Qualifying Households Could Get Up To $20,000 Toward Their Home Purchase¹
The Homeownership Opportunity Program (HOP) grant from FHLBank Indianapolis helps first-time homebuyers with assistance for down payment, closing costs and counseling costs. Up to $20,000 per household may be requested. Funds are available on a first-come, first served basis, and the funding is announced each spring.
Program Requirements
- Be a first-time homebuyer at or below 80% area median income;
- Purchase a single-family home, condominium, duplex, or modular unit;
- Member to contribute a minimum of $500 of their own funds toward purchase;
- Complete a required home buyer counseling course (HOP funds may be used to cover the cost of counseling).
Text our Lending Team to learn more. 906-341-3118
¹The Homeownership Opportunities Program is for qualifying first-time homebuyers or for those who have not owned a home in the preceding 3 years. Funds are provided by FHLBank Indianapolis through a partnership with Limestone FCU. Program eligibility requirements apply.
