Skip to content
Illinois 211 home page
Report

First Time Buyer Home Loans | ILLINOIS HOUSING DEVELOPMENT AUTHORITY - Homebuyers Assistance Programs

111 East Wacker Drive, Suite 1000, Chicago, IL 60601

Eligibility
  • Must be purchasing a primary residence anywhere in the State of Illinois
  • Must be a qualified single family dwelling
​- Must have credit score 640 or higher
  • Must have income and home purchase price to fall within the current income and purchase price limits
  • Must be able to contribute a minimum of 1% of the sale price or $1,000 (whichever is greater) towards the transaction or eligible gift funds (case-by-case)
  • Must have debt to income ratio (DTI) be 45% or lower
Hours
Service Hours Monday: 8:30 AM - 5:00 PM Tuesday: 8:30 AM - 5:00 PM Wednesday: 8:30 AM - 5:00 PM Thursday: 8:30 AM - 5:00 PM Friday: 8:30 AM - 5:00 PM
877-456-2656
Voice·

Primary Contact Number

Languages
  • Spanish
  • Interpreter services available
Application process
Homebuyers must apply with an approved IHDA Mortgage Lender (visit website for list) Documents Required:
  • Two most-recent paystubs
  • Most recent tax return
  • Bank statements
  • Additional documentation may be required
Fees
No fee
Service area
IL
Provides eligible homebuyers up to $10,000 in assistance for down payment and/or closing costs. May be first-time or repeat homebuyers. Must be a qualified single-family home anywhere in the State of Illinois. Offers the following program options:
  • Forgivable - offers up to $6000 down payment assistance; no repayment unless sold or refinanced within 10 years
  • Deferred - offers up to $7500 down payment assistance with deferred payments once home is sold or refinanced
  • Repayable - offers up to $10,000 down payment assistance; monthly repayment required
Date of Last Formal Update
08/14/2025
Data provided by
Lake County 211
Providing organization
ILLINOIS HOUSING DEVELOPMENT AUTHORITY
Government agency financing the creation and preservation of affordable housing in the State of Illinois.