HOME PURCHASE ASSISTANCE

FOR THE FIRST TIME HOME BUYER

PEORIA, ILLINOIS

The City of Peoria, the State of Illinois, the Federal Government, and private agencies have numerous programs to help people buy their first home. A low and moderate income person or family could be eligible for down payment assistance from 10,000 to $20,000, a Federal tax credit of $7,500, a low interest loan, and up to $20,000 to help rehabilitate a home. A person of any income level can get the Federal Tax Credit.

Income Limits 2008 For the Rehab Program - Some Programs Differ

1 person - $35,550; 2 - $40,550, 3 - $45,650, 4 - $50,700, 5 - $54,750, 6 - $58,800

http://www.federalhousingtaxcredit.com/

http://movetopeoria.blogspot.com/

http://cityofpeoria.blogspot.com/search?q=home+purchase

http://buseybank.com/mortgagelend.asp

For development and management of residential rehabilitation programs in community development areas, including loans and grants, contact Neighborhood Development, Twin Towers, Room 402, 494-8656.

For Mortgages, IDHA Trust, and FHLB Grants, call any local bank. Peoria County has developed a list of banks knowledgeable about some of the programs:

http://www.peoriacounty.org/planningAndZoning/firstHome/?&q=first+time+home