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Archive - July 2020

Downpayment Plus Program (DPP)

Assistance through the Downpayment Plus Program (DPP)

Posted On: July 27, 2020 by Prevail Bank in: Home Loans

The Downpayment Plus Program (DPP) is a matching program offered by the Federal Home Loan Bank of Chicago (FHLBC) that assists income-eligible home buyers with their down payments and closing costs. The Prevail Bank Mortgage Lending Team is proud to offer this assistance through our partnership with the FHLBC. The Downpayment Plus Program is provided as a forgivable grant, which is paid on behalf of the borrower at the time the mortgage is first closed upon.

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Tags: Down Payment, Down Payment Assistance, Downpayment Plus Program, Home Lending, home loan, Mortgage Tips

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