Illinois Access Repayable
Illinois Housing Development Authority offers Access Repayable to home buyers in Illinois: up to 10% of the price, at most $10,000, as a repayable loan.
- Amount
- Up to 10% of the price, at most $10,000
- Kind of help
- Repayable loan
- First-time buyers only
- No
- Credit score
- 640 or higher
How is Illinois Access Repayable paid back?
Repayable loan: interest-free loan, repaid in monthly payments over 10 years.
A repayable loan is a small second mortgage you pay off each month, usually in the same payment as your main home loan.
Who qualifies for Illinois Access Repayable?
- 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 Repayable
- 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 Repayable, or pick a lender from the agency's list of participating lenders.
Ask a lender about Illinois Access Repayable
Tell us where you're buying and a lender that works with Illinois's programs can tell you whether Illinois Access Repayable 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 Deferred: up to 5% of the price, at most $7,500, deferred 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