If you’re applying for your first mortgage, you may be eligible for a grant of up to $6,000 through the Federal Home Loan Bank of Chicago (FHLB). The subsidy may be used for down payment and closing cost assistance, home buyer education costs (up to $700), and/or eligible rehabilitation costs associated with the purchase of a home. This Downpayment Plus grant will be provided by INB at the closing.

To be eligible, you must meet income and eligibility requirements, including:

  • Your total household income may not exceed 80 percent of the area median income (based on income guidelines published annually by the U.S. Department of Housing and Human Development (HUD).
  • You must contribute at least $1,000 toward the home purchase.
  • You must attend pre-purchase home buyer counseling to ensure you understand the buying process as well as ownership responsibilities.
  • You must use the home as your primary residence.
  • You must sign a five-year retention agreement and agree to a lien on the property for the amount of the DPP grant. DPP grants are forgiven over a period of five years (1/60th per full month). In the event of property sale or removal of the  Affordable Housing Program (AHP) lien prior to the end of the 5-year retention period, the homebuyer(s) must repay a pro rata of the grant.
  • You must meet INB's loan underwriting criteria.

Funds for this program are limited and will be awarded on a first-come, first-served basis until the funds are depleted. To find out if you’re eligible for a DPP subsidy, contact your Stacy Borho (NMLS #689948) at sborho@illinoisnationalbank.com or  309-303-1542

Below is list of homes for sale in the area that may be a good fit for first time home buyers looking to utilize this downpayment program.  For help in finding your first home, contact Jessica Ball - Your Local, Trusted Realtor with RE/MAX Traders Unlimted.  *This list of homes include single family homes priced between $50K and $130K, to see other homes please use the search functions, more info on the grant can be found at INBs site - https://www.illinoisnationalbank.com/loans/mortgages/downpayment-plus-program/


