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IHDAMortgage.org
IHDA Mortgage All Programs Matrix
Provides basic parameters of current IHDA Homeownership programs. All programs subject to change without notice. Regulatory agency rules apply to all programs. Updated December 2020.
Below 80% AMI Limits Effective 5/1/2020
These “Below 80% AMI” Income Limits are to be used for any loan committed through IHDA on or after 5/1/2020.
Below 80% AMI Limits Effective 7/1/2019
These “Below 80% AMI” Income Limits are to be used for any loan committed through IHDA on or after 7/1/2019.
General Income and Purchase Price Limits Effective 7/1/2020
Use these limits to determine if the buyer qualifies for the IHDA Homeownership program for any loan committed through IHDA on or after 7/1/2020. Please note these limits may be different for any loan taking a Mortgage Credit Certificate (MCC)
General Income and Purchase Price Limits Effective 8/1/2019
Use these limits to determine if the buyer qualifies for the IHDA Homeownership program for any loan committed through IHDA on or after 8/1/2019. Please note these limits may be different for any loan taking a Mortgage Credit Certificate (MCC)
IHDA Mortgage Products Procedural Guide
Procedural guide for IHDA Mortgage Products. Revised December 2020.
A guide to the MITAS system, a web based application that allows IHDA’s lender network to reserve loans.
A guide to explain the federal recapture tax associated with IHDA’s mortgage revenue bond programs.
Document Uploading and Data Verification Guide
A guide for Uploading Documents to the MITAS system and verifying loan level information. Revised April 2015.
Flyer for IHDA Loan Officers and Realtors to promote the Opening Doors loan program.
Opening Doors (Abriendo Puertas) Programs Flyer (Spanish)
Spanish flyer for IHDA Loan Officers and Realtors to promote the Opening Doors (Abriendo Puertas) loan program.
Opening Doors Customizable Flyers (English/Spanish)
Flyers for IHDA Loan Officers and Realtors to promote the Opening Doors loan program.
Flyer for IHDA Loan Officers and Realtors to promote the SmartBuy loan program.
SmartBuy Programs Flyer (Spanish)
Spanish flyer for IHDA Loan Officers and Realtors to promote the SmartBuy loan program.
Smart Buy Customizable Flyers (English/Spanish)
Flyers for IHDA Loan Officers and Realtors to promote the SmartBuy loan program.
Access Mortgage Programs Flyer
Flyer for IHDA Loan Officers and Realtors to promote the Access Mortgage loan program.
Access Mortgage Programs Customizable Flyer
Customizable flyer for IHDA Loan Officers and Realtors to promote the Access Mortgage loan program.
IHDA Homeownership Newsletters
Archived newsletters for lenders that provide important changes to the IHDA Single Family Homeownership Program.
Opening Doors Program Fact Sheet
Provides a detailed look at all program information for the Opening Doors program.
IHDA HFA Loan Delivery Checklist
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. 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.
Opening Doors – 1stMortgage with Down Payment Assistance (DPA) for first time or non first-time homebuyers throughout Illinois. Please download the file to your desktop from the website for each use and use Adobe Reader to fill out the form.
Homeownership Income Calculator Effective 7/1/2020
The Income Calculator used to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 7/1/2020. 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.
Homeownership Income Calculator Effective 5/1/2020
The Income Calculator used to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 5/1/2020. 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.
For use ONLY when borrower or spouse is NOT required to file federal tax return.
Seller’s Affidavit – HUD Sale (HO-028HUD)
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.
Seller Affidavit for FNMA transactions (HO-028FNMA)
Document must be completed and signed by FNMA as seller, and notarized prior to close and REAFFIRMED AND RENOTARIZED AT CLOSE.
Provides a detailed look at all program information for the SmartBuy program.
IHDA HFA Loan Delivery Checklist
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. 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.
SmartBuy Pre and Post Close Doc Sets
SmartBuy – 1stMortgage with Down Payment Assistance (DPA) for first time or non first-time homebuyers throughout Illinois. Please download the file to your desktop from the website for each use and use Adobe Reader to fill out the forms.
Homeownership Income Calculator Effective 7/1/2020
The Income Calculator used to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 7/1/2020. 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.
Homeownership Income Calculator Effective 5/1/2020
The Income Calculator used to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 5/1/2020. 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.
For use ONLY when borrower or spouse is NOT required to file federal tax return.
Seller’s Affidavit – HUD Sale (HO-028HUD)
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.
Seller Affidavit for FNMA transactions (HO-028FNMA)
Document must be completed and signed by FNMA as seller, and notarized prior to close and REAFFIRMED AND RENOTARIZED AT CLOSE.
Provides a detailed look at all program information for each Access Program.
IHDA HFA Loan Delivery Checklist
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. 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.
Access 4% Forgivable Combined Doc Set
Access 4% Forgivable – 1stMortgage with Down Payment Assistance (DPA) for first time or non first-time homebuyers throughout Illinois. Please download the file to your desktop from the website for each use and use Adobe Reader to fill out the form.
Access 5% Deferred Combined Document Set
Access 5% Deferred – 1stMortgage with Down Payment Assistance (DPA) for first time or non first-time homebuyers throughout Illinois. Please download the file to your desktop from the website for each use and use Adobe Reader to fill out the form.
Access 10% Repayable Combined Document Set
Access 10% Repayable – 1stMortgage with Down Payment Assistance (DPA) for first time or non first-time homebuyers throughout Illinois. Please download the file to your desktop from the website for each use and use Adobe Reader to fill out the form.
Mortgage Credit Certificate (MCC) Program Doc Set
This is to be used only with Access loans utilizing an MCC.
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.
Homeownership Income Calculator Effective 7/1/2020
The Income Calculator used to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 7/1/2020. 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.
Homeownership Income Calculator Effective 5/1/2020
The Income Calculator used to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 5/1/2020. 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.
For use ONLY when borrower or spouse is NOT required to file federal tax return.
Seller’s Affidavit – HUD Sale (HO-028HUD)
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.
Seller Affidavit for FNMA transactions (HO-028FNMA)
Document must be completed and signed by FNMA as seller, and notarized prior to close and REAFFIRMED AND RENOTARIZED AT CLOSE.
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