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Get Matched Free →Normal Homebuyer's Down Payment Assistance Program
Funding status: Active
How much assistance
Up to $3,000
0% interest five-year forgivable loan. 20% forgiven each year of owner-occupancy; fully forgiven after 5 years.
Eligibility
- Income limits: At or below 80% of Area Median Income (HUD limits)
- First-time buyer required: No
- Geographic restrictions: Home must be located in the Town of Normal, IL.
- Homebuyer education required: No
How to Apply for Normal Homebuyer's Down Payment Assistance Program
Apply through your lending institution; all applications must be submitted to the Town by the lender. Buyer must retain a minimum of $1,000 in a bank account after down payment/closing costs are paid.
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