We have a fresh new look and feel! 

On February 5, our redesigned website launched. Although you will see a new look, it is still the same trusted site and service that National Exchange Bank & Trust offers.

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Home Buyer Resources

We offer several down payment assistance options that can be used with a wide variety of loan programs. To find an option that best fits your needs, please reach out to one of our mortgage experts today!

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Fannie Mae $2,500 Down Payment Assistance 

  • Offered as part of Fannie Mae's HomeReady product as an ideal mortgage solution for borrowers, whether they are first-time or repeat buyers.
  • Eligible for loans purchased on or after March 1, 2024, through February 28, 2025.
  • Borrowers with a qualifying income of less than or equal to 50% of the applicable area median income of the subject property's location are eligible.
  • Can be applied towards down payment and closing costs including escrows and mortgage insurance premiums.
  • Borrower will receive a 1099 MISC for the year in which the credit was given, please consult with your tax preparer for income tax implications.

FHLBC Down Payment Assistance 

  • National Exchange Bank & Trust partners with the Federal Home Loan Bank of Chicago (FHLBC) to provide borrowers with down payment assistance. 
  • No interest is charged and the grant is forgivable over a 5-year period. 
  • For more information on down payment assistance, first-time homebuyer programs and to see if you qualify, contact us here. 

Other Down Payment Assistance Programs

Fannie Mae offers a down payment assistance search tool where borrowers can search based on their location, purchase price and other factors. 
Use the link below to enter your information and see what you may qualify for. 

Down Payment Assistance Search Tool

Did You Know?

After your credit is pulled, credit reporting companies are permitted to include your name on lists for firm offers of credit or insurance. It may be confusing to determine what are legitimate requests.

OptOutPrescreen.com is a centralized service to accept and process requests from consumers to “Opt-Out” of firm offers of credit or insurance.

OptOutPrescreen.com

Resources for Your Home Buying Journey

Home Buyer’s Guide

We understand that buying a home is an exciting and sometimes daunting prospect. Check out this roadmap infographic on the home buying process, and feel free to contact one of our lenders to simply ask questions.  We are here to support you throughout your home buying process.

Mortgage Closing Checklist

Use this simple checklist to help you prepare for closing. Keep in mind that homebuyers can be the target of fraud, so it is important to make sure all communications are with your trusted representatives, not an impersonator. Being informed and prepared for closing may help you avoid being a victim of fraud.

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