Sunday, May 31, 2015

Lower Your Borrowing Costs - Downpayment Plus® Program

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

Through the Downpayment Plus® Program, up to $6,000 may be available to eligible home buyers in 2015 to use toward downpayment 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 homebuyer and  financial literacy counseling
  • Live in the home as your primary  residence
  • Property may be in any state in which the member does business.
McHenry Savings Bank is commit ted to helping our neighbors. We can help you lower your borrowing costs if you qualify for the Downpayment Plus Program. In 2015, you could receive up to $6,000 for the purchase of a home! 
Please contact: Talana Diaz (NMLS #500571)
Direct at: 815-331-6430
Email at:

**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 for complete requirements. “Downpayment Plus” is a registered trademark of the Federal Home Loan Bank of Chicago.