Illinois Access Deferred
Illinois Housing Development Authority offers Access Deferred to home buyers in Illinois: up to 5% of the price, at most $7,500, as a deferred loan.
- Amount
- Up to 5% of the price, at most $7,500
- Kind of help
- Deferred loan
- First-time buyers only
- No
- Credit score
- 640 or higher
How is Illinois Access Deferred paid back?
Deferred loan: 0% loan, repaid when you sell, refinance, or pay off your mortgage.
A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.
Who qualifies for Illinois Access Deferred?
- Varies by county (separate limits for targeted and non-targeted areas).
- You don't have to be a first-time buyer.
- A credit score of 640 or higher.
- A homebuyer education course before you buy.
- It comes with an IHDA 30-year fixed-rate FHA, VA, USDA, FNMA HFA Preferred or FHLMC HFA Advantage loan.
The exact income limit for your county and household size is on the agency's income chart. Our HUD income limits lookup shows your area's median income.
How to apply for Illinois Access Deferred
- Illinois Housing Development Authority pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on Illinois Housing Development Authority's page for Access Deferred, or pick a lender from the agency's list of participating lenders.
Ask a lender about Illinois Access Deferred
Tell us where you're buying and a lender that works with Illinois's programs can tell you whether Illinois Access Deferred fits you, and what you could combine with it.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Illinois
- Illinois Access Home: up to 6% of the price, at most $15,000, deferred loan.
- Illinois Access Forgivable: up to 4% of the price, at most $6,000, forgivable loan.
- Illinois Access Repayable: up to 10% of the price, at most $10,000, repayable loan.
- Illinois Opening Doors (Abriendo Puertas): up to $6,000, forgivable loan.
All Illinois first-time home buyer programs · Down payment assistance in every state