The Cook County Down Payment Assistance Pilot Program has been a game-changer, helping individuals and families achieve the dream of homeownership. With up to $25,000 in financial support for down payments, closing costs, and mortgage buydowns, the program saw overwhelming demand—running out of funds within just 90 days. Due to its popularity, public officials and decision-makers are now diligently working to secure additional resources to support the growing pipeline of aspiring homebuyers.
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Review income limits and geographic qualifications.
Attend an 8-hour HUD-approved course through Club 720 to prepare for the homeownership journey.
Even as current funding has been exhausted, join the program’s growing pipeline to stay informed and prepared for future funding opportunities.
Once funding becomes available, eligible buyers will be contacted to proceed with their purchase.
Eligibility requirements for the Cook County Down Payment Assistance Program include:
Got questions? Here are the answers to some common questions about Down Payment Assistance.
Club 720 can connect you with approved lenders through our platform.
Yes, DPA funds can be applied to closing costs, including real estate agent commissions.
You may need to repay the balance of the forgivable loan, minus the portion already forgiven.
No, the program is open to both first-time and repeat homebuyers.
Borrowers must meet minimum credit score and income requirements, which vary by community. The Cook County Down Payment Assistance Program uses the Club 720® mobile app to provide borrowers with almost instant results on initial eligibility. This is by no means an approval, but it does mean you’ll soon be connected with a participating, trusted lender partner.
No worries! We are always adding programs and products that vary in credit score requirements. If the Cook County Down Payment Assistance Program won’t be a good fit for you at this time, you will be presented with other programs that you’re eligible for on Club 720, including our Accountability Coaching Program, which is designed to prepare you to purchase a home through this program. We also encourage you to take advantage of all that Club 720 has to offer: free credit building courses, money management training, coaching and more to help prepare you for your home buying goals. Remember, it might be a “not now”, but it’s never a “no.” You can do this!
