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Homeownership Opportunities Program

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

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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.