Illinois Opening Doors (Abriendo Puertas)

How is Illinois Opening Doors (Abriendo Puertas) paid back?

Forgivable loan: forgiven after five years; no monthly payment is due.

A forgivable loan is written off once you have kept the home and its first mortgage for the years the program sets.

Who qualifies for Illinois Opening Doors (Abriendo Puertas)?

• Varies by county and household size.
• You don't have to be a first-time buyer.
• A homebuyer education course before you buy.
• It comes with a 30-year fixed-rate first mortgage from IHDA.
• Price limit: subject to IHDA purchase price limits (amount not stated).

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 Opening Doors (Abriendo Puertas)

1. Illinois Housing Development Authority pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
2. The lender checks your income, credit and the home against the program's rules and reserves the money for you.
3. 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 Opening Doors (Abriendo Puertas), or pick a lender from the agency's list of participating lenders.

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 Access Repayable: up to 10% of the price, at most $10,000, repayable loan.

All Illinois first-time home buyer programs · Down payment assistance in every state