Illinois IHDAccess Deferred Checklist

A step-by-step checklist for consumers applying for the Illinois IHDAccess Deferred Program in 2025.

Confirm Your Eligibility

Ensure your household income falls within the program’s limits, which vary based on county and family size.
Verify that your credit score meets the program’s minimum requirement, typically 640 or higher. Additional requirements may be clarified by your assigned Loan Officer.
Confirm that the property you plan to purchase is within the program’s price limits and will serve as your primary residence.
Check if you meet any additional eligibility criteria, such as being a first-time homebuyer or purchasing in a targeted area.

Collect proof of income, such as recent pay stubs, W-2 forms, or other verification of earnings.
Gather your tax returns for the past two years, including all schedules and attachments.
Obtain recent bank statements for the last two to three months for all financial accounts.
Prepare property details, including the address, purchase agreement, and sale price.
Compile any additional documents requested by your Loan Officer, such as verification of debts, liabilities, or proof of assets.

Your assigned Loan Officer will assist you throughout the Illinois IHDAccess Deferred Program application process.
Schedule a meeting or phone call with your Loan Officer to confirm eligibility, review program details, and outline the steps needed to complete your application.
Ask questions about the program benefits, required documentation, or application timelines.
Follow your Loan Officer’s guidance to gather and submit all required materials accurately and on time.

Collaborate with your Loan Officer to accurately complete your application for the IHDAccess Deferred Program.
Submit all required documents to verify your eligibility for the program.
Review your application thoroughly with your Loan Officer to ensure all information is complete and error-free before submission.
If necessary, attend a homebuyer education course to fulfill program requirements.

Sign all required documents provided by your Loan Officer to secure your participation in the program.
Prepare for any additional costs not included in the program assistance, such as closing fees or prepaid items.
Receive confirmation of your enrollment and detailed instructions on how the assistance will be applied to your down payment or closing costs.

Ensure that the purchased property remains your primary residence for the duration specified by the program guidelines.
Notify your Loan Officer immediately if you plan to sell, refinance, or make changes to your mortgage, as these actions may impact your program benefits.
Stay updated on program requirements or changes to maintain compliance and retain your assistance benefits.