We proudly participate in the Federal Home Loan Bank of Indianapolis (FHLBI) HomeBoost program to help qualified borrowers achieve homeownership. This program provides grant funds to assist with down payment and closing costs when funding is available.
2025 Program Highlights
- Up to $25,000 in grant funds
- Can be used for down payment, closing costs, and homebuyer education
- Funds do not need to be repaid
Eligibility Requirements
- First-time and first-generation homebuyer
- Purchasing a primary residence in Indiana or Michigan
- Household income at or below 120% of Area Median Income (AMI)
- Minimum borrower contribution (e.g., $500)
- Completion of homebuyer education course
Availability
- Offered only when funds are available through FHLBI
- Funds are limited and distributed on a first-come, first-served basis
Benefits
- Reduce upfront costs significantly
- Combine with other mortgage programs like Premier, HomeOne®, or Home Possible®
- Make homeownership more affordable and achievable
How to Apply
- Contact your Mortgage Loan Originator to confirm current availability
- Complete eligibility verification and homebuyer education
- Apply for DPA alongside your mortgage application
- Funds applied at closing