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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