Who qualifies for IHDA Access Home?
Buyers must be first-time homebuyers or exempt (eligible veterans or purchases in targeted areas). Interest-free loan deferred for the life of the mortgage.
| Detail | Program terms |
|---|---|
| Assistance | 6% of the purchase price up to $15,000 |
| Type | Deferred-payment loan |
| Minimum credit | 640 |
| First-time buyer | Required |
| Income limits | Must meet household income and purchase price limits. |
How does IHDA Access Home work with an FHA loan?
Illinois's 2026 FHA one-unit limits start at $541,287, which supports a price of about $560,000 with 3.5% down. On a $250,000 home, the minimum FHA down payment is $8,750 — assistance of up to $15,000 could cover it and part of closing costs, subject to program rules.
Where do I confirm current terms?
On the official page: https://www.ihda.org/lenders-realtors/lending-programs/. Programs can pause when funds run out, so confirm availability with a participating lender.
“6% of the purchase price up to $15,000 in assistance for down payment & closing costs offered as an interest-free loan, deferred for the life of your mortgage” — Illinois Housing Development Authority
Frequently asked questions
Sources
- Illinois Housing Development Authority — IHDA Access Home (official page, verified October 23, 2026)
- HUD — 2026 FHA limits
Data last updated October 23, 2026.
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Get My MatchesFigures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.