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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!
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.
Active Program Directory
Lot's of options for lots of budgets...
A no monthly payment, deferred down payment assistance loan, payment is due when you sell or refinance.
Assistance Amount
Assistance Maximum
Flat $10k
$10,000
Program Term Length
30 years
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
SmartBuy offers $5k in down payment assistance and up to $40k in student debt relief.
Assistance Amount
Assistance Maximum
15%
$40,000
Program Term Length
3yrs EDU/30 years DPA
A zero interest repayable down payment assistance loan, monthly repayment is required.
Assistance Amount
Assistance Maximum
10%
$10,000
Program Term Length
10 years
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
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
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:
How to Buy a Home - IHDA Mortgage Down Payment Assistance Programs
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