IHD Access Repayable
The IHD Access Repayable program provides a loan for up to 10% of the purchase price (with a maximum cap of $10,000) to help with your down payment and closing costs. Unlike the Access Forgivable and Access Deferred programs, this loan requires repayment, but it does offer a higher assistance limit. Home buyers with the financial capacity to handle regular payments but needing help with the upfront costs of purchasing a home will find this program particularly beneficial.
Learn more at the Illinois Housing Development Authority’s website. And consult HUD’s list1 of alternative programs in Illinois.