Illinois program
Illinois route through Cook County Bureau of Economic Development. Use this page to confirm the core public facts first, then decide whether you need deeper comparison output and lender-call prep.
Use carefully
This page stays public because the official structure is still useful, but these details should not be flattened into fake certainty.
The county still publishes the structure and eligibility rules, but the official service page says the reopened program is currently out of funds and not accepting new applications.
Decision-ready public facts
Quick answer from published facts. Go to Illinois program hub
Subsidies equal to 5 percent of the home's sale price, up to $25,000, for down payment, closing costs, or mortgage buydowns.
Forgivable second loan
Cook County's June 2025 official news release says the assistance is provided as a forgivable second loan over a five-year term. The main service page currently warns that the program is out of funds and not accepting new applications.
Not required
Program guide
Use the public facts first. Open the official source when a detail affects eligibility, repayment, or lender choice.
First-time homebuyers buying in Cook County, Repeat homebuyers buying in Cook County, Households earning up to 120 percent of Cook County AMI, Households buying in Disproportionately Impacted Areas or Qualified Census Tracts, where the county says no income limit applies
Subsidies equal to 5 percent of the home's sale price, up to $25,000, for down payment, closing costs, or mortgage buydowns.
Cook County's June 2025 official news release says the assistance is provided as a forgivable second loan over a five-year term. The main service page currently warns that the program is out of funds and not accepting new applications.
Watch the Cook County service page for funding re-openings, then apply through the county's Club 720 intake path with a participating lender and complete homebuyer education before closing if you are a first-time buyer.
The current Cook County service page says the program reopened in June 2025, is currently out of funds, and provides subsidies equal to 5 percent of the home's sale price up to $25,000. The June 2025 Cook County Board release says the assistance is structured as a forgivable second loan over a five-year term.
2026-04-19
reopened June 2025; currently out of funds as of 2026-04-19
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Comparison preview
Amount: Subsidies equal to 5 percent of the home's sale price, up to $25,000, for down payment, closing costs, or mortgage buydowns.
Repayment: Cook County's June 2025 official news release says the assistance is provided as a forgivable second loan over a five-year term. The main service page currently warns that the program is out of funds and not accepting new applications.
First-time buyer: Not required
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Paid research preview
Paid research already tracks city and county programs, specialty and conditional paths for Illinois.
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1 tracked
City and county down payment or closing-cost programs that never make it into the free statewide layer.
1 tracked
Conditional, paused, or specialty paths worth checking before you assume the state is a dead end.
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