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Moving In

We believe homeownership is more than just buying a home.

Owning a home means investing in your community, your family and your future. Our team is working hard to make homeownership more accessible for families across Illinois. Find out how our program can help!

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Homebuyer Center

Welcome to the Homebuyer Center! Below is our collection of guides and resources to help you throughout the hombuying process. 

Looking for COVID-19 resources? Visit IHDA.org for more information.

You're On Your Way!
Learning the programs is the first step.

We're here for you every step of the way! Before we get started, let us know if you want us to email you or give you a call. We'll send you program announcements, and a welcome email with detailed information on how to apply.

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Active Program Directory

Lot's of options for lots of budgets...

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A no monthly payment, forgivable down payment assistance loan, no repayment unless sold or refinanced before 5yr. forgiveness period.

Assistance Amount

Assistance Maximum

Flat $6k

$6,000

Program Term Length

5 years

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Assistance Amount

Assistance Maximum

15%

$40,000

Program Term Length

3 years (edu assist) | 30 years (DPA)

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A zero interest repayable down payment assistance loan, monthly repayment is required.

Assistance Amount

Assistance Maximum

10%

$10,000

Program Term Length

10 years

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A no monthly payment, deferred down payment assistance loan, payment is due when you sell or refinance.

Assistance Amount

Assistance Maximum

5%

$7,500

Program Term Length

30 years

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A no monthly payment, forgivable down payment assistance loan, no repayment unless sold or refinanced before 10 yr. forgiveness period.

Assistance Amount

Assistance Maximum

4%

$6,000

Program Term Length

10 years

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Apply With A Lender

The Homebuying Process

We keep the process simple for homebuyers by partnering with local lenders across the state. IHDA loans do not take longer to close than a regular mortgage and offer very competitive interest rates. Here's a short video explaining the process:

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Homebuying shouldn't be be a puzzle...

Learn how down payment assistance works to help you buy a home!

Let's Go!

There are three "layers" that finance your home with an IHDA Mortgage Down Payment Assistance Program.

Borrower Funds: Money you bring to the closing (for IHDA we require 1% of the sales price or $1,000, whichever is higher. Sometimes, gift funds can be allowed, talk to your loan officer to is this an option.

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IHDA Mortgage Down Payment Assistance: This is the money IHDA provides as part of the program you choose.