Launch Down Payment Assistance

Launch Down Payment Program

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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.

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