Illinois League of Financial Institutions


DPP Advantage® Consumer Center
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Downpayment Plus Advantage® Program
Consumer Center

Welcome to Downpayment Plus Advantage® Consumer Center, your information source for the Federal Home Loan Bank of Chicago's (FHLBank) Affordable Housing Set-Aside Program (AHP). The Illinois League of Financial Institutions is working with the FHLB of Chicago to administer the program for participating Illinois FHLB of Chicago member financial institutions. To view the list of participating institutions in your area you can view this list. (organized alphabetically by city)

The Downpayment Plus Advantage program is a downpayment and closing cost assistance program for low and moderate income homebuyers who are participating in homeownership programs offered by non-profit organizations that provide mortgage financing directly to the homebuyer, such as Habitat For Humanity affiliates. It is funded through the Affordable Housing Program (AHP) of the Federal Home Loan Bank of Chicago (FHLB). The program is administered by the Illinois League of Financial Institutions.

If this is your first visit, you may want to read the Downpayment Plus Advantage Frequently Asked Questions.

Borrower Responsibilities

Borrowers accessing the Downpayment Plus Advantage program must:

bulletProvide accurate and complete income verification to the lender as requested.
bulletComplete homeownership counseling prior to closing that includes a comprehensive financial literacy and predatory lending component and meets other program requirements.
bulletNotify the lender of any change in use or ownership of the property
bulletRepay a pro rata share of the grant, reduced for every month you owned the unit, if:
bulletyou sell the property prior to the end of the retention period to a non-income eligible purchaser and realize a gain on the sale.  Repayment is waived if you realize no net gain on the sale.
bulletyou cease using the property as your primary residence before the end of the 5 year retention period; or
bulletyou refinance the mortgage and the retention agreement no longer applies to the property.  You can avoid repayment in the event of a refinancing if:
bulletthe original lender agrees to subordinate the grant mortgage, or
bulletthe refinancing lender agrees to assume the grant mortgage for the remainder of the retention period, provided they are a member of the FHLB of Chicago
bulletRequest evidence that the lender released the lien at the end of the 60 month retention period if you have not been notified.

Downpayment Plus, DPP, Downpayment Plus Advantage, and DPP Advantage are registered trademarks of the Federal Home Loan Bank of Chicago.  


Mark your calendar for the League's 136th
 annual convention

September 20-23, 2015 

Belmond Charleston Place 

Charleston, South Carolina


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