The Illinois HOME START Loan Program

Through HOME START, qualified buyers can obtain a tax credit advance loan of up to $6,000 or 3.5 percent of the purchase price, whichever is greater. Homebuyers can repay the loan when they receive their tax credit refund. If not repaid by June 30, 2010, it will be converted to a second mortgage. IHDA is expected to release more details on HOME START soon and plans to offer informational webinars for REALTORS®. Stay tuned for more details.