Friday, December 5, 2008

HOME PURCHASE ASSISTANCE
FOR THE FIRST TIME HOME BUYER
PEORIA, ILLINOIS

The City of Peoria, the State of Illinois, the Federal Government, and private agencies have numerous programs to help people buy their first home. A low and moderate income person or family could be eligible for down payment assistance of up to $20,000, a Federal tax credit of $7,500, a low interest loan, and up to $20,000 to help rehabilitate a home. A person of any income level can get the Federal Tax Credit.

Income Limits 2008 for Rehab Program – Some programs have different limits

1 person - $35,550; 2 - $40,550, 3 - $45,650, 4 - $50,700, 5 - $54,750, 6 - $58,800

http://www.federalhousingtaxcredit.com/

For assistance with City of Peoria down payment assistance and residential rehabilitation programs, contact Neighborhood Development, Twin Towers, Room 402, 494-8656.

For Mortgages, IDHA Trust, and FHLB Grants, call Karen Scott at Busey Bank 309 683 2305.

1 comment:

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