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Cook County Down Payment Assistance Program

Quick answer

Cook County Down Payment Assistance Program is a Illinois down payment assistance program from Cook County Bureau of Economic Development (with Club 720 Solutions LLC). It provides 5 percent of the home's final first loan amount, up to $25,000 as a deferred-payment loan. Eligibility, income limits and funding are set by the agency, so confirm current terms on its official page.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast verified

Eligibility notes

Third phase re-opened July 20, 2026; first-time and repeat buyers eligible; first-time buyers must complete homebuyer education; apply via club720.org/cookcounty-dpa. Assistance described as a subsidy; grant vs. loan structure not stated on county page.

Where does Cook County Down Payment Assistance Program apply?

This county-level program is available to buyers in Cook County. Cities on our site where it applies:

DetailProgram terms
Assistance5 percent of the home's final first loan amount, up to $25,000
TypeDeferred-payment loan
Minimum creditNot published on the program page
First-time buyerNot required
Income limits120% AMI (no income limit in Disproportionately Impacted Areas or Qualified Census Tracts)

How does Cook County Down Payment Assistance Program work with an FHA loan?

Illinois's 2026 FHA one-unit limits start at $541,287, which supports a price of about $560,000 with 3.5% down.

Where do I confirm current terms?

On the official page: https://www.cookcountyil.gov/service/down-payment-assistance-program. Programs can pause when funds run out, so confirm availability with a participating lender.

← All Illinois down payment assistance programs

Frequently asked questions

5 percent of the home's final first loan amount, up to $25,000, according to Cook County Bureau of Economic Development (with Club 720 Solutions LLC).

It's a deferred loan — no monthly payments, repaid when you sell, refinance or pay off the first mortgage.

120% AMI (no income limit in Disproportionately Impacted Areas or Qualified Census Tracts)

Sources

Data last updated October 25, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.