Illinois · Forgivable loan

IHDAccess Forgivable

$6,000

4% of price up to $6,000. Forgiven monthly over 10 years — a gift that never has to be repaid.

IHDAccess Forgivable provides DPA as a forgivable second mortgage. Meet the occupancy requirements and the full amount becomes a gift — no repayment required. The program rewards long-term homeownership in Illinois communities.

Amount$6,000

TypeForgivable loan

Available inIllinois

First-time buyer requiredNo

Minimum credit score640

Multi-unit eligibleYes — 1-4 units

House-hack eligible

Available to repeat buyers. Forgiven over 10 years — true free money.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

IHDAccess Home (NEW 2026) $15,000

Illinois · Deferred 0% loan

IHDAccess Deferred $7,500

Illinois · Deferred 0% loan

IHDAccess Repayable $10,000

Illinois · 0% interest loan

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