FHLBank Chicago Downpayment Plus Advantage (DPP Advantage) Program

FHLBank Chicago Downpayment Plus Advantage (DPP Advantage) Program是面向Statewide，Illinois购房者的可免除贷款，由Federal Home Loan Bank of Chicago (administered via nonprofit mortgage lenders partnering with FHLBank Chicago members)管理。 Downpayment Plus Advantage (DPP Advantage) is the companion program to DPP, designed specifically for nonprofit organizations that originate and fund first mortgages directly to homebuyers (such as Habitat for Humanity affiliates). The nonprofit must partner with a FHLBank Chicago member institution to access funds. Grants up to $10,000 (or 25% of first mortgage) forgiven over 5 years. Unlike DPP, no minimum borrower contribution is required. Up to $10,000 forgivable grant. No borrower contribution required. Designed for Habitat for Humanity and similar nonprofits. Stackable with other assistance. 5-year pro-rata forgiveness. 资金来自Federal Home Loan Bank of Chicago AHP set-aside funds。

FHLBank Chicago Downpayment Plus Advantage (DPP Advantage) Program提供最高$10,000的援助。 援助档次：None; single tier。 购房者自付部分：No minimum borrower contribution required for DPP Advantage (unlike DPP which requires $1,000). DPP Advantage is specifically for nonprofit-originated first mortgages such as Habitat for Humanity. 该项目可与Federal, state, and local programs; CDBG; HOME; IHDA programs; can layer with nonprofit lender's own subsidy结合使用。 金额是该项目公布的上限，并非报价——具体每人的援助金额由Federal Home Loan Bank of Chicago (administered via nonprofit mortgage lenders partnering with FHLBank Chicago members)决定。

FHLBank Chicago Downpayment Plus Advantage (DPP Advantage) Program在5年后免除，因此住满这段时间的购房者无需偿还。 触发还款的情形：Sale or refinance before end of 5-year retention period unless buyer is also <=80% AMI; forgiven pro-rata monthly over 60 months; no repayment if amount due is $2,500 or less。 该援助以Second lien (retention agreement recorded on property in member name)顺位留置权登记。 免除和还款条款由项目设定，并可能变化——申请前请在项目官方网页上确认。

FHLBank Chicago Downpayment Plus Advantage (DPP Advantage) Program面向将房屋作为主要住所自住的购房者。 关于信用，该项目说明：No DPP-stated minimum; nonprofit lender applies own underwriting standards。 须参加购房者教育课程，由Pre-purchase education: HUD-approved counseling agency OR Framework, eHome America, Fannie Mae HomeView, Freddie Mac CreditSmart. Pre-purchase counseling: HUD-approved counseling agency. Both required; certificates required for at least one borrower.提供。 居住要求：Property must be primary residence; in any state where member does business。 Nonprofit must originate AND fund first mortgage. Partnering FHLBank Chicago member submits reservation in eBanking. Nonprofit is not a FHLBank Chicago shareholder member. Both homebuyer education and HUD-approved counseling required. Annual certification required for members with active retention agreements.

FHLBank Chicago Downpayment Plus Advantage (DPP Advantage) Program将家庭收入限制在地区收入中位数的80%，该数值因县和家庭人数而异。 该限制适用于家庭总收入，而不仅是借款人的收入。 地区收入中位数由HUD公布并每年更新，因此在依据某个数字之前，请查看该县的最新表格。

FHLBank Chicago Downpayment Plus Advantage (DPP Advantage) Program的房价上限如下：No stated limit; sales price may not exceed appraised value for related-party transactions。 符合条件的房屋类型包括single-family、two-unit、condominium和manufactured home (titled as real estate)。 新建房屋符合条件。 预制房屋符合条件。

FHLBank Chicago Downpayment Plus Advantage (DPP Advantage) Program服务于在Statewide，Illinois购房的购房者。

FHLBank Chicago Downpayment Plus Advantage (DPP Advantage) Program的申请通过Federal Home Loan Bank of Chicago (administered via nonprofit mortgage lenders partnering with FHLBank Chicago members)办理，该机构在其网站上公布现行条款和申请步骤。 资金通过First-come, first-served; FHLBank Chicago member submits reservation in eBanking on behalf of nonprofit partner预留。 Hey Prescott不是贷款机构，也不受理申请；本页介绍该项目，方便购房者向贷款机构或住房咨询师咨询。