IHDA 1st Home Illinois Program

Illinois Housing Development Authority

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers in Illinois purchasing in eligible areas. Provides a forgivable 30-year second mortgage to be used for down payment and/or closing costs, paired with a low-interest first mortgage.

Down payment assistance amount, forgivable over 30 years

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Up to $10,000 down payment assistance
  • For first-time homebuyers in Illinois
  • Income limits vary by county (up to 120% AMI)
  • Forgivable 30-year second mortgage
  • Must complete homebuyer education

How to Apply

A grant-savvy contractor in Danville, IL can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Year-round program availability

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Danville, IL

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

See All Programs