Illinois / Midwest · Grant

Federal Home Loan Bank of Chicago DPP

Varies by member bank

Down payment and closing cost assistance through FHLB Chicago member banks for low-to-moderate income buyers.

Federal Home Loan Bank of Chicago provides DPA grants through participating member banks. FHLB grants are highly competitive and can provide $5,000-10,000 in assistance. The grants pair with any first mortgage product and never require repayment.

AmountVaries by member bank

TypeGrant

Available inIllinois

First-time buyer requiredYes

Minimum credit score620

Multi-unit eligibleSingle-family only

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

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VA Loan $0 down + no monthly mortgage insurance

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NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

IHDAccess Home (NEW 2026) $15,000

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IHDAccess Forgivable $6,000

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IHDAccess Deferred $7,500

Illinois · Deferred 0% loan

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