Forgivable loan
Homeownership Program
Income limits · Single-family detached · Townhome · Condominium
Down payment assistance · Madison County
Buying a home in Alton, IL
1 Alton program, 1 county program and 7 statewide.Alton has 1 program of its own, 1 more across Madison County, and 7 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Only for Alton addresses
Alton’s own program
Anywhere in MadisonAnywhere in Madison County
1 county program1 county program a Alton homebuyer can also use
1 more program is for homes in Collinsville. See them 1 program in neighboring cities — for homes inside those cities, not Alton
- Collinsville — First Time Homebuyer Program
The Alton marketThe Alton housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Alton
- 75.3% single-familysingle-family
- 2% townhousetownhouse
- 10.1% 2–4 units2–4 units
- 9.8% 5+ unitscondo & apartment buildings (5+ units)
- 2.8% mobile & othermobile home & other
Condos count. All 2 of Alton’s local and county programs accept condos.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Alton’s homes were built
pre-19401970s2020+
84.6%
of Alton homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$113,500
County area median income, 4 people (HUD)HUD area median income, Madison County, 4-person household (2026)
$54,568
Alton median household incomeMedian household income in Alton (Census, 2024)
14 of the 71 programs here set their income limit as a share of Madison County’s area median income, adjusted for household size. See the published limits for Madison County
Free help nearbyFree help near Alton
3 HUD-approved counseling agencies within 15 miles3 HUD-approved housing counseling agencies within 15 miles
2 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.All 2 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across Illinois and nationwide
69 statewide & federal programs7 statewide programs, plus federal options
Alton questions
Does Alton have its own down payment program?
Yes, one: Homeownership Program, a forgivable loan (forgiven over 5 yrs, income limits). It is for homes inside Alton.
Can I use assistance on a condo in Alton?
All 2 of Alton’s local and county programs accept condos. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Madison County?
Each program sets its own. 14 of the programs here set theirs as a share of HUD’s area median income for Madison County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Alton?
HUD-approved housing counseling agencies teach homebuyer classes, and 3 agencies are within 15 miles of Alton. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
62002
Nearby in Madison
Sources
Sources: agency sites (June–September 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (June–September 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.