Key Program Features
- Credit Score: 620+
- Loan Type: FHA
- Min LTV: 90%
- Property: SFR, Condo, PUD (1–2 Units)
- Forgiven After: 5 Years
- No Monthly Payments
- 0% Interest
- Use: Down Payment & Closing Costs
- Credit Score: 660+
- Loan Type: FHA
- Min LTV: 90%
- Property: SFR, Condo, PUD (1–2 Units)
- Second Lien Payable Over 10 Years
- Use: Down Payment & Closing Costs
- Assistance: Up to 5%
Down Payment Assistance in Chicago – Helping First-Time & Repeat Buyers
If you’re buying a home in Chicago or the surrounding suburbs and need help with upfront costs, our Down Payment Assistance (DPA) programs are designed for you. With both forgivable and repayable options, you can cover your down payment and closing costs with little or no out-of-pocket funds.
Top Benefits of Our DPA Loan Programs
No First-Time Buyer Requirement
These programs are open to both first-time and repeat buyers. No ownership restrictions.
Use for FHA Loans
Pair these assistance programs with FHA financing to get competitive rates and low down payment options.
Forgivable & Repayable Options
Choose between no-payment forgivable loans or fixed 10-year repayable loans depending on your credit profile.
No Monthly Payments (Forgivable)
Our forgivable option doesn’t require any monthly repayment and is forgiven after 5 years.
Who This Loan Helps
- ✔️ Buyers with limited savings for down payment
- ✔️ FHA borrowers in Chicago and surrounding areas
- ✔️ Clients with credit scores as low as 620
- ✔️ Buyers seeking forgivable or affordable repayment options
Apply for Down Payment Assistance
Check your eligibility and get pre-approved for one of our DPA programs today. Fast, easy, and no obligation.
Frequently Asked Questions