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Down Payment Plus Program

Down Payment Plus Program

Up to $6000 may be available for the purchase of your home.

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 Down Payment Plus® Program*, up to $6,000 may be available, to eligible home buyers in 2019, to use toward down payment and closing costs. Ask one of our loan officers today about the Down Payment Plus Program® to see if you are eligible.

Homebuyers must** meet income eligibility requirements and:

• Contribute at least $1,000 of you own funds towards the home purchase
• Participate in homeownership education and counseling
• Live in the home as your primary residence

Fox Communities Credit Union is committed to helping our neighbors.

We can help you lower your borrowing costs if you qualify for the Down Payment Plus® Program*. In 2019, you could receive the lesser of $6,000 or 3 times your net contribution towards the purchase of a home:

Home Buyer Net Contribution Maximum Funds Eligible to Receive
$1,000 $3,000
$1,500 $4,500
$2,000+ $6,000

 

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.

* Down Payment 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. “Down Payment 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 serve basis until all funds have been used for the calendar year.
** Additional eligibility requirements apply.
Equal Housing Opportunity Lender.

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You are about to leave Fox Communities Credit Union's website. Any external site listed here is not under the control of Fox Communities Credit Union. Thank you for visiting. Please return when you need information about Fox Communities CU's products and services.

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