Dreams Come True
Subsidy for Homeownership
Program Highlights:
Funds from DCT may be either
used for down payment or closing
costs, or a combination of both
3:1 match on buyer contributions
Maximum contribution-$15,000
Example: buyer contributes $3000,
the DCT program contributes
$9000
Cannot be used in conjunction
with other assistance programs
Applicants must meet 80% Median
income limit guidelines for
the geographical location
http://www.huduser.org/portal/data
sets/il/index_il2011.html
Not all occupants need be on the
loan
Non Occupying Co-Borrower’s
income and it does not count
against 80% median income calculation
*First Time Homebuyer defined as not owning
a home or being on Title for the past 36
months. A Title search will be performed.
If you are further interested in this program, send me an e-mail! I will forward all details to you!!
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