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Get Matched Free →FHLBank Chicago Downpayment Plus (DPP)
Funding status: Active
How much assistance
Up to ,000 (Grant)
Forgivable grant applied at closing. Retention period typically 5 years; prorated repayment if sold early.
Eligibility
- Income limits: Up to 80% of Area Median Income (AMI).
- First-time buyer required: No
- Geographic restrictions: Illinois and Wisconsin. Apply through a participating FHLBank Chicago member bank or credit union.
- Homebuyer education required: Yes
How to Apply for FHLBank Chicago Downpayment Plus (DPP)
Step 1: Select a participating FHLBank Chicago member lender. Lender reserves grant funds on a first-come, first-served basis. Complete homebuyer education.
Notes
2026 program has million in funding allocated. Available through participating member financial institutions.