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IHDA Access Forgivable

Administered by: Illinois Housing Development Authority · State · Forgivable Loan

Funding status: Active

How much assistance

4% of purchase price up to ,000 (Forgivable Loan)

Forgiven monthly over 10 years of owner-occupancy. Does not need to be repaid if you remain in the home.

Eligibility

  • Income limits: IHDA income limits apply; vary by household size and county.
  • First-time buyer required: Yes — Has not owned a primary residence in the past 3 years (waived in federal Targeted Areas).
  • Credit score minimum: 640
  • Geographic restrictions: Must purchase within Illinois.
  • Homebuyer education required: Yes

How to Apply for IHDA Access Forgivable

Step 1: Apply through a participating IHDA lender. Complete a homebuyer education course. Pair with IHDA first mortgage (FHA, VA, USDA, or Conventional).

Visit program website

Available Statewide In