- Community Development
- Homebuyer Assistance
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
1 or 2 persons
3 or more
Qualified Illinois Assist Lenders
In Champaign County
1231 E Grove Ave, Rantoul, IL 61866
Caliber Home Loans
303 E Main St. Unit C, Mahomet, IL 61853
Central Illinois Bank (CIBM)
1514 N Cunningham Ave, Urbana, IL 61802
812 W Springfield Ave, Champaign, IL 61820
Heartland Bank and Trust Company
602 S Vine St, Urbana, IL 61801
PrimeLending, a Plains Capital Company
2009 Fox Dr a, Champaign, IL 61820
Guaranteed Rate Inc