Getting a 1st HomeIllinois Loan

< IHDA Home


The 1st Home Illinois mortgage is a safe, 30-year, fixed rate mortgage. That means your interest rate will never change. Are you concerned about saving for the down payment? 1st Home Illinois offers a $7,500 down payment assistance grant. Your contribution is limited to $1,000 or 1 percent of the purchase price, whichever is greater. So for as little as $1,000 out of pocket, you can get into your new home.


1st HomeIllinois Offers

  • $7,500 cash assistance for down payment and closing costs
  • 30-year, fixed-rate mortgage with a competitive interest rate
  • Choice of FHA, VA, USDA or Conventional loan type


  • Must be purchasing a one or two unit property in Boone, Cook, DeKalb, Fulton, Kane, Marion, McHenry, St. Clair, Will or Winnebago counties
  • First-time homebuyer or anyone who has not owned a home in the last three years (Veterans are exempt) in one of the above 10 counties
  • Contribute $1,000 or 1 percent of the purchase price, whichever is greater
  • Meet the income and purchase price limits
  • Meet the credit requirements
  • Live in the home as primary residence
  • Complete homeownership counseling (online and in-person options available)
  • Property must be an existing residential dwelling (new construction excluded)


Ready to get started? Contact the First Northern Credit Union Mortgage Team and they will guide you through the quick and easy process. Funds are limited so act now!

(888) 328-8677, extension 505 |


Have additional questions?  Visit the FAQ page of the @HomeIllinois website.