The Downpayment Plus® Program — Your Pathway to Homeownership
Who Is Eligible?
Ready to move forward with your dream home? If you have reliable income and solid credit, we’re here to assist!
Prospective buyers need to satisfy qualification criteria and:
- Finish a pre-purchase homeownership education program
- Provide a minimum of $1,000 toward the home purchase
- Occupy the property as your main residence
How to Apply for the
Downpayment Plus Program
Here’s how you can open the door to homeownership.
- Step 1: Connect with a Participating Credit Union or Lender
Reach out to Credit Union for All. We are your trusted guide through the application process.
- Step 2: Prepare Your Documentation
You will need your purchase contract, proof of household income, and evidence of your $1,000 contribution toward the home purchase.
- Step 3: Complete the Application with Your Lender
We will submit your application for the Downpayment Plus grant on your behalf to the Federal Home Loan Bank of Chicago.
- Step 4: Participate in Homebuyer Education and Counseling
This essential step provides you with valuable knowledge about purchasing and owning a home, ensuring you’re prepared for success.
- Step 5: Close on Your Home and Receive Your Grant
At closing, the forgivable grant is applied to your down payment and/or closing costs, paving the way to your new home without added financial strain.
Ready to Open the Door to Homeownership?
