This program helps homebuyers with down payments, closing costs, or mortgage buydowns by providing subsidies of up to $25,000 or 5% of the home’s sale price, whichever is less. In order to find out if you are eligible to use this program for your home purchase, click the blue button below or download the free Club 720 mobile app.
5% of the home sale price in down payment and/or closing cost assistance
Available for FHA, VA, USDA, Fannie Mae, and Freddie Mac loans
Affordable loan forgiven over 5 years
No income limit in Targeted Areas*
Available to first-time and repeat homebuyers
*”Targeted Areas” are “Disproportionately Impacted Areas (DIA)” or “Qualified Census Tracts (QST)” as defined by the State of Illinois. For a description of DIA and QCT, or to determine if a specific property is located in any one of those targeted areas, buyers and lenders should refer to this website.”
Example Rate Buy-down Table
Download the Club 720 App or check eligibility.
Complete the screening to confirm eligibility.
Choose from our list of Available Programs.
Get matched with an approved lender and start home shopping!
(773) 305-5626
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(877) 351-3400
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(855) 353-5363
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(833) 806-1095
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We’re looking for local champions—realtors, lenders, employers, and developers—who are ready to step up and help shape the future of housing in Cook County.
Whether you work with homebuyers every day, employ the workforce that keeps our communities moving, or play a role in building the homes themselves, your leadership is essential. Together, we can expand access to affordable homeownership, create new opportunities for working families, and ensure Cook County’s housing market works for everyone. This is your chance to be part of the solution.
Be Part of a Community-Led Solution: Align your brand with Cook County’s commitment to expanding homeownership and supporting residents on their path to financial stability.
Gain Access to Pre-Qualified Buyers: Connect with individuals already engaged in financial education, coaching, and pre-qualification through Club 720—buyers who are prepared and motivated.
Expand Your Reach: Be featured as a trusted local partner across Club 720’s platform and marketing efforts, increasing your visibility to new clients across Cook County.
Make a Measurable Impact: Help more families secure homes, build generational wealth, and stay rooted in the community—all while growing your business in a meaningful way.
This is more than a partnership—it’s a community investment.
Our DPA programs can be used to help cover your down payment, closing costs, or to buy down your interest rate in order to lower your monthly mortgage payment. They’re designed to reduce the upfront costs of purchasing a home and make homeownership more affordable. However, the DPA cannot be used with 203(k) renovation loans or other similar rehabilitation loan products. If you’re unsure whether your loan type qualifies, your lender can help determine eligibility based on the program guidelines.
When we say “affordable mortgage,” we mean a safe, fixed-rate loan that helps you buy a home without needing a big down payment. With this program, you get down payment assistance in Illinois (which is often forgivable) and a 30-year mortgage that keeps your monthly payment predictable. While the interest rate might be slightly higher than a loan without assistance, it’s still competitive—and often the best option when you don’t want to wait years to save up. The goal is to make buying a home possible and sustainable. That’s what affordability means to us.
Congrats on taking the first step with us! You’ll want to first figure out how much home you can afford – our trusted lending partners can help with this. Head over to the app and submit a homebuyer eligibility form to get started.
Yes, but your lender must first become a correspondent lender of the program. Please visit our Partners page for more information.
The area in which you are looking to purchase your home will determine the amount you’re eligible for. Refer to the program benefits for more information.
That is up to you! Once you’ve completed and submitted all necessary paperwork, provided to you by your lender, the process should move very quickly. Your lender can provide a more accurate timeframe.
Typically, lenders require employment and income information, asset information, debt and liabilities, and proof of residence. They will pull your credit report to check your score, history and debt-to-income ratio.
Club 720 partners are required to respond within 24 hours of receiving your eligibility form.
You’ll need to open your homebuyer eligibility form on the app and pick up where you left off by choosing an available program. This way, we can match you with the tools you need to utilize that program, like a lender or coach.
Not at all. Club 720 conducts a soft credit pull to verify your self-reported score before connecting you with a lender.
The short answer is no. This is a forgivable second mortgage with no payments and no interest!
A coaching report is created for those who need a little help increasing their credit score to meet program requirements. Once you have taken the accountability coaching course we will create a custom report to use as a guide to increasing your credit score.
There are certain programs that can be stacked with Cook County DPA. Please check with your lender for other program options!
