Are you thinking of purchasing your first home in Madison County, Illinois?  If your answer is yes, then there may be down payment assistance to help you get into your new home.

How the program works;

• Madison County Community Development will provide a portion of the minimum down payment and closing costs.
• Total maximum of assistance provided shall be $5,000 for households at or below 50% or median income, or $3,000 for households at or below 80% of median income.
• Financial assistance will be offered in the form of a forgivable loan. 
• Property being purchased can be an existing or newly constructed home.
• Property can be either a detached single family dwelling or condominium.
• Maximum value of the property being purchased must not exceed the program limit of $161,500

You must have one year clean credit to qualify and two years of steady income.

Please email me if you have any questions on the program.  I can be reached at Tino.Muratore@gmail.com.

If you are considering purchasing a home in a different part of Illinois, please contact me to see if there is a special program available to you in that community.

Thank you!