Our Mortgage Specialists are knowledgeable about local, state and national home buyer grants and assistance programs.

We won the Community Bankers Association of Illinois Innovation & Excellence Award for our Affordable Housing Foundation initiatives!  Let us help you fulfill your dreams of home ownership by covering grant options that may be available to you.

Marquette Bank Affordable Housing Foundation Grant

  • Income Requirement: Total household income is less than 80% of the Area Median Income for your county. 
  • Geographic Requirement: Purchasing a property within one of the 1,100+ low, moderate or middle income census tracts within Marquette Bank’s assessment area (COOK, WILL and DuPage).
    • Qualify for a $2,000 grant when you buy a property in a middle income census tract.​​
    • Qualify for a $4,500 grant when you buy a property in a moderate income census tract
    • Qualify for a $7,500 grant when you buy a property in a low income census tract
  • Must be a first-time home buyer and the grant must be used toward the purchase of your owner-occupied primary residence: single-family home, two flat, condo or townhouse.
  • Assistance must be used towards down payment and closing costs.
  • Additional restrictions may apply, contact a Marquette Bank Mortgage Specialist today.

llinois Housing Development Authority (IHDA) Loan Programs

IHDAccess Forgivable 
 
  • Highlights:
    • 4% of the purchase price up to $6,000 in assistance for down payment & closing costs, forgiven monthly over 10 years – it’s a gift that does not have to be repaid
    • Additional requirements apply.
IHDAccess Deferred 
 
  • Highlights:
    • 5% of the purchase price up to $7,500 in assistance for down payment & closing costs offered as an interest-free loan, deferred for the life of your mortgage – you don’t need to repay until you sell your house, refinance, or pay off your mortgage
    • Additional requirements apply.
IHDAccess Repayable
 
  • Highlights:
    • 10% of the purchase price up to $10,000 in assistance for down payment & closing costs offered as an interest-free loan – repaid monthly over a 10 year period
    • Additional requirements apply.
  • Marquette Bank is an authorized IHDA Lender. Additional restrictions may apply, contact a Marquette Bank Mortgage Specialist today.

Downpayment Plus® Program

  • Program offered by the Federal Home Loan Bank of Chicago
  • $6,000 assistance for down payment and closing costs.
  • Home buyers must:
    • Meet income eligibility requirements.
    • 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
  • Additional restrictions may apply, contact a Marquette Bank Mortgage Specialist today.
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Let us help you. Call us today at 1-708-364-2525.

Marquette Bank Retail Lending Center
15959 108th Avenue Orland Park, IL 60467
mortgagecenter@emarquettebank.com

All home financing subject to credit approval. Property insurance may be required.