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Program name: Central Illinois Coalition for Affordable Housing
Down payment grants financed through the Illinois Housing Development Authority Trust Fund
"Your Link to Home Ownership"
The Illinois Housing Development Authority has awarded Mid Central Community Action, Inc. (MCCA) with funds to provide down payment and closing cost assistance to residents in McLean and Livingston Counties. The assistance is in the form of a five year forgivable loan. Applicants must meet HUD income eligibility requirements and qualify for a loan from a participating lender. Participating lenders and realtors are members of the Central Illinois Coalition for Affordable Housing.
Down Payment Assistance Brochure(PDF)
Home Buyer Education Brochure(PDF)
Who is eligible?
Any individual who is qualified based on the general program guidelines and is a first time home buyer within McLean, Livingston, DeWitt or Woodford Counties.
General Requirements
- Meet the income guidelines
- Be a first time home buyer
- Contribute $1000.00 to the purchase of the home
- The property must be within McLean, Livingston, DeWitt or Woodford Counties
- The property must be a single family dwelling
Email: Down Payment Assistance Coordinator
Income Guidelines for 2009
(subject to change)
Maximum Annual Gross Income
|
Household Size |
McLean |
Livingston |
Dewitt |
Woodford |
1 |
$42,300 |
$34,600 |
$36,250 |
$36,850 |
2 |
$48,300 |
$39,550 |
$41,400 |
$42,100 |
3 |
$54,350 |
$44,500 |
$46,600 |
$47,400 |
4 |
$60,400 |
$49,450 |
$51,750 |
$52,650 |
5 |
$65,250 |
53,400 |
$55,900 |
$56,850 |
6 |
$70,050 |
$57,350 |
$60,050 |
$61,050 |
7 |
$74,900 |
$61,300 |
$64,200 |
$65,300 |
8 |
$79,750 |
$65,250 |
$68,300 |
$69,500 |
How do you apply?
The first step is to contact a participating lender and set up an appointment to be pre-qualified or pre-approved for a loan. At that time, you need to let them know you are interested in information about the Affordable Housing Coalition.
The lender will give you information about the program and determine if you meet the income requirements. They will then prepare the required documents for the Coalition.
When you are ready to purchase a home, we suggest making an offer contingent upon the approval of down payment assistance from the Central Illinois Coalition for Affordable Housing.
Participating Lenders
Bank of Illinois
102 W College Ave
Normal, IL
(309) 451-2121 |
First Farmers State Bank
4001 GE Rd
Bloomington, IL 61701
(309) 663-6200
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Mortgage Services III
501 N Hershey Rd
Bloomington, IL 61704
(309) 664-9100 |
Bank of Pontiac
300 W Main St
Pontiac, IL 61764
(815) 844-6155 |
Flanagan State Bank
2401 E. Washington St.
Bloomington, Il 61704
{309) 661-6333 |
Regions Bank
1304 E Empire St
Bloomington, IL 61701
(309) 663-1311 |
Busey Bank
909 W Kirby Ave
Champaign, IL 61821
(217) 326-5241
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FreeStar Bank
1 Brickyard Dr
Bloomington, IL 61704
(309) 661-9993 |
Soy Capital Bank
2306 E Washington St
Bloomington, IL 61701
(309) 665-0970 |
CEFCU
PO Box 1715
Peoria, Il 61656-1715
(800) 633-7077 |
GSF Mortgage Corporation
411 Hamilton St, Ste 118
Peoria, IL 61602
(309)268-0551 |
State Bank of Graymont
1100 W Howard St
Pontiac, IL 61764
(815) 844-4433
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Chase Bank
2404 E Oakland Ave
Bloomington, IL 61704
(309) 433-9554
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Heartland Bank & Trust
401 N Hershey Rd
Bloomington, IL 61704
(309) 662-4444 |
State Farm Bank
One State Farm Plaza
Bloomington, IL 61710
(309) 735-2162 |
First State Bank
204 N Prospect
Bloomington, IL 61704
(309) 662-0411 |
MCCA
1301 W. Washington St
Bloomington, IL 61701
(309) 834 9242 |
US Bank
1702 Eastland Dr.
Bloomington, Il 61704 |
Participating Realtors
BN-Realty.com
2409 E Washington St, Ste B
Bloomington, IL 61704
(309) 664-4455 |
DA Moore Realty
1617 E Oakland Ave
Bloomington, IL 61701
(309) 261-1685 |
Panno Realty
307 E Water St
Pontiac, IL 61764
(815) 844-6771 |
Bullard Realty
112 W Tremont
Odell, IL 60461
(815) 998-1000 |
Denbesten Realty
PO Box 72
Bloomington, IL 61702
(309) 662-4228 |
Prudential Snyder
1 Brickyard Dr
Bloomington, IL 61701
(309) 663-7653 |
Century 21 Realty
1236 E Empire St
Bloomington, IL 61701
(309) 828-3311 |
Fehr Real Estate
210 W Oak St
Fairbury, IL 61739
(815) 692-2334 |
Openthehome.com
407 Florence St.
Bloomington, IL 61701
(309) 275-3182 |
Coldwell Banker HOA Realtors
405 N Hershey Rd
Bloomington, IL 61704
(309) 662-9333 |
Keller Williams
2206 Eastland Dr, Ste 101
Bloomington, IL 61701
(309) 585-0500
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Re/Max Choice
2203 Eastland Dr, Ste 1
Bloomington, IL 61704
(309) 664-8571 |
Crowne Realty
112 Boeykens Place, Suite 3A
Normal, IL 61701
(309) 287-6160 |
Louis Lyons Realty
318 W Madison St
Pontiac, IL 61764
(815) 824-1400 |
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