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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
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
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.
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**
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
