First Time Buyer Home Loans | Illinois Housing Development Authority
Administrative entity managing programs for homeowners, first-time home buyers, renters, multifamily developers, and property managers.
Services
Date of Last Formal Update
08/29/2025
Data provided by
211 DuPage County
Physical Address
Hours
Monday to Friday, 8:30 am - 5:00 pm
Website
https://www.ihda.org
Application process
(1) Call or email [email protected] (2) Submit required documents (3) complete home ownership education program
Fee
No Fees
Required documents
Valid photo ID; Proof of residence in Illinois; Proof of income; Loan application documents; Additional documents may be required.
Eligibility
Must be purchasing a primary residence; Borrower must have credit score of 640 or higher; Property must be located within the State of Illinois; Must meet income guidelines; Price of property must fall within purchase price limits; Must pay 1% of sale price or $1000; Borrower's debt to income ratio must be 50% or lower. Must complete home ownership education program.
Languages
Spanish, English
Service area
IL
Agency info
Illinois Housing Development Authority
Administrative entity managing programs for homeowners, first-time home buyers, renters, multifamily developers, and property managers.