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Get Matched Free →City of Peoria Down Payment Assistance Program
Funding status: Active
How much assistance
Up to $5,000 or 10% of purchase price
0% forgivable loan; fully forgiven if homebuyer lives in the home for at least two years after closing.
Eligibility
- Income limits: Income-eligible households (typically at or below 80% AMI — confirm current limits with the City of Peoria).
- Purchase price limit: $125,000
- First-time buyer required: Yes — Has not owned a home in the past three years.
- Geographic restrictions: Home must be within a HUD Qualifying Census Tract in the City of Peoria, IL.
- Homebuyer education required: Yes
How to Apply for City of Peoria Down Payment Assistance Program
Contact the City of Peoria Community Development Department to confirm property eligibility (Qualifying Census Tract) and request an application. Complete HUD-approved homebuyer education, get pre-approved with a participating lender, and submit the combined application before closing.
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