Through the Down Payment Plus® Program*, up to $6,000 may be available, to eligible home buyers in 2020, 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 of you own funds towards the home purchase
• Participate in homeownership education and 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 2020, 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|
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.
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