Program Directory 

Purchase

Access Repayable - 10% / $10,000


First-Time and Non First-Time Homebuyers Down Payment Assistance Amount: 10% of Purchase Price - up to a max of $10,000 Monthly Payment: 2nd Mortgage Amount ÷ 120 months = Monthly Payment Amount (Review Mortgage and Note for full terms.) Click here for printable fact sheet to bring to your lender.




Access Forgivable - 4% / $ 6,000


First-Time and Non First-Time Homebuyers Down Payment Assistance Amount: 4% of Purchase Price - up to a max of $6,000.00 Monthly Payment: No monthly payment. The 2nd mortgage shall be forgiven pro rata on a monthly basis over a 10-year forgiveness period. (Review Mortgage and Note for full terms.) Click here for printable fact sheet to bring to your lender.




Access Deferred - 5% / $ 7,500


First-Time and Non First-Time Homebuyers Down Payment Assistance Amount: 5% of Purchase Price - up to a max of $7,500.00 Monthly Payment: No monthly payment due. Full repayment of the 2nd will be due upon the sooner of the maturity date or repayment of the 1st mortgage (including refinance or sale of the property), or other qualifying repayment events. (Review Mortgage and Note for full terms.) Click here for printable fact sheet to bring to your lender.




1stHomeIllinois - $7,500 (closed to new applicants)


**This program is currently closed and is not available to new applicants** First-Time Homebuyers ONLY Down Payment Assistance Amount: Flat $7,500 Monthly Payment: No monthly payment. The 2nd mortgage shall be forgiven pro rata on a monthly basis over a 5 year period. (Review Mortgage and Note for full terms.) Click here for printable fact sheet to bring to your lender.





Refinance

I-Refi (currently suspended for new applications)


FOR HOMEOWNERS WITH NEGATIVE EQUITY ONLY Eligible properties must be primary residences only. Assistance Amount: Up to $50,000 Monthly Payment: No monthly payment. Assistance amount forgiven after three years.





MCC - Tax Credit

Mortgage Credit Certificate (MCC) Program


Visit our MCC Page for all program details!





Full Program Matrix

2020 Program Matrix


2020 IHDA PROGRAM MATRIX This guide covers all active IHDA programs and most major guidelines and limits.





DISCLAIMER: All program funding and availability is subject to change at any time, and is not guaranteed until the lender places a complete reservation with IHDA Mortgage. Potential borrowers must meet all applicable program guidelines and income/purchase price limits for the county the property is located in to be eligible.

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