Through the Down Payment Plus® Program*, up to $6,000 may be available to eligible home buyers in 2017 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.
• Contribute at least $1,000 to the purchase of the home
• Participate in home buyer and financial literacy counseling
• Live in the home as your primary residence
We can help you lower your borrowing costs if you qualify for the Down Payment Plus Program®. In 2017 for the purchase of a home, you could receive the lessor of $6,000 or 3X your net contribution, as shown in the chart below.
|Home Buyer Net Contribution||Maximum Funds Eligible to Receive|
Federal Home Loan Bank of Chicago is one of 11 U.S. Government sponsored banks that provide services to financial institutions (not individuals). Fox Communities Credit Union is part owner of this unique entity and allows us to bring this program to you, our members.
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