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.
Guide to Home Ownership 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 |
Regions Bank 1304 E Empire St Bloomington, IL 61701 (309) 663-1311 |
| 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 |
Soy Capital Bank 2306 E Washington St Bloomington, IL 61701 (309) 665-0970 |
| Busey Bank 909 W Kirby Ave Champaign, IL 61821 (217) 326-5241 |
FreeStar Bank 1 Brickyard Dr Bloomington, IL 61704 (309) 661-9993 |
State Bank of Graymont 1100 W Howard St Pontiac, IL 61764 (815) 844-4433 |
| 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 Farm Bank One State Farm Plaza Bloomington, IL 61710 (309) 735-2162 |
| Chase Bank 2404 E Oakland Ave Bloomington, IL 61704 (309) 433-9554 |
Heartland Bank & Trust 401 N Hershey Rd Bloomington, IL 61704 (309) 662-4444 |
US Bank 1702 Eastland Dr. Bloomington, Il 61704 |
| First State Bank 204 N Prospect Bloomington, IL 61704 (309) 662-0411 |
Mortgage Services III 501 N Hershey Rd Bloomington, IL 61704 (309) 664-9100 |
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 |
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 |
