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.

Downpayment Plus Program

Downpayment Plus
Downpayment Plus Advantage
Program Elements
Member and Borrower Roles and Responsibilities
Application and Eligibility
Are You a Homebuyer?

2024 Downpayment Plus Programs Overview Webinar

Unlocking Dreams of Homeownership with Busey Bank

Note: The member limit for DPP and DPP Advantage is $1,000,000 for each program.