First Mid Bank & Trust Helps Over 90 Families Become Homebuyers in Illinois ย
MATTOON - First Mid Bank & Trust (First Mid) continues to change lives for low-income and first-time homebuyers throughout the bank’s Illinois communities. Using grant funds from the Downpayment Plus® (DPP) Program through the Federal Home Loan Bank of Chicago, First Mid has helped those who never thought they would become homeowners move into the house of their dreams. In 2024, First Mid awarded 97 grants for a total of $970,000, helping deserving families complete their homebuying journey. Kayla Aaron, Regional Retail Loan Manager at First Mid, said in today’s current housing market, finding a home at the right price and making a down payment can seem impossible. However, DPP grants can give people the vital assistance they need. Those participating in the program must contribute $1,000 of their own funds before First Mid can get the homebuyer up to $10,000 in grant money to put toward a down payment. There is also an application process with income requirements
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