Homebuyer Assistance

Illinois Assist

Homebuyers in Rantoul may be eligible to take advantage of downpayment assistance and tax credits, making homeownership more affordable.


Assist offers individuals and families with a FHA/VA/RD, 30-year, fixed-rate mortgage a full 3% cash grant on the amount borrowed to qualified homebuyers. The cash assistance may be used to offset some or all of the down payment and closing costs.

Mortgage Credit Certificates (MCC)

MCCs allow the homebuyer to qualify for a federal income tax credit equal to a percentage of the interest paid on their home loan each year. MCC holders still qualify for a regular deduction of the remaining interest paid on their home loan.

What type of home can I buy and how much can I spend?

Homes that meet the program guidelines are new or existing, owner-occupied, single family, town homes, and condominiums

Purchase Price Limits


Maximum Income

1 or 2 persons

3 or more



Qualified Illinois Assist Lenders

In Champaign County

Busey Bank
(217) 892-4121
1231 E Grove Ave, Rantoul, IL 61866

Caliber Home Loans
(309) 419-8139
303 E Main St. Unit C, Mahomet, IL 61853

Central Illinois Bank (CIBM)
(217) 328-7000
1514 N Cunningham Ave, Urbana, IL 61802

First Midwest
(217) 378-7640
812 W Springfield Ave, Champaign, IL 61820

Heartland Bank and Trust Company
(217) 359-5555
602 S Vine St, Urbana, IL 61801

PrimeLending, a Plains Capital Company
2009 Fox Dr a, Champaign, IL 61820
(217) 355-3800


LoanDepot.com, LLC
(888) 983-3240

Guaranteed Rate Inc 
(866) 934-7283