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First Time Homebuyer Program

Up to $5,000 toward a down payment in IL.

Location
IL
Type
Forgivable assistance
Max assistance
$5,000
Income limit
$109,000
First-time buyer
Required
Property types
Single family, Townhouse, Condo

The City of Collinsville First Time Homebuyer Program, administered by the Community Development Department, provides income-based down payment assistance of up to $5,000 to first-time homebuyers purchasing a primary residence within the City of Collinsville corporate limits. Funded through CDBG/HOME, the assistance is structured as a 5-year forgivable second-mortgage loan; required buyer contribution is set on a graduated scale based on Median Area Income (MAI) tier.

Learn this program

Short reads on how it works, in plain language. Free, no sign-up needed to read.

Free course from Hey Prescott

First Time Homebuyer Program, explained

A short, free course on First Time Homebuyer Program: what it is, who it is for, how it is forgiven, where it applies and how to apply. Based on program data from July 2026. About ten minutes.

5 modules · About 10 minutes

Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.