Chicago-area residents looking to buy their first home will now have access to a new down payment assistance credit courtesy of a partnership between mortgage finance company Freddie Mac and mortgage lender Rocket Mortgage.Freddie Mac launched a program called BorrowSmart Access early this month, allowing some first-time homebuyers in 10 metropolitan areas - including Chicago - to receive a $3,000 grant toward a down payment on a single home or two-flat if they receive loans from Rocket Mortgage, the country's biggest lender.
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