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Get Matched Free →Kane-Elgin HOME Consortium First-Time Homebuyer Program
Funding status: Active
How much assistance
0% interest deferred second mortgage. Repaid at sale, title transfer, or when borrower moves.
Eligibility
- Income limits: Must not exceed federal HOME income limits for Kane County. Income-eligible first-time homebuyers.
- First-time buyer required: Yes — Has not owned a home in the past 3 years.
- Geographic restrictions: Kane-Elgin Consortium Area: includes all of the City of Elgin (including the Cook County portion), all of Kane County except Aurora and the Villages of Hampshire, Huntley, Hoffman Estates, and Montgomery, plus the Village of Maple Park and the City of St. Charles. Applicant must live or work in the Consortium Area for at least 1 year prior to application.
- Homebuyer education required: Yes
How to Apply for Kane-Elgin HOME Consortium First-Time Homebuyer Program
Apply through the Kane County Office of Community Reinvestment. Complete a free HUD-approved homebuyer counseling course. Contribute at least 1% of the purchase price from personal funds. Obtain pre-approval through a participating lender.
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