Receive up to $20,000 in downpayment assistance and closing costs
The FHLBank Indianapolis is now offering the Launch Down Payment Assistance program, which provides support for down payments, housing counseling, and closing costs to qualified first-time homebuyers. This program is accessible through member financial institutions like Solidarity and is designed to promote homeownership within the community.
- Be a first-time homebuyer at or below 80% of Area Median Income (AMI) based on household size.
- Purchase a single-family home, condominium, duplex, or modular unit.
- Contribute a minimum of $500 towards the purchase of the home.
- Complete a required homebuyer counseling course.
- Not allow total housing debt to exceed 40% of total household gross income.
