Cook County Down Payment Assistance Program: What Chicago Homebuyers Need to Know
If you’re dreaming about owning a home in Chicago or anywhere in Cook County, you probably know the biggest challenge for most buyers: saving up for that down payment.
Whether you’re a first-time homebuyer, a renter looking to buy, or a family wanting more space, that upfront cost can feel overwhelming.
But here’s the good news:
The Cook County Down Payment Assistance Program is open again for 2025, making homeownership more accessible for Chicago residents.
If you’ve ever wondered how to get help with your down payment, who qualifies, or how to apply, this blog is for you.
What Is the Cook County Down Payment Assistance Program?
This program is designed to help Chicago-area homebuyers by offering financial assistance for their down payment and closing costs. The goal?
To help more people become homeowners, build generational wealth, and put down roots in their local communities.
With housing prices still high and rents rising, this kind of support can make all the difference, especially for first-time buyers or families just starting out.
Who Can Apply? (Eligibility Made Simple)
Eligibility is a common question, and the great news is that the program is designed to be accessible.
Here are the basics:
Location: You must buy a home in Cook County, including Chicago and the surrounding suburbs.
Type of Buyer: First-time homebuyers, repeat buyers, renters, and young families are all welcome to apply, as long as you plan to use the home as your main residence.
Income Limits: There are income requirements, but many middle-class families and individuals will qualify.
Credit Score: Generally, a minimum credit score is needed (often 620 or higher).
Homebuyer Education: Most applicants will need to complete a HUD-approved homebuyer education course.
These requirements help ensure the program goes to those who truly need it, but you might be surprised how many Chicagoans qualify.
How Much Help Can You Get?
One of the best features of the Cook County Down Payment Assistance Program is the amount of support offered.
Eligible buyers can receive up to 5% of the home purchase price, with a cap of $25,000, to use toward their down payment or closing costs.
That’s a huge boost, especially if you’ve been struggling to save while paying rent or other bills.
How to Apply (And Why You Should Read the Full Guide)
The application process is straightforward; however, there are several essential steps and deadlines to be aware of.
To maximize your chances of getting help, you’ll want to:
Check your eligibility and gather documents early.
Complete homebuyer education if required.
Apply through a participating lender in the program.
Act quickly—funds are limited and applications are reviewed on a first-come, first-served basis.
Want the step-by-step application details, the latest updates for 2025, and a complete list of participating lenders?
Read Our Full, Up-to-Date Guide
We’ve created a complete, easy-to-read guide with everything you need to know about the Cook County Down Payment Assistance Program, including answers to the most common questions about eligibility, help amounts, deadlines, and how to get started.
👉 Read the complete Cook County Down Payment Assistance Program Guide on our official website here.
Don’t let the down payment stand between you and your dream home. Take a look at our comprehensive guide to discover how you can access genuine support right here in Chicago.
Questions?
If you’re unsure whether you qualify or need assistance with the process, our team at KM Realty Group LLC is here to help. Contact us today and start your homeownership journey with confidence.