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Downpayment Plus

Downpayment Plus

You could receive up to $10,000

If you want to buy a home and meet the program requirements, Fox Communities Credit Union and the Federal Home Loan Bank of Chicago can help!

Through the Downpayment Plus® Program*, $10,000 may be available to eligible home buyers in 2023 to use toward down payment and closing costs. Ask one of our loan 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 of your own funds towards the home purchase
• Participate in homeownership education and counseling
• Live in the home as your primary residence

Federal Home Loan Bank of Chicago is one of 11 U.S. Government sponsored banks that provide services to financial institutions (not individuals). Fox is a member of this unique entity allowing us to bring this program to you, our members.

*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 at www.fhlbc.com for complete requirements. “Downpayment Plus” is a registered trademark of the Federal Home Loan Bank of Chicago. Funds for the program are limited and will be awarded on a first come-first served basis until all funds have been used for the calendar year.
** Additional eligibility requirements apply.

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