Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium)
Deferred second loan · New construction · Income limits
Down payment assistance · Kane County
Buying a home in Montgomery, IL
1 county program and 7 statewide.Montgomery has no program of its own, 1 across Kane 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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What’s local to Montgomery
No program of Montgomery’s own yet
No program run for Montgomery alone is listed. A home in Montgomery can use Kane County’s programs below, plus the Illinois statewide and federal ones.
The closest city that runs its own program is Aurora, about 2 miles away. City programs usually require the home to be inside that city’s limits.
Anywhere in KaneAnywhere in Kane County
1 county program1 county program a Montgomery homebuyer can use
1 more program is for homes in Aurora. See them 1 program in neighboring cities — for homes inside those cities, not Montgomery
- Aurora — The Neighbor Project Closing the Gap Homeownership Grant
The Montgomery marketThe Montgomery housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Montgomery
- 71.7% single-familysingle-family
- 16.7% townhousetownhouse
- 3.2% 2–4 units2–4 units
- 7.5% 5+ unitscondo & apartment buildings (5+ units)
- 0.9% mobile & othermobile home & other
Condos count. Montgomery’s one local program accepts condos.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Montgomery’s homes were built
pre-19401970s2020+
19.8%
of Montgomery 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.
$121,500
County area median income, 4 people (HUD)HUD area median income, Kane County, 4-person household (2026)
$103,734
Montgomery median household incomeMedian household income in Montgomery (Census, 2024)
13 of the 70 programs here set their income limit as a share of Kane County’s area median income, adjusted for household size. See the published limits for Kane County
Free help nearbyFree help near Montgomery
2 HUD-approved counseling agencies within 15 miles2 HUD-approved housing counseling agencies within 15 miles
Montgomery’s program asks for a homebuyer class first. Create a free account to see who’s near you and pick one.Kane County First-Time Homebuyer Deferred Loan Program (Kane-Elgin HOME Consortium) asks 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
Montgomery questions
Does Montgomery have its own down payment program?
No program run for Montgomery alone is listed. A home in Montgomery can use the 1 program that cover Kane County and the 7 statewide programs. Each program’s own site has the current terms.
Can I use assistance on a condo in Montgomery?
Montgomery’s one local program accepts 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 Kane County?
Each program sets its own. 13 of the programs here set theirs as a share of HUD’s area median income for Kane 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 Montgomery?
HUD-approved housing counseling agencies teach homebuyer classes, and 2 agencies are within 15 miles of Montgomery. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
60538
Nearby in Kane
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.