Rising home prices and upfront cash requirements continue to create barriers to homeownership in Calhoun County. To help address local affordability challenges, the Calhoun County Treasurer and Independent Bank have partnered to offer the Calhoun County Homebuyer Assistance Program. This initiative provides eligible buyers with direct financial assistance toward down payment and closing costs when purchasing a primary residence in Calhoun County.
Key Features:
Benefit:
Up to $8,000 in total assistance:
- Up to $6,000 in down payment assistance from the Calhoun County Treasurer
- Up to $2,000 in closing cost assistance from Independent Bank
Eligibility:
To qualify, borrowers must:
- Purchase a primary residence located in Calhoun County
- Have household income at or below 120% of the Area Median Income (AMI)
- Obtain mortgage financing through Independent Bank
- Complete approved pre-purchase homebuyer counseling
- Contribute at least $1,000 toward the purchase
- Meet all applicable lender underwriting requirements
Buyer Requirements:
- Property must be in Calhoun County
- Property must be owner-occupied as the primary residence
- Buyer must complete pre-purchase counseling prior to closing
- Income eligibility must be verified during underwriting
- Funding available on a limited basis
Loan / Assistance Structure:
- First mortgage originated and underwritten by Independent Bank
- Assistance applied at settlement
- Subject to lender guidelines and program availability
- Program terms may change without notice
Application Timeline:
Applications are accepted through Independent Bank.
Borrowers must:
- Contact Independent Bank to begin mortgage prequalification
- Complete required pre-purchase counseling
- Submit documentation for income verification
- Close on the home with assistance applied at settlement
Agent Action Steps:
- Identify buyers purchasing in Calhoun County
- Screen household income against 120% AMI limit
- Connect clients with Independent Bank early in the process
- Confirm buyer has completed required counseling
- Review minimum $1,000 contribution requirement
Actions for Buyers to Take Now:
- Confirm property is in Calhoun County
- Verify household income eligibility
- Schedule and complete pre-purchase counseling
- Contact Independent Bank for mortgage prequalification
- Gather income and asset documentation in advance
This program provides direct financial support to reduce upfront homebuying costs and improve access to homeownership in Calhoun County. Funding is limited and subject to availability.
To get started, contact Independent Bank at (269) 491-3049 or visit IndependentBank.com/CalhounCountyTreasurer.
If the program is unavailable or income limits are exceeded, additional Community Home Investment Programs may be available to explore alternative assistance options. Visit Homebuyerwallet.com now to explore your options.
