as recapture tax, 2nd loan amount calculations, and autofill of duplicative fields require Adobe Reader (free to download). Review our document set instructions for details. (click the document to download)





Lender Communications

4/22/19- HUD Mortgagee Letter Update


IHDA Lender Communications Date: 4-22 Subject: HUD Mortgagee Letter (click the document to download)




07/23/19 - HUD Mortgagee Letter Update


IHDA Lender Communications Date: 07-23-19 Subject: HUD Mortgagee Letter (click the document to download)




07/24/19 - HUD Mortgagee Letter Update


IHDA Lender Communications Date: 07-24-19 Subject: HUD Mortgagee Letter (click the document to download)




08/28/19 - FNMA Product Changes


IHDA Lender Communications Date: 08-28-19 Subject: FNMA Product Changes (click the document to download)




09/18/19 - FNMA DU Error


IHDA Lender Communications Date: 09-18-19 Subject: FNMA DU Error (click the document to download)




12/16/19 - 1stHomeIllinois/IRefi Prorgam Phase Out


IHDA Lender Communications Date: 12/16/19 Subject: 1stHomeIllinois/I-Refi Phase Out (click the document to download)





Program Fact Sheets

1stHomeIllinois Fact Sheet **closed**


1stHomeIllinois Fact Sheet
Last updated: 08/2019 Number of Pages: (01) Description: Fact sheet with program description, guidelines, reservation policies and procedure. (click the document to download)




IHDAccess 4% Forgivable


IHDAccess 4% Forgivable Fact Sheet
Last updated: 12/2020 Number of Pages: (03) Description: Fact sheet with program description, guidelines, reservation policies and procedure. Available in both Spanish and English (click the document to download)




IHDAccess 5% Deferred


IHDAccess 5% Deferred Fact Sheet
Last updated: 12/2020 Number of Pages: (03) Description: Fact sheet with program description, guidelines, reservation policies and procedure. Available in both Spanish and English. (click the document to download)




IHDAccess 10% Repayable


IHDAccess 10% Repayable Fact Sheet
Last updated: 12/2020 Number of Pages: (03) Description: Fact sheet with program description, guidelines, reservation policies and procedure. Available in both Spanish and English. (click the document to download)




IHDA Advantage Subsidy Fact Sheet **closed**


IHDA Advantage Subsidy Fact Sheet
Last updated: 12/2019 Number of Pages: (01) Description: Fact sheet with program description, guidelines, reservation policies and procedure. (click the document to download)




Mortgage Credit Certificate Fact Sheet **closed**


Mortgage Credit Certificate Progrm Fact Sheet
Last updated: 08/2019 Number of Pages: (01) Description: Fact sheet with program description, guidelines, reservation policies and procedure. (click the document to download)




Opening Doors / Abriendo Puertas


Opening Doors / Abriendo Puertas Fact Sheet
Last updated: 12/2020 Number of Pages: (03) Description: Fact sheet with program description, guidelines, reservation policies and procedure. Available in both Spanish and English (click the document to download)




SmartBuy **Closed for new locks as of 5/21/2021**


SmartBuy Fact Sheet
Last updated: 12/2020 Number of Pages: (04) Description: Fact sheet with program description, guidelines, reservation policies and procedure. Available in both Spanish and English (click the document to download)





Current Income Limits