We can make it easier to get your foot in the front door.

Financial help

Lower your borrowing costs with grants available up to $10,000 for the purchase of your home1

Learn from experts

Complete homebuyer education and counseling with an approved partner

Detailed information

A friendly Fox lender can explain the income guidelines and other details of the Downpayment Plus® program.3

You could receive up to $10,000 towards the down payment for the purchase of your next home.

What's it take to buy a home? Often, years of savings and thousands of dollars in down payment and closing costs. At Fox, we may be able to offer you a shortcut. Through our partnership with the Federal Home Loan Bank of Chicago, you could be eligible for up to $10,000 in home-buying help. Here's how it works.

Homeowners must meet income and eligibility requirements: 

  • Contribute at least $1,000 of your own funds towards the home purchase
  • Participate in homeownership education and counseling2
  • 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. Fox's affiliation with the bank allows us to bring this program to our members.

Are you interested in learning if you qualify for Downpayment Plus®? Fill out the form below and one of our mortgage experts will respond within one business day. 

  • First Name is a required field
  • Last name is a required field
  • Email Address is a required field
        • reCAPTCHA is a required field

        Run the Numbers

        Checking made easy

        Simplify money management with flexible checking features that fit your lifestyle.

        1

        Program funds are limited and will be awarded on a first come-first serve basis until all funds have been used for the calendar year.

        2

        Borrower is required to participate and complete, pre-purchase homebuyer education delivered by a HUD-approved counseling agency, or an online education provider approved by FHLBank Chicago, AND complete pre-purchase counseling by a HUD-approved counseling agency. Visit DPP Homebuyer Education and Counseling or HUD Approved Counseling Agency website for details.

        3

        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.