Community Corner
Will County Down Payment Assistance: Key Facts for Buyers
Eligible buyers in Will County may qualify for up to $25,000 to help with down payments, closing costs, or gap financing toward a new home.
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Buying your first home, or even moving into a new one, can sometimes feel out of reach with upfront expenses like your down payment and closing costs. The Will County HOME Consortium’s Down Payment Assistance (DPA) program helps make homeownership more affordable by covering some of those costs for qualified borrowers.
How the Program Works:
If you’re purchasing a home in Will County, you may be eligible for up to $25,000 in assistance for your down payment, closing costs or gap financing.
• The DPA is recorded as a second mortgage but comes with 0% interest and no monthly payments.
• The loan is forgiven after an established affordability period, provided the home is maintained as a primary residence.
Who’s Eligible:
• First-time homebuyers and those who have not owned a home in 3 years
Requirements:
• Buyers must contribute $2,500 of their own funds, which may include earnest money, appraisal, inspection, or the first year of home insurance.
• The maximum home price is $297,000 for existing homes or $356,000 for new homes
• The home must be located in Will County and includes the City of Joliet, portions in Kendall County, and the Village of Bolingbrook portions in DuPage County.
• The buyer must live in the home as their principal residence.
• The applicant must demonstrate need, and written verification of employment is required for W2 applicants/adult household members
Additional eligibility requirements apply. Funds are first-come, first-served and can be combined with other assistance.
Let's Get Started
Navigating the Will County Down Payment Assistance program is easier with expert support. Steve Staniszewski, Mortgage Loan Originator at Midland States Bank, has more than 29 years of experience helping homebuyers understand their options. He’ll walk you through eligibility, the application process, and how the DPA can work alongside your mortgage to align with your long-term goals.
Steve Staniszewski
Mortgage Loan Originator
Midland States Bank
NMLS #435784
sstaniszewski@midlandsb.com
(815) 341-5457
Apply or Get Pre-Approved Now: https://lending.midlandsb.com/#/loan-officers/sstaniszewski@midlandsb
Midland States Bank is Member FDIC. Equal Housing Lender. NMLS #411141 To learn more, visit www.nmlsconsumeraccess.org. Credit subject to Bank terms, credit availability, and limitations.
Midland States Bank is not the owner, sponsor, or administrator of the Will County HOME Consortium Down Payment Assistance (DPA) Program and does not approve applications, set eligibility requirements, or control any aspect of the program. All program terms, eligibility requirements, underwriting, inspections, and funding decisions are established and managed solely by the Will County HOME Consortium and its designated agencies. This information is provided for educational purposes only and does not constitute an offer, commitment, or agreement by Midland States Bank to lend, to extend credit, or to modify any existing loan or lending agreement.
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