What is HOP?

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, made possible by FHLBank Indianapolis, are available on a first-come, first served basis.
 
To qualify for a HOP grant you must:
 
  • be a first-time homebuyer (no ownership of a principal residence within past three years ending on the date of the purchase of the property);
  • at or below 80% area median income (per HUD.gov);
  • purchasing a single-family home, condominium, duplex, or modular unit;
  • contribute a minimum of $500 towards the purchase of the home;
  • complete a required home buyer counseling course;
    • HOP funds may be used to cover the cost of counseling
Contact our mortgage team to learn more!
brenda keen headshot
Brenda Keen
Mortgage Loan Originator
Office Phone: (765) 334-4149
NMLS #955574

*Total household income cannot exceed 80% of area median income per HUD.gov. Geographical limitations & additional qualifications may apply. Program details subject to change without notice. Subject to credit approval. Property insurance required. Rates are subject to change daily. Limited time offer.


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