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Down Payment Assistance

 Lower Your Borrowing Costs

If you want to buy a home and have a steady income and good credit, Illinois State Credit Union and the Federal Home Loan Bank of Chicago can help.

Through the Downpayment Plus® Program*, up to $6,000 may be available to eligible homebuyers to use toward down payment and closing costs. Ask one of our loan officers today about the Downpayment Plus Program to see if you are eligible.

Homebuyers must meet income eligibility requirements and:

  • Contribute at least $1,000 to the purchase of the home
  • Participate in pre-purchase homebuyer education and counseling
  • Live in the home as your primary residence 

Illinois State Credit Union is committed to helping our neighbors. We can help lower your borrowing costs if you qualify for the Downpayment Plus Program.  You could receive up to $6,000 for the purchase of a home.

Homebuyer's Net Contribution Maximum Grant Amount       






 Click HERE to review Income Guidelines for your county. 

Income is based on the 80% limit for your county and the number of people living in the household.

More information on the down payment assistance process can be found HERE and on our Frequently Asked Questions link.

 *Downpayment Plus is a program from the Federal Home Loan Bank of Chicago. Restrictions apply. Please see the Federal Home Loan Bank of Chicago’s website at www.fhlbc.com for complete requirements. “Downpayment Plus” is a registered trademark of the Federal Home Loan Bank of Chicago.

Illinois State Credit Union NMLS# 571095
1408 Airport Rd, Bloomington, IL  61761
Office:  (309) 451-8400
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