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City of Bloomington Homebuyer Mortgage Assistance (HMA)

Administered by: City of Bloomington Community Impact and Enhancement Department · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $10,500 (Forgivable Loan)

0% interest, no monthly payments; forgivable after continued owner-occupancy. Current cohort forgiveness runs through January 1, 2027 — confirm active terms with the City.

Eligibility

  • Income limits: Income-eligible households — confirm current limits with the City of Bloomington.
  • First-time buyer required: No
  • Geographic restrictions: Single-family (attached or detached), townhome, or condominium located within City of Bloomington, IL city limits. Must occupy as primary residence within 30 days of closing.
  • Homebuyer education required: Yes

How to Apply for City of Bloomington Homebuyer Mortgage Assistance (HMA)

Step 1: Contact the City of Bloomington Community Impact and Enhancement Department to confirm current funding and apply. Complete HUD-approved homebuyer education and work with an IHDA-participating lender if layering state assistance.

Visit program website

Notes

Funded with CDBG/HOME dollars. Verify current funding availability and forgiveness end date with the City before making an offer.

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