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Guides, Manuals, and Program Matrix
Procedural Guide
IHDA Procedural Guide
This document was recently updated, click here for a summary of the changes!
Last updated: 06/2020
Number of Pages: (51)
Description: A comprehensive manual containing detailed limits and guidelines on all active IHDA programs.
(click the document to download)
2020 Program Matrix
2020 IHDA PROGRAM MATRIX
Last updated: 07/2020
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
Reservation Manual
Last updated: 07/2019
Number of Pages: (48)
Description: How to reserve an IHDA loan or Mortgage Credit Certificate (MCC) in the MITAS system.
(click the document to download)
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.
I-Refi (currently suspended)
I-Refi Borrower Affidavit (I-Refi-012)
I-Refi Borrower Affidavit (I-Refi-012)
Last Updated: 11/2016
Number of Pages: (01)
Description: The Borrower Affidavit must be executed by the Borrower(s) (and non-borrowing spouse waiving homestead) and duly notarized.
(click the document to download)
I-Refi Eligibility Calculator
I-Refi Eligiblity Calculator
Last Updated: 06/2018
Number of Pages: (4)
Description: To be used in both qualifying a household and determining the amount of assistance for IHDA’s I-Refi Program.
HHF Dodd Frank Certification (I-Refi-017)
HHF Dodd Frank Certification (I-Refi-017)
Last Updated: 11/2016
Number of Pages: (01)
Description: HHF Dodd Frank Certification (I-Refi) must be executed by the borrower(s) and submitted with application. Certifies compliance with the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111-203) for the I-Refi Program.
(click the document to download)
I-Refi Pre-Close Checklist (I-Refi-022)
I-Refi Pre Close Checklist (I-Refi-022)
Last Updated: 06/2017
Number of Pages: (01)
Description: Checklist that provides the documentation that must be submitted prior to closing. Requires e-signature (it will prompt you to save a signed copy). Please include in IHDA Underwriting Upload.
(click the document to download)
I-Refi FAQ
I
-Refi FAQ
Last Updated: 06/2017
Number of Pages: (01)
Description: A collection of common questions and issues regarding the I-Refi program.
(click the document to download)
I-Refi Document Set
I-Refi Document Set
Last Updated: 06/2017
Number of Pages: (20)
Description: Contains all IHDA docs required on the I-Refi 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 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 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.
(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)
Checklists
IHDA HFA Loan Delivery Checklist
IHDA Income Calculator
For Loans Reserved on after 04/15/2019
Last Updated: 07/2019
Number of Pages: (01)
Description:
Lists required documents to be uploaded MITAS; 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 JULY 2019.
Standalone Documents
Income Tax Affidavit (HO-027.1)
Income Tax Affidavit
Last Updated: 05/2020
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)
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)
Document Sets
Access Forgivable - 4%
Access 4% Forgivable Complete Doc Set
Last Updated: 07/2020
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
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: 07/2020
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: 07/2020
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)
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)
IHDA Advantage Subsidy
IHDA Advantage Subsidy Guide
IHDA Advantage Subsidy Guide
Last updated: 01/2020
Number of Pages: (02)
Description: A comprehensive guide covering how to reserve the IHDA Advantage Subsidy in MITAS.
(click the document to download)
IHDA Advantage Subsidy Fact Sheet
IHDA Advantage Subsidy Fact Sheet
Last updated: 01/2020
Number of Pages: (01)
Description: Fact sheet with program description, guidelines, reservation policies and procedure.
(click the document to download)
Program Fact Sheets
1stHomeIllinois Fact Sheet
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: 08/2019
Number of Pages: (01)
Description: Fact sheet with program description, guidelines, reservation policies and procedure.
(click the document to download)
IHDAccess 5% Deferred
IHDAccess 5% Deferred Fact Sheet
Last updated: 08/2019
Number of Pages: (01)
Description: Fact sheet with program description, guidelines, reservation policies and procedure.
IHDAccess 10% Repayable
IHDAccess 10% Repayable 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)
IHDA Advantage Subsidy Fact Sheet
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
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)
