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Ask The Expert - May 2018

by Stacy Wise | May 30, 2018

Downpayment Plus Program

Question:
I've found a house I'd like to purchase. Can you help me lower my borrowing costs?

Answer: If you want to buy a home and have a steady income and good credit, MidAmerica National Bank and the Federal Home Loan Bank of Chicago can help.

Through the Downpayment Plus® Program*, up to $6,000 may be available to eligible homebuyers to use toward down payment and closing costs. Ask one of our Mortgage Loan Officers today about the Downpayment Plus Program to see if you are eligible.

Homebuyers must meet income eligibility requirements and:

• Contribute at least $1,000 to the purchase of the home
• Complete pre-purchase homebuyer education
• Live in the home as your primary residence

MidAmerica National Bank is committed to helping our neighbors. We can help lower your borrowing costs if you qualify for the Downpayment Plus Program

Talk to a Mortgage Loan Officer at your nearest MNB location today!

Tracy Chipman
Mortgage Loan Officer
NMLS #1516395
100 West Elm Street | Canton, IL 61520 
309-647-5000 
email

Jodi Hyde
Mortgage Loan Officer
NMLS #646210
130 North Side Square | Macomb, IL 61455 
309-833-4111
email

Mary Smid
Mortgage Loan Officer
NMLS #431491
700 Second Street | Henry, IL 61537
309-364-2302
email

MidAmerica National Bank NMLS #410757

Information provided is for informational purposes only and does not in any way constitute an approval or pre-qualification for a mortgage loan. Potential applicants must apply with a Registered or Licensed NMLS Loan Originator to determine qualification for a mortgage loan.

* Downpayment Plus is a program from the Federal Home Loan Bank of Chicago. Restrictions apply. Please see the Federal Home Loan Bank of Chicago's website at www.fhlbc.com for complete requirements. "Downpayment Plus" is a registered trademark of the Federal Home Loan Bank of Chicago.

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