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Down Payment Plus Program


Downpayment PlusĀ® Program

The Downpayment Plus Program, offered by the Federal Home Loan Bank of Chicago, is a matching program that provides down payment and closing cost assistance for income-eligible homebuyers. The assistance is provided in the form of a forgivable grant paid on behalf of the borrower at the time the borrower closes on mortgage financing. Grants are forgiven on a monthly basis over a five-year retention period. 

Through the Downpayment Plus Program*, up to $6,000 may be available to eligible homebuyers to use toward a down payment and closing costs. Ask one of our mortgage officers today about the Downpayment Plus Program to see if you are eligible. 

Homebuyers must meet income eligibility requirements and:

  • Contribute at least $1,000 to the purchase of the home
  • Complete pre-purchase homebuyer education and counseling
  • Live in the home as your primary residence

Contact one of our mortgage loan officers to determine if you qualify!

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*DOWNPAYMENT PLUS IS A PROGRAM FROM THE FEDERAL HOME LOAN BANK OF CHICAGO. RESTRICTIONS APPLY. PLEASE SEE THE FEDERAL HOME LOAN BANK OF CHICAGO'S WEBSITE FOR COMPLETE REQUIREMENTS. "DOWNMPAYMENT PLUS" IS A REGISTERED TRADEMARK OF THE FEDERAL HOME LOAN BANK OF CHICAGO.