Getting An IHDA Loan

Ready to get started? In the following video, you will see how easy the IHDA loan process is and how we helped a family achieve their dream of homeownership. After watching the video, scroll through our current mortgage programs to see which one is most attractive to you.

Home Buying Programs


If you are interested in buying a home in Boone, Cook, DeKalb, Fulton, Kane, Marion, McHenry, St. Clair, Will or Winnebago counties, 1ST Home Illinois is the product for you.  It combines a 30-year fixed rate mortgage with a $7,500 down payment assistance grant. 1ST Home Illinois  is tailored for first-time homebuyers, veterans, or anyone who hasn’t owned a home in the last three years.

The 1ST Home Illinois mortgage is a safe, 30-year, fixed rate mortgage. That means your interest rate will never change. Are you concerned about saving for the down payment? 1ST Home Illinois  offers a $7,500 down payment assistance grant. Your contribution is limited to $1,000 or 1 percent of the purchase price, whichever is greater. So for as little as $1,000 out of pocket, you can get into your new home.

Offers:

  • $7,500 cash grant for down payment and closing costs
  • 30-year, fixed rate mortgage with a competitive interest rate
  • Choice of FHA, VA, USDA or Conventional loan type

Requirements:

  • Purchase a one or two unit property in Boone, Cook, DeKalb, Fulton, Kane, Marion, McHenry, St. Clair, Will or Winnebago counties
  • First-time homebuyer, veteran or anyone who has not owned a home in the last three years
  • Contribute $1,000 or 1 percent of the purchase price, whichever is greater
  • Meet the income and purchase price limits
  • Meet the credit requirements
  • Live in the home as primary residence
  • Complete homeownership counseling (online and in-person options available)
  • Property must be an existing residential dwelling (new construction excluded)

Reach out to a qualified IHDA participating lender to guide you through the quick and easy process. Funds are limited so act today.

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Whether you are a first-time homebuyer, a repeat buyer or simply looking to refinance, @HomeIllinois is the product for you. @HomeIllinois is available throughout the state and is a 30-year, fixed-rate mortgage with a variety of options so you can customize the product to fit your needs.

@HomeIllinois First-Time Buyer Congratulations on the decision to buy your first home. With interest rates at historical lows and rents at an all-time high, there’s no better time to buy a home than now.The @HomeIllinois mortgage is a safe, 30-year, fixed rate mortgage. That means your interest rate will never change. Are you concerned about saving for the down payment? With @HomeIllinois, the buyer contribution is $1,000 or 1 percent of the purchase price, whichever is greater. So for as little as $1,000 out of pocket, you can get into your first home. @HomeIllinois is a 30-year fixed rate mortgage with a variety of options to choose from. The options you choose will determine the interest rate for your loan.
Options:

  • $5,000 down payment or closing cost assistance
  • Federal tax credit certificate
  • Lender paid mortgage insurance
  • Choice of FHA, VA, USDA or Conventional loan type

Requirements:

  • Contribute $1,000 or 1 percent of the purchase price, whichever is greater
  • Meet the income and purchase price limits
  • Meet the credit requirements
  • Live in the home as your primary residence
  • Complete homeownership counseling (online and in-person options available)

Reach out to a qualified IHDA participating lender to guide you through the quick and easy process.

 

@HomeIllinois Repeat BuyerAre you looking to upgrade, downsize or simply change zip codes? The @HomeIllinois mortgage is the mortgage for you. For the first time ever, IHDA is offering $5,000 in down payment or closing cost assistance to repeat buyers. With interest rates at historical lows, there’s no better time to buy your next home than now.The @HomeIllinois mortgage is a safe, 30-year, fixed rate mortgage. That means your interest rate will never change. Are you concerned about saving for the down payment? With @HomeIllinois, the buyer contribution is $1,000 or 1 percent of the purchase price, whichever is greater. So for as little as $1,000 out of pocket, you can get into your next home.

@HomeIllinois is a 30-year fixed rate mortgage with a variety of options to choose from. The options you choose will determine the interest rate for your loan.

Options:

  • $5,000 down payment or closing cost assistance
  • Lender paid mortgage insurance
  • Choice of FHA, VA, USDA or Conventional loan type

Requirements:

  • Contribute $1,000 or 1 percent of the purchase price, whichever is greater
  • Meet the income and purchase price limits
  • Meet the credit requirements
  • Live in the home as your primary residence
  • Complete homeownership counseling (online and in-person options available)

Reach out to a qualified IHDA participating lender to guide you through the quick and easy process.

@HomeIllinois Refinance With interest rates at historical lows, there’s no better time to refinance than now. The @HomeIllinois mortgage is a safe, 30-year, fixed rate mortgage. That means your interest rate will never change. You can choose an FHA, VA, USDA or Conventional loan type, whichever is best for you.Requirements:

  • Meet the income and purchase price limits
  • Meet the credit requirements
  • Live in the home as your primary residence
  • Complete homeownership counseling (online and in-person options available)

Reach out to a qualified IHDA participating lender to guide you through the quick and easy process.

 


 

Finding A Lender

Now that you are familiar with IHDA’s programs, reach out to an IHDA-approved lender to walk you through the process.

Click here to find a lender

 

If you’re not quite ready to find a lender, you may want to talk with a housing counselor. Housing counselors can help assess if you are ready to purchase a home and can educate you on the responsibilities of owning a home.

Homebuyer Education Events

Approved housing counselors provide homebuyer education courses to help you understand the complexities of buying a home, and prepare you for the responsibilities of homeownership. Attend a Homebuyer Education Event or use the tool below to find a counselor near you.

 

Finding A Counselor

 

"Find a counselor" near you today by entering a ZIP Code, city, or property address in the map application below and begin to get the help you need.

Listed below are 10 counselors found within the area of