Down Payment Assistance Program* | Indiana
What is Launch*?
The Launch – Down Payment Assistance grant program from the Federal Home Loan Bank of Indianapolis helps first-time homebuyers with assistance for down payment, closing and housing counseling costs when purchasing a primary residence. Launch funds are exclusively available to households who work with an FHLBank Indianapolis member financial institution.
To qualify for Launch* you must:
- Be a first-time homebuyer.
- Have a household income at or below 80% area median income (AMI).
- Contribute a minimum of $500 towards the purchase of the home.
- Complete a homebuyer education course.
- Launch funds may be used to cover the cost of homebuyer education.
Qualified households may receive up to $20,000 in down payment assistance*!
*All programs subject to change without notice. Loans are subject to credit approval. Additional eligibility requirements, restrictions and limitations may apply. Property insurance maybe required. Additional fees may apply. Minimum $500 down payment from borrower required. Down payment assistance amount will be dependent on eligibility requirements, restrictions and limitation could apply.
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