IHDA Provides First Time Buyer Programs Throughout Illinois

Programs For 1st Time Buyers

First time home buyers in Illinois have many options available to them for help in purchasing their first residence. The Illinois Housing Development Authority (IHDA) provides some very helpful programs for Illinois residents seeking to purchase their first residence.


Illinois First Time Home Buyer Programs
Illinois First Time Home Buyer Programs

Here are some highlights:

Home Buying Programs

If you are interested in buying a home in Boone, Cook, DeKalb, Fulton, Kane, Marion, McHenry, St. Clair, Will or Winnebago counties, 1ST Home Illinois is the product for you.  It combines a 30-year fixed rate mortgage with a $7,500 down payment assistance grant. 1ST Home Illinois  is tailored for first-time homebuyers, veterans, or anyone who hasn’t owned a home in the last three years.



Whether you are a first-time homebuyer, a repeat buyer or simply looking to refinance, @HomeIllinois is the product for you. @HomeIllinois is available throughout the state and is a 30-year, fixed-rate mortgage with a variety of options so you can customize the product to fit your needs.

more details for first-time homebuyers

@HomeIllinois First-Time Buyer Congratulations on the decision to buy your first home. With interest rates at historical lows and rents at an all-time high, there’s no better time to buy a home than now.The @HomeIllinois mortgage is a safe, 30-year, fixed rate mortgage. That means your interest rate will never change. Are you concerned about saving for the down payment? With @HomeIllinois, the buyer contribution is $1,000 or 1 percent of the purchase price, whichever is greater. So for as little as $1,000 out of pocket, you can get into your first home. @HomeIllinois is a 30-year fixed rate mortgage with a variety of options to choose from. The options you choose will determine the interest rate for your loan.

  • $5,000 down payment or closing cost assistance
  • Federal tax credit certificate
  • Lender paid mortgage insurance
  • Choice of FHA, VA, USDA or Conventional loan type


  • Contribute $1,000 or 1 percent of the purchase price, whichever is greater
  • Meet the income and purchase price limits
  • Meet the credit requirements
  • Live in the home as your primary residence
  • Complete homeownership counseling (online and in-person options available)

For complete details on these programs, including contact information and instructions on how to apply, please visit this IHDA webpage.

More Illinois First Time Buyer Programs

In addition to the above homebuyer programs offered by IHDA, there are local housing agencies in various towns, cities and counties throughout the state that provide financial assistance to 1st time property buyers as well. To determine if there any near you, please visit local first time home buyer programs in Illinois.