Make the Dream of Homeownership a Reality

HOP Grant – For full program/underwriting guidelines and to access HOP funds, please reach out to one of our qualified loan officers.


The Homeownership Opportunity Program (HOP) grant 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, until funds are exhausted. Funds renew each year in the spring, subject to availability.


To qualify for a HOP grant you must:

Be a first-time homebuyer* at or below 80% area median household income;  HUD Income Limits

Purchase a single-family home, condominium, duplexes, or modular unit;

Contribute a minimum of $500 towards the purchase of the home;

Complete a required state, HUD, or FHLBank Indianapolis-approved homebuyer counseling course; – HOP funds may be used to cover the cost of counseling

Total housing debt including principal, interest, taxes and insurance (and any HOA dues) not to exceed 40% of total household gross income

The HOP grant can be used in conjunction with any eligible purchase mortgage and borrower must meet all Fannie/Freddie loan eligibility and requirements.

Income must be evaluated on a per household basis, considering all persons that will be living in the home, and must be at or below 80% of the HUD area median income limit, based on household size and geographic location.

Borrowers will sign a retention agreement at close; if the home is sold in the first five years a portion of the grant will need to be returned, calculated on a pro-rated basis.