Illinois Dream Fund Down Payment Assistance

Illinois Housing Development Authority

Available Down Payment

About This Program

Forgivable loan to assist first-time homebuyers with down payment and closing costs in Illinois. Loan is forgiven after 10 years of owner-occupancy. Must be used with IHDA-approved mortgage and complete homebuyer education.

Forgivable loan, no repayment if residency maintained for 10 years

Key Details

  • Up to $10,000 forgivable loan for down payment
  • Must be first-time homebuyer
  • Income up to area median income limits
  • Homebuyer education required
  • Forgiven after 10 years of owner-occupancy

How to Apply

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

Deadline: Ongoing program, subject to fund availability

Need a Contractor for This Grant?

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

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