Building Stronger Communities Through Reliable Financial Support

By providing critical access to funding, we help our member financial institutions strengthen local economies, make affordable housing more accessible, and lend money where their communities need it most.

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Explore Our Offerings

Browse our financial products and programs designed to make lending and community investment easier.

Advances

The primary way we provide funding to our members is through secured loans, known as advances. Our members use our advance products to support their funding needs while optimizing liquidity to fund lending in their communities.

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Windows on a house and the sky

Mortgage Partnership Finance® (MPF®) Program

The MPF Program offers FHLBank Chicago members access to the secondary mortgage market. With competitive pricing, various risk-sharing structures, and the option to retain servicing, we enable members to better serve their mortgage borrowers.

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Downpayment Plus® Programs

Our Downpayment Plus (DPP®) and Downpayment Plus Advantage® (DPP Advantage®) programs offer Federal Home Loan Bank of Chicago members easy-to-access down payment and closing cost assistance to help their income-eligible customers achieve homeownership.

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Investing in Opportunities

Check out our impact report to see what our funding means to our members' communities.

The Benefit of Membership

Explore what our cooperative model offers each member—from unique support to quick funding access.

Explore Member Resources

Not sure what you're looking for? Our member resources help you find the right product or program for your community's needs.

Join the FHLBank Chicago Team

Looking for your next career step? Learn more about what it's like to work for FHLBank Chicago. Hint: It's so much more than just the numbers.

Metrics Behind the Mission

Our cooperative model ensures we can meet our Illinois and Wisconsin members' unique needs, clearing the way for strategic community investment and lending that strengthens their local economies.

Developer Program grant recipients

$74M+

In housing and economic development grants

$65.3B

In advances outstanding

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654

Total FHLBank Chicago Members serving Illinois and Wisconsin