FHLBank Chicago Downpayment Plus (DPP) Program

FHLBank Chicago Downpayment Plus (DPP) Program是面向Statewide，Illinois购房者的可免除贷款，由Federal Home Loan Bank of Chicago管理。 Downpayment Plus (DPP) is a set-aside program of the Federal Home Loan Bank of Chicago providing forgivable grants of up to $10,000 (or 25% of first mortgage amount, whichever is less) for down payment and closing costs to income-eligible homebuyers (at or below 80% AMI) purchasing in Illinois or Wisconsin through participating FHLBank Chicago member lenders. Grants are forgiven pro-rata over a 5-year retention period. Borrower must contribute minimum $1,000 and complete both pre-purchase homebuyer education and HUD-approved counseling. Up to $10,000 forgivable grant. No interest on grant. Stackable with state/local/federal programs. Broad eligible mortgage product list. Manufactured homes eligible. 2-unit properties eligible. Land trust units eligible. 资金来自Federal Home Loan Bank of Chicago AHP set-aside funds。

FHLBank Chicago Downpayment Plus (DPP) Program提供最高$10,000的援助。 援助档次：None; single tier。 购房者自付部分：Minimum $1,000 from borrower's own funds toward purchase transaction. Cash back at closing reduces contribution; more than $250 cash back deducted from reimbursement. Contribution may be earnest money, cash at closing, or costs paid outside closing. 该项目可与Federal, state, and local grants or loans including CDBG, HOME, IHDA programs; DPP Advantage for nonprofit mortgage partners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决定。

FHLBank Chicago Downpayment Plus (DPP) 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)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 (DPP) 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 minimum credit score stated by DPP; lender underwrites first mortgage per their own standards. DTI >45% requires AUS approval or written affordability explanation. 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 only. Both education AND counseling required; certificates required for at least one borrower.提供。 居住要求：Property must be purchased as borrower's primary residence; property may be in any state where member does business。 FHLBank Chicago member must execute DPP Program Agreement and annual certification. Borrower must not receive more than $250 cash back at closing. Co-signers/guarantors/non-occupying co-borrowers render transaction ineligible. Interest-only mortgages ineligible. Loan term minimum 5 years. Member disburses grant at closing before receiving FHLBank reimbursement (~3-4 week processing). Member responsible for 5-year retention servicing even if first mortgage sold.

FHLBank Chicago Downpayment Plus (DPP) 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 (DPP) Program的房价上限如下：No stated purchase price limit; sales price may not exceed appraised value for related-party or REO 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 (DPP) Program服务于在Statewide，Illinois购房的购房者。

FHLBank Chicago Downpayment Plus (DPP) Program的申请通过Federal Home Loan Bank of Chicago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 via DPP Online (eBanking portal); reservations available until member limit exhausted or last business day in December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。