Up to $14,000

For down payment & closing costs


Thinking about buying a home? Liberty Bank for Savings can help with up to $14,000* in closing costs & down payment assistance that could get you into a new home for what you pay in rent!

Homeownership helps build resilient communities. That’s why we’ve been investing in Chicago families and neighborhoods for 125 years. We’re here to help you finance a bright future for you, your family, and your neighborhood.

Making Homeownership a Reality for 125 Years

Liberty Bank isn’t some faceless big bank. We were founded by the community in the basement of a local church. Parishioners pooled their money to help each other buy their first home. We are still guided by that same mission 125 years later – to help families save money and buy homes.

  • Friendly, flexible service
    Manage your entire home loan process online with convenient 24/7 access, while receiving personal service (in-person or over the phone) whenever you need us.
  • Neighborhood lender
    Our entire mortgage operations is handled right here in Chicago, under one roof. Which means, we’re always here for you. Even after the loan closes.
  • Low mortgage rates
    Unlike most banks, we don’t have stockholders or corporate owners. Instead profits are returned to customers in the form of higher savings or lower mortgage rates.
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Liberty Bank Mortgage customers

“For first-time home owners, it gets kind of stressful. It’s a big commitment.

It helps having a bank you can trust, that has good communication and lets you know that everything’s gonna be taken care of.”

Marvin, Raven and little Ethan

Mortgages Made Easy

Credit scores. Down payments. Interest rates. Closing costs. We know. The home buying process feels complicated and expensive, especially when you’re doing it for the first time.

Liberty Bank can help. We offer loans tailored to your needs – low down payments, great rates, and personalized service.

Liberty Bank is here to help you achieve the American Dream of homeownership.

Community Partnerships

Meet Herman Davis, a member of our community outreach team.

You may have seen him hosting educational seminars, meeting with community partners, or attending events in your community. “I’m proud to represent Liberty Bank because we have an impressive track record – over 125 years – of putting customers first,” says Davis.

To speak with Herman about setting up first-time homebuyers seminar in your area, contact him at 773.951.8000.

Herman Davis of Liberty Bank

*Up to $14,000 off down payment & closing cost requirements:

Liberty Bank’s Closing Cost & Down Payment Grant of $4,000 must be used with a Fannie Mae HomeReady (FMHR) fixed-rate loan, term up to 30 years. Property must be located in majority-minority census tract. Funds are limited and cannot be reserved until a completed application is made along with a fully executed sales contract. 

Downpayment Plus is a program offering up to $10,000 from the FHLB Chicago. Restrictions apply. Please see the FHLB Chicago’s website at fhlbc.com for complete requirements.

3% Down Payment Loans available as part of the FMHR Mortgage, please visit Fannie Mae’s website at fanniemae.com for loan requirements.

Loan terms subject to credit approval.  NMLS #787575