~NOW CLOSED FOR APPLICATION~
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To view the details of our 2022 Homebuyer Assistance Program, see our brochure.
The City of Rockford's Homebuyer Assistance program may provide up to $14,999 to eligible homebuyers, based on the applicant's income, debt, and anticipated mortgage. This is provided as a 5 year forgivable mortgage loan.
Some of the program requirements include:
- Homebuyer must live in the home from the time of purchase through the end of the forgivable loan; approximately 6 years.
- The property must be an unoccupied, detached, single-family home.
- The property must meet federal and local code requirements.
- The property must be located within the municipal boundaries of the City of Rockford.
- Qualify for first mortgage financing through one of the participating lenders, found in our brochure.
- Meet income limits listed in our brochure.
To view a full list of eligibility requirements, please view our brochure.