The Madison County HOMEbuyer Program assists with one of the largest obstructions to home-ownership -- the down payment and closing costs -- by providing funds for down payment and closing costs to eligible individuals to increase the home-ownership rate. Applicants may be eligible for financial assistance up to $5,000 may be available.

• Applicants household must be income eligible;
• Applicants must be first time homebuyers;
• Fund can be used to purchase new or existing one to two unit family housing, or condominium units; 
• Applicants must have a median credit score of 620;
• Applications are taken through a participating program lender.                                                                                 
• Madison County Lender List

Other HOMEbuyer Program Options- This list is currently under revision.

If you feel that your credit may disqualify you from purchasing a home at this time, Justine Petersen Housing and Reinvestment Corporation has a free credit repair program that may help you. 

List of approved Housing Counseling Agencies

Madison County HOMEbuyer Program funds may be used for:

• Down payment and closing costs.
• Eligible closing costs may include, but are not limited to, appraisal fees, credit report fees, inspection fees, home buyer counseling fees, settlement and title fees, underwriting and processing fees.

Income Limits are current as of June 15, 2023

For additional information on the Madison County Development Community HOMEbuyer Program contact Karon Wolfe at  or (618) 296-4385.