See programs you qualify for

Get Matched Free →

Downpayment Plus Program (FHLBank Chicago)

Administered by:
Federal Home Loan Bank of Chicago
· Nonprofit · Grant
Funding status: Active

How much assistance

Up to $6,000 (3:1 match of buyer contribution, max $6,000)
Forgivable over a 5-year period of owner-occupancy.

Eligibility

  • Income limits: At or below 80% AMI.
  • First-time buyer required: No
  • Geographic restrictions: Available in Wisconsin and Illinois through participating FHLBank Chicago member institutions.
  • Homebuyer education required: Yes

How to Apply for Downpayment Plus Program (FHLBank Chicago)

Apply through a participating FHLBank Chicago member bank or credit union. Complete pre-purchase homebuyer education and counseling. Contribute a minimum of $1,000 of own funds (matched 3:1 up to $6,000).

Learn More About Homebuying Assistance

Cities Where This Program Is Available (25 cities across 1 state)