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!
*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 www.fhlbc.com for complete requirements. “Downpayment Plus” is a registered trademark of the Federal Home Loan Bank of Chicago.