Illinois First-Time Home Buyer Programs of 2023

If you’re a first-time home buyer — or even a repeat buyer — in Illinois, the state’s housing development authority may help you clear the hurdles of buying a home through its down payment assistance and loan programs. Almost all of the programs offered by the Illinois Housing Development Authority, or IHDA, are valid in any county in Illinois.

IHDA highlights and eligibility requirements

Here are the home buying programs offered for Illinois residents. You'll find assistance for down payments and closing costs. 

» MORE: Tips for first-time home buyers

Highlights

• Assistance is available to apply to your down payment or closing costs.

• One assistance program is structured as a loan that doesn’t have to be repaid.

• 30-year fixed-rate loans are offered.

• Government-backed loans are available.

Eligibility

• Minimum credit score of 640 is generally required.

• Must meet county household income limits and purchase price limits.

• Contribute $1,000 or 1% of the purchase price, whichever is greater.

• The home must be your primary residence.

• You must complete homeownership counseling, either in person or online.