Kane County First-Time Homebuyer Program

Offered by the Kane-Elgin HOME Consortium, this DPA program has as much as $10,000 to help eligible applicants with their down payment and closing costs. This is a second mortgage with 0% interest and deferred payments. This loan becomes due when the property is sold, transferred, or when the borrower stops using it as their primary residence.

Only first-time homebuyers who have not owned a house in the previous three years can apply.

As of 2022, applicants must fall with a total annual household income less than 80% of the area median income. These numbers are below:

  • 1 person household: $52,200
  • 2 person household: $59,650
  • 3 person household: $67,100
  • 4 person household: $74,550
  • 5 person household: $80,550
  • 6 person household: $86,500
  • 7 person household: $92,450
  • 8 person household: $98,450

Applicants must have been living in Kane county for a minimum of one year in order to be eligible.

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