Homeownership Resource Center

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IHDAMortgage.org

IHDA Mortgage All Programs Matrix

Provides basic parameters of current IHDA Homeownership programs. All programs subject to change without notice. Regulatory agency rules apply to all programs.

Below 80% AMI Limits Effective 6/1/2022

These “Below 80% AMI” Income Limits are to be used for any loan committed through IHDA on or after 6/1/2022.

General Income and Purchase Price Limits Effective 7/1/2024

Use these limits to determine if the buyer qualifies for the IHDA Homeownership program for any loan committed through IHDA on or after 7/1/2024.

General Income and Purchase Price Limits Effective 7/1/2023

Use these limits to determine if the buyer qualifies for the IHDA Homeownership program for any loan committed through IHDA on or after 7/1/2023.

IHDA Mortgage Products Procedural Guide

Procedural guide for IHDA Mortgage Products.

Commitment/Reservation Manual

A guide to the MITAS system, a web based application that allows IHDA’s lender network to reserve loans.

Recapture Guide

A guide to explain the federal recapture tax associated with IHDA’s mortgage revenue bond programs.

IHDA Mortgage Marketing Materials

Flyers in English and Spanish for IHDA Mortgage Loan Officers and Realtors to promote IHDA Mortgage loan programs.

 

The Illinois HFA1 Program is suspended as of Sept. 12, 2023

Illinois HFA1 Program Fact Sheet

Provides a detailed look at all program information for the Illinois HFA1 program.

Illinois HFA1 Document Set

Contains all IHDA docs required on the Illinois HFA1 Program. The features and calculators of this document set requires Adobe Reader. Please download the file to your desktop from the website for each use and use Adobe Reader to fill out the form.

Homeownership Income Calculator Effective 7/1/2024

The Income Calculator used to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 7/1/2024. Please do not save the template to your desktop, always pull a new one from the website. A PowerPoint Training for Income Calculation can be found here.

Homeownership Income Calculator Effective 7/1/2023

The Income Calculator used to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 7/1/2023. Please do not save the template to your desktop, always pull a new one from the website. A PowerPoint Training for Income Calculation can be found here.

CLOSED AS OF MONDAY, NOV. 13, 2023

Opening Doors Program Fact Sheet

Provides a detailed look at all program information for the Opening Doors program.

IHDA HFA Loan Delivery Checklist

Lists required documents to be uploaded MITAS; mirrors U.S. Bank HFA Division checklist and includes IHDA specific requirements, such as 3 years tax returns, IHDA documents, etc. NOTE: This checklist contains fillable fields.  Please download the file to your desktop from the website for each use and use Adobe Reader to fill out the form.

Opening Doors Doc Set

Opening Doors – 1stMortgage with Down Payment Assistance (DPA) for first time or non first-time homebuyers throughout Illinois. Please download the file to your desktop from the website for each use and use Adobe Reader to fill out the form. 

Homeownership Income Calculator Effective 7/1/2024

The Income Calculator used to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 7/1/2024. Please do not save the template to your desktop, always pull a new one from the website. A PowerPoint Training for Income Calculation can be found here.

Homeownership Income Calculator Effective 7/1/2023

The Income Calculator used to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 7/1/2023. Please do not save the template to your desktop, always pull a new one from the website. A PowerPoint Training for Income Calculation can be found here.

Access Program Fact Sheets

Provides a detailed look at all program information for each Access Program.

IHDA HFA Loan Delivery Checklist

Lists required documents to be uploaded MITAS; mirrors U.S. Bank HFA Division checklist and includes IHDA specific requirements, such as 3 years tax returns, IHDA documents, etc. NOTE: This checklist contains fillable fields.  Please download the file to your desktop from the website for each use and use Adobe Reader to fill out the form.

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Access 4% Forgivable Combined Doc Set

Access 4% Forgivable – 1stMortgage with Down Payment Assistance (DPA) for first time or non first-time homebuyers throughout Illinois. Please download the file to your desktop from the website for each use and use Adobe Reader to fill out the form.


Access 5% Deferred Combined Document Set

Access 5% Deferred – 1stMortgage with Down Payment Assistance (DPA) for first time or non first-time homebuyers throughout Illinois. Please download the file to your desktop from the website for each use and use Adobe Reader to fill out the form.


Access 10% Repayable Combined Document Set

Access 10% Repayable – 1stMortgage with Down Payment Assistance (DPA) for first time or non first-time homebuyers throughout Illinois. Please download the file to your desktop from the website for each use and use Adobe Reader to fill out the form.


Homeownership Income Calculator Effective 7/1/2024

The Income Calculator used to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 7/1/2024. Please do not save the template to your desktop, always pull a new one from the website. A PowerPoint Training for Income Calculation can be found here.

Homeownership Income Calculator Effective 7/1/2023

The Income Calculator used to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 7/1/2023. Please do not save the template to your desktop, always pull a new one from the website. A PowerPoint Training for Income Calculation can be found here.

CLOSED FOR NEW LOCKS AS OF 5/21/2021

SmartBuy Program Fact Sheet

Provides a detailed look at all program information for the SmartBuy program.

IHDA HFA Loan Delivery Checklist

Lists required documents to be uploaded MITAS; mirrors U.S. Bank HFA Division checklist and includes IHDA specific requirements, such as 3 years tax returns, IHDA documents, etc. NOTE: This checklist contains fillable fields.  Please download the file to your desktop from the website for each use and use Adobe Reader to fill out the form.

SmartBuy Pre and Post Close Doc Sets

SmartBuy – 1stMortgage with Down Payment Assistance (DPA) for first time or non first-time homebuyers throughout Illinois. Please download the file to your desktop from the website for each use and use Adobe Reader to fill out the forms.

Homeownership Income Calculator Effective 7/1/2024

The Income Calculator used to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 7/1/2024. Please do not save the template to your desktop, always pull a new one from the website. A PowerPoint Training for Income Calculation can be found here.

Homeownership Income Calculator Effective 7/1/2023

The Income Calculator used to calculate Compliance Income for IHDA’s Homeownership Programs. This calculator must be used on any loan reserved on or after 7/1/2023. Please do not save the template to your desktop, always pull a new one from the website. A PowerPoint Training for Income Calculation can be found here.