Goshen Realty Group is led by REALTORS Nancy Milton and Kristina Pratt. We are proud to be
RE/MAX Preferred Partners
One 157 Center
Edwardsville, IL 62025

Copyright © Goshen Realty Group, Kristina Pratt & Nancy Milton, 2007-2009. All Rights Reserved.

Did you ever wish you could find a Fairy Godmother who would swoop in with her magic with
enough money to cover some of the closing costs and other expenses that it takes to buy a
home?

Sorry to say that there's no Fairy, but there is an amazing program here in Madison County
that can give you a big boost toward owning your own home by granting a portion of your
minimum down payment and closing costs.

The grant is  administered by Madison County Community Development and it provides
$5,000 for households at or below 50% of median income, or $3,000 for households at or
below 80% of median income in the form of a forgivable loan.

To be eligible for the grant, applicants must fall within the income guidelines, have one year
of clean credit history, two years of steady income and a copy of their most recent pay stub.

The income guidelines are:

               HOUSEHOLD SIZE/INCOME

                        1 -- $38,000

                        2 -- $43,450

                        3 -- $48,850

                        4 -- $54,300

                        5 -- $58,650

                        6 -- $63,000

                        7 -- $67,350

                        8 -- $71,700

The property being purchased can be an existing or new construction home. It can be a
single-family home or a condo. The program will not help with rental property, manufactured
homes or mobile homes.

The maximum value of the property being purchased cannot be higher than $161,500.

To get started with a lender who can help you with the grant application paperwork and
pre-approve your mortgage loan, contact us.
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in a new home:
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