Downpayment Plus (DPP®) and Downpayment Plus Advantage® (DPP Advantage®) 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. These programs give our members:
- The opportunity to maintain and expand their customer base
- The ability to assist any eligible borrowers purchasing homes in the communities they serve—not just first-time homebuyers
- Improved loan-to-value ratios
- The flexibility to combine these programs with the MPF Xtra® product or other secondary market programs
Are you a homebuyer? Please see the dropdown menu below for more information on the DPP Program.
Are you seeking a payoff quote or lien release? Please see the Contact menu below for more information.