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Get Matched Free →City of Decatur Homebuyer Assistance Program
Funding status: Active
How much assistance
Up to $14,999
0% interest, 5-year deferred forgivable loan. Fully forgiven after five years of owner-occupancy.
Eligibility
- Income limits: At or below 80% HUD Area Median Income. Non-retirement assets must not exceed $50,000.
- Purchase price limit: $117,800
- First-time buyer required: No
- Geographic restrictions: Single-family detached home within the City of Decatur, IL city limits. Purchase price between $25,000 and $117,800.
- Homebuyer education required: Yes
How to Apply for City of Decatur Homebuyer Assistance Program
Secure a signed purchase contract, complete HUD-approved homebuyer counseling and a City-approved property maintenance course, obtain mortgage pre-approval from Heartland Bank & Trust, Regions Bank, or Busey Bank, and apply to the City of Decatur Neighborhood Revitalization office.
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