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You'll love the gorgeous hardwood floor as you enter this wonderful 3 bedroom home! It features an oversized eat-in kitchen and main floor master bedroom. The second main floor bedroom...
  • 3 Beds
  • 1 Baths
  • 1,721 sq ft
  • 6,160 lot
  • $89,900
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Expect to be impressed with this Meticulously Maintained Home! 2 Bedroom 2 Bath Ranch w Full Basement in Jerome! Professional landscaping provides great curb appeal along with a beautifully maintained...
  • 2 Beds
  • 2 Baths
  • 1,140 sq ft
  • 13,200 lot
  • $120,000
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  • 4 Beds
  • 2 Baths
  • 1,731 sq ft
  • 6,150 lot
  • $79,900
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TRULY ADORABLE 2 Bedroom Bungalow, 2 car garage, beautifully landscaped fenced backyard. So many updates that it is hard to list them all! Per Seller: Waterproofed basement - 2016. ,...
  • 2 Beds
  • 1 Baths
  • 1,096 sq ft
  • 7,250 lot
  • $125,000
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Updated kitchen w/hickory cabinets, tile back splash, pantry, breakfast bar and eat in kitchen area. Large master bedroom, 2nd bedroom and living room that could be made into 3rd main...
  • 3 Beds
  • 2 Baths
  • 1,480 sq ft
  • 6,669 lot
  • $119,900
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Cute 3 bedroom, 1 bath with finished bedroom upstairs and bonus space upstairs. All appliances stay but not warranted. Great first time home or good rental home.
  • 3 Beds
  • 1 Baths
  • 1,298 sq ft
  • 5,227 lot
  • $62,000
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Updates include roof, drywall, entire house has been rewired, HVAC, removed interior walls, recessed lighting, refaced fireplace, smart house network, kitchen remodel, bathroom remodel, windows, flooring, lighting & fresh paint!...
  • 2 Beds
  • 1 Baths
  • 972 sq ft
  • 7,405 lot
  • $99,900
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4-bedroom, 2 bath income property near Bergen Park. Currently rents for $700/month. Lease expires in December.
  • 4 Beds
  • 2 Baths
  • 1,259 sq ft
  • 3,000 lot
  • $82,000
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Don't miss this well maintained, move in ready 3 bedroom home with possible 4 bedroom or office in basement. Main floor hallway and bedrooms have original hardwood floors, full bath...
  • 3 Beds
  • 2 Baths
  • 912 sq ft
  • 7,638 lot
  • $94,900
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New, new, new! This great molette in the heart of Moline has everything you need. On the exterior you will find newer roof and siding, and refreshed landscaping with new...
  • 3 Beds
  • 1 Baths
  • 936 sq ft
  • -- lot
  • $86,500
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Located in an established subdivision and Johnston City School District, this beautiful home is one you have to see. New kitchen cabinets, new appliances, newer roof, newer windows, newer furnace,...
  • 3 Beds
  • 1 Baths
  • 1,450 sq ft
  • 11,400 lot
  • $113,000
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3 bedroom, 2 bath home offering main floor laundry with a second bathroom. A Large master bedroom with a welcoming walk-in closet! Large attached 2.5 car garage and 1 year...
  • 3 Beds
  • 2 Baths
  • 1,822 sq ft
  • 4,792 lot
  • $114,900
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this 2 bedroom home features a large living/dining combo that leads to the kitchen. Hardwood floors and some natural woodwork in main living area. Basement also has a 3/4 bath...
  • 2 Beds
  • 2 Baths
  • 936 sq ft
  • 9,148 lot
  • $59,900
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Are you looking for a lot of room for a little money? If so, here's your new home. This house has over 1700 square feet with 3 bedrooms and 2.5...
  • 3 Beds
  • 3 Baths
  • 1,716 sq ft
  • 8,400 lot
  • $89,000
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Close to the East Village, this home features 3 bedrooms and 1bath. Privacy fenced yard. Newer vinyl windows. Good sized living and dining room, Laundry hookups in bath.
  • 3 Beds
  • 1 Baths
  • 1,046 sq ft
  • 5,100 lot
  • $79,900
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Need space? Take a look at this 2 bedroom 2 story home in a charming west end neighborhood. The spacious living room flows into your formal dining room which makes...
  • 3 Beds
  • 1 Baths
  • 1,444 sq ft
  • 8,835 lot
  • $73,500
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Well maintained and affordable 4 Bedroom 1 1/2 Bath home with finished, drain tiled Basement, Central Air, huge deck and spacious 2 Car Garage. Newer Replacement Windows, hardwood floors and...
  • 4 Beds
  • 2 Baths
  • 1,104 sq ft
  • 6,579 lot
  • $119,900
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Don't Rent - BUY! Check out this move in ready, super clean and freshly painted 3 bedroom Southern View home. Updated kitchen, flooring and windows. Large 2 car garage. Fenced...
  • 3 Beds
  • 1 Baths
  • 915 sq ft
  • 6,300 lot
  • $79,900
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CUTE AS A BUTTON!! This charmer is move in ready! Enter into a large living room, with built-in shelving, arched doorways, wood floors, high baseboards and crown molding. Main floor...
  • 2 Beds
  • 1 Baths
  • 780 sq ft
  • 5,663 lot
  • $59,900
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The beautiful, oversized front porch welcomes you to this well-maintained, three bed, two bath home in Rock Island. Enter through the front door and you will be greeted with beautiful...
  • 3 Beds
  • 1 Baths
  • 1,455 sq ft
  • 5,663 lot
  • $110,000
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Step right into this delightful 2 bedroom 2 bathroom home. Loads of character throughout with an arched doorway, beautiful natural woodwork, concealed hardwood floors and a laundry shoot. Showcasing a...
  • 2 Beds
  • 2 Baths
  • 960 sq ft
  • -- lot
  • $59,900
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Great Investment in Carterville! Nice bungalow on a deep lot in a quiet neighborhood! Owners started the remodel with a beautiful updated bathroom all new fixtures, tile, and claw foot...
  • 2 Beds
  • 1 Baths
  • 932 sq ft
  • 6,250 lot
  • $50,000
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Open House!
Welcome home! This is a wonderful 4 bedroom, 2 bath home that has created a lovely home for years for the current family and they're ready for someone new to...
  • 4 Beds
  • 2 Baths
  • 1,591 sq ft
  • 7,068 lot
  • $109,900
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Across from Camp Lincoln, located in a great northside community, this 3 BR, 2.0 Bath home features many updates including paint, flooring, and Appliances. The rooms are extremely large and...
  • 3 Beds
  • 2 Baths
  • 2,105 sq ft
  • 9,240 lot
  • $94,900
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Vaulted ceilings, skylight, home office or family room. If these are on your list then check out this move in ready home! Near school & physicians office. Master bedroom has...
  • 3 Beds
  • 2 Baths
  • 1,664 sq ft
  • 14,270 lot
  • $119,500
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Welcome to 3900 Stable- Condo #108. This Well Maintained & Updated 2 BR/2 BA Home is Located in a Quiet, Serene Wooded Surrounding. 1st floor Unit Overlooking Pool. It's the...
  • 2 Beds
  • 2 Baths
  • 1,200 sq ft
  • -- lot
  • $122,500
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  • 3 Beds
  • 1 Baths
  • 1,400 sq ft
  • -- lot
  • $84,900
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Well maintained 3 bedroom home near school. Spacious Formal dining room and living room with hardwood floors. per seller; new siding and soffits- porch cover, roof on house and garage...
  • 3 Beds
  • 1 Baths
  • 1,340 sq ft
  • 5,920 lot
  • $114,500
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BEAUTIFULLY REMODELED 3 BR 2.5 BATH 2 STORY HOME LOADED WITH MAJOR UPGRADES ON A DOUBLE LOT!. MECHANICALS INCLUDING PLUMBING AND WIRING REPLACED TO BACK LIKE A NEW HOME! OPEN...
  • 3 Beds
  • 3 Baths
  • 1,568 sq ft
  • 10,500 lot
  • $110,000
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Great chance for sweat equity in desirable Peoria Heights location - 1 block off Prospect. Possible 4 bedrooms. 2 full baths. Appears to have 2 newer furnaces. Main floor has...
  • 3 Beds
  • 2 Baths
  • 1,852 sq ft
  • 11,326 lot
  • $89,800
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The data relating to real estate for sale on this web site comes in part from the Internet Data Excahnge program of RMLS Alliance which contains data from Peoria Area AOR, Capital Area AOR, Egyptian BOR and Quad City Area AOR.

© Copyright 2020 RMLS Alliance, All rights reserved.

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals.

The RMLS Alliance data on this page was last updated on 9/26/20 10:35 AM PDT