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First Time Buyer Home Loans | Illinois Housing Development Authority
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.
Required documents
Valid photo ID
Proof of residence in Illinois
Proof of income
Loan application documents
Additional documents may be required.
Hours
Monday to Thursday, 9:00 am - 4:30 pm
Friday, 9:00 am - 2:00 pm
866-454-3571
Voice·
Toll-Free
866-324-4431
Voice·
TDD
877-456-2656
Voice·
Mortgage Assistance
312-836-5200
Voice·
Main
Website
https://www.ihda.orgLanguages
Spanish, English
Application process
(1) Call or email [email protected] (2) Submit required documents (3) complete home ownership education program
Fees
No Fees
Service area
All ZIP Codes, IL
Administrative entity managing programs for homeowners, first-time home buyers, renters, multifamily developers, and property managers.
Date of Last Formal Update
08/29/2025
Data provided by
211 DuPage County
What's Here
Providing organization
Illinois Housing Development Authority
Administrative entity managing programs for homeowners, first-time home buyers, renters, multifamily developers, and property managers.