IHDA (Illinois Housing Development Authority) at ihda.org administers the Access Mortgage program, Opening Doors grant, and Mortgage Credit Certificates for qualifying Illinois buyers.

What is IHDA's Access program?

The IHDA Access programs pair a 30-year fixed first mortgage with a forgivable DPA grant — no repayment required if you remain in the home for the required period. Verify terms at ihda.org.

What is a Mortgage Credit Certificate (MCC)?

An MCC from IHDA gives qualifying buyers a federal income tax credit equal to a percentage of annual mortgage interest paid — reducing federal tax liability over the life of the loan. It can be combined with IHDA mortgage programs.

How do Illinois property taxes affect mortgage affordability?

Illinois property tax rates are among the highest nationally. Lenders calculate total PITI (principal + interest + taxes + insurance) for debt-to-income purposes — high property taxes reduce the loan amount you qualify for.

Where can I find a HUD counselor in Illinois?

HUD lists approved housing counselors at hud.gov/states/illinois.

Mortgages in Illinois

Illinois's housing market splits sharply: Chicago and its inner suburbs are competitive and can exceed conforming limits in some neighborhoods. Downstate Illinois offers very affordable median prices. The state's property tax rates are among the highest nationally — a meaningful ongoing homeownership cost.

More Illinois guides

Personal Loans in Illinois Auto Insurance in Illinois Homeowners Insurance in Illinois Renters Insurance in Illinois Auto Loans in Illinois Student Loans in Illinois Life Insurance in Illinois High-Yield Savings in Illinois

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