Lower Your Borrowing Costs
If you want to buy a home and have a steady income and good credit, Illinois State Credit Union and the Federal Home Loan Bank of Chicago can help.
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:
Contribute at least $2,000 to the purchase of the home
Participate in pre-purchase homebuyer education and counseling
Live in the home as your primary residence
Illinois State Credit Union is committed to helping our neighbors. We can help lower your borrowing costs if you qualify for the Downpayment Plus Program. You could receive up to $10,000 for the purchase of a home.
Click HERE to review Income Guidelines for your county.
*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.
**Maximum grant amount is the lesser of $10,000 or 25% of the first mortgage amount.
***Income is based on the 80% limit for your county and the number of people living in the household.