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By Tyler Thompson · Licensed Real Estate Agent · Updated April 16, 2026

Homebuyer Programs in Addison, IL (2026)

Population: 35,489 | Median home price: $371,000 | Est. closing costs: $7,500 - $11,000

Skyline of Addison, IL

Addison is a village of about 35,489 residents in DuPage County, roughly 20 miles west of downtown Chicago. With a median home price near $371,000, Addison buyers typically need meaningful assistance, and DuPage County's robust homeownership ecosystem delivers it. The DuPage Homestead Program, administered by HOME DuPage, offers a reduced-interest first mortgage paired with an interest-free second mortgage and a closing grant up to $3,000. At the state level, IHDAccess Home provides up to $15,000 in down payment assistance, IHDA Access Forgivable offers 4% up to $6,000 fully forgiven after 10 years, and FHLBank Chicago Downpayment Plus adds up to $10,000. Combined with HUD-approved counseling from HOME DuPage and zero-interest mortgages from DuPage Habitat for Humanity for income-qualified partner families, Addison buyers can layer multiple sources of assistance.

State Programs in Illinois

FHLBank Chicago Downpayment Plus (DPP)
Type:
Grant
Amount:
Up to ,000
First-time only:
No
IHDA Access Deferred
Type:
Deferred Loan
Amount:
5% of purchase price up to ,500
First-time only:
Yes
IHDA Access Forgivable
Type:
Forgivable Loan
Amount:
4% of purchase price up to ,000
First-time only:
Yes
IHDA Access Repayable
Type:
Zero-Interest Loan
Amount:
10% of purchase price up to ,000
First-time only:
Yes
IHDA Mortgage Credit Certificate (MCC)
Type:
Tax Credit
Amount:
Federal tax credit: 25% of annual mortgage interest (capped at ,000/year)
First-time only:
Yes
IHDA SmartBuy
Type:
Forgivable Loan
Amount:
,000 DPA plus up to ,000 toward student loan payoff
First-time only:
Yes
IHDAccess Home
Type:
Deferred Loan
Amount:
Up to ,000 (6% of purchase price)
First-time only:
Yes
Opening Doors / Abriendo Puertas
Type:
Forgivable Loan
Amount:
Up to ,000
First-time only:
Yes

Federal Programs

FHA Loans
Type:
Government-Insured Mortgage
Amount:
Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
First-time only:
No
FHLBA Community Partners Product
Type:
Forgivable Loan
Amount:
Up to $20,000 in home purchase assistance for down payment and closing costs
First-time only:
No
FHLBA First Time Homebuyer Product
Type:
Forgivable Loan
Amount:
Up to $17,500 in home purchase assistance for down payment and closing costs
First-time only:
Yes
FHLBA Workforce Housing Plus+
Type:
Forgivable Loan
Amount:
Up to $15,000 in home purchase assistance for down payment and closing costs
First-time only:
No
Good Neighbor Next Door (HUD)
Type:
Government Property Sale Program
Amount:
50% discount off the list price of HUD-owned homes
First-time only:
Yes
Home Possible Mortgage (Freddie Mac)
Type:
Government-Guaranteed Mortgage
Amount:
Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
First-time only:
No
HomeReady Mortgage (Fannie Mae)
Type:
Government-Guaranteed Mortgage
Amount:
Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
First-time only:
No
HUD $100 Down Program
Type:
FHA-Financed HUD REO Purchase
Amount:
Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
First-time only:
No
USDA Rural Development Loans
Type:
Government-Guaranteed Mortgage
Amount:
100% financing (no down payment required); loan amount up to appraised value
First-time only:
No
VA Loans
Type:
Government-Guaranteed Mortgage
Amount:
No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
First-time only:
No

Nonprofit Programs

DuPage and Chicago South Suburbs Habitat for Humanity
Type:
Zero-Interest Loan
Amount:
Below-market home with 0% interest Habitat mortgage
First-time only:
No
DuPage Homestead Program
Type:
Silent Second Mortgage
Amount:
Reduced-interest first mortgage plus an interest-free second mortgage
First-time only:
Yes
DuPage Housing Authority Down Payment Assistance Program
Type:
Grant
Amount:
Down payment assistance (program amount varies by household; initial funding pool of $100,000)
First-time only:
Yes
HOME DuPage Housing Counseling
Type:
Grant
Amount:
HUD-approved pre-purchase counseling, homebuyer education, financial coaching, and foreclosure prevention
First-time only:
No

How to Apply

Step 1:

Check your eligibility. Most programs require household income at or below 80-140% of the DuPage County Area Median Income and a minimum credit score of 640.

Step 2:

Attend HOME DuPage's Gateway Orientation. This 2.5-hour class introduces local programs, grant availability, and lender options. Register at 630-260-2500.

Step 3:

Complete HUD-approved homebuyer education. HOME DuPage provides pre-purchase counseling, financial literacy, and foreclosure prevention services at no cost.

Step 4:

Get pre-approved with an IHDA-participating or HOME DuPage partner lender. These lenders can layer state DPA with the DuPage Homestead second mortgage.

Step 5:

Find a home within Addison or greater DuPage County that meets program purchase price limits. The IHDA one-unit limit in DuPage County is approximately $610,939.

Step 6:

Submit your applications. Your lender coordinates IHDA assistance at closing; HOME DuPage coordinates the Homestead second mortgage and closing grant.

Step 7:

Close on your home and occupy it as your primary residence. Forgivable loans are released over time as long as you remain in the home.

Frequently Asked Questions

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