Lower Your Borrowing Costs.
If you want to buy a home and have a steady income and good credit, Lake Area Mortgage and the Federal Home Loan Bank of Chicago can help.
Through the Downpayment Plus® Program*, up to $7,000 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. This is a forgivable grant after five years.
Homebuyers must meet income eligibility requirements and:
Lake Area Mortgage is committed to helping our neighbors. We can help lower your borrowing costs if you qualify for the Downpayment Plus Program.
Questions?
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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.
This is not a commitment to lend or extend credit. Restrictions may apply. Rates may not be available at time of application. This is not an offer to enter a loan agreement at a specific rate. An offer to enter into such an agreement may only be made pursuant to Minn. Stat. 47.206. Information and/or data are subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states. Lake Area Mortgage™ is a division of Royal Credit Union, 1200 County Road E., Ste 200, Arden Hills, MN 55112. NMLS# 543781.
