Downpayment Plus® Program


Are you dreaming of owning your own home but struggling to save for a down payment? Midwest Mortgage and the Federal Home Loan Bank of Chicago may have the solution you've been looking for! Designed to assist individuals and families in achieving their homeownership goals, the Downpayment Plus® Program offers financial assistance towards the down payment and closing costs of purchasing a home.

How Does it Work?

Through the Downpayment Plus® Program*, up to $10,000 may be available to eligible homebuyers to use toward down payment and closing costs. Ask one of our loan officers today about the Downpayment Plus Program to see if you are eligible.

Homebuyers must meet income eligibility requirements and:

While specific eligibility criteria may vary depending on your location and the participating financial institution, typical requirements include:

  • Contribute at least $1,000 to the purchase of the home
  • Complete pre-purchase homebuyer education and counseling
  • Live in the home as your primary residence

Contact one of our Mortgage Lenders today to find out if you’re eligible!

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*Downpayment Plus® is a program from the Federal Home Loan Bank of Chicago. Restrictions apply. Please see the Federal Home Loan Bank of Chicago’s website at for complete requirements. “Downpayment Plus” is a registered trademark of the Federal Home Loan Bank of Chicago.