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Swedish American Health System in Rockford IL
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Home Ownership Program | Program Qualifications

  1. Must be a full-time employee of SwedishAmerican Health System in "good standing."
  2. Purchased home must be within a certain radius of the main hospital campus
    (Rural - North, Woodruff - South, Longwood/7th - West, Prospect/ Garnier/14th - East).
  3. Must be primary resident.
  4. Must stay in home for five years. Penalty is a 1/60th per month ($1,000 per year) return.
  5. Must obtain own financing.
  6. Jackson TIF homes are available to the general public. Qualifications do apply. However funds do not apply.
All homes owned by the Foundation and sold to an employee have a one-year warranty. (Additional discounts may apply)

Down-payment is payable to Title Company at closing; no funds are given to individuals.

Down-payment is filed as earned income on employee's W2 ($1,000 per year for five years).

Homeownership educational classes through Rockford Housing Coalition are available to employees wishing to purchase a home within the Dual Track area. Upon completion, additional funds (employee match program) may be available.

Contact Us
1401 East State Street
Rockford, IL 61104
(779) 696-4400


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