Advance Payment Assistance & Homebuyer Education
The Equitable Bank participates in many advance payment help programs which help income-eligible purchasers receive funds that assist with down closing and payment expenses.
- FHLBC DPP Grant up to $6000
- Home Consortium DPA up to $5000
We make use of numerous area community teams to give homebuyer training, which can be necessary for many advance payment help programs.
Credit Builder Loan System
The Credit Builder Loan through the Equitable Bank was designed to assist a person with no credit or with credit dilemmas to re-establish credit history that is positive. It is also a great selection for those seeking to preserving for a sizable purchase or a deposit on a home that is new.
How exactly does it work?
We shall provide you a group amount of cash ($500 or even more, according to your financial predicament) to put in an interest-earning certification of deposit (CD) in your title. Each thirty days you pay off the quantity of the loan plus interest. Continue reading