To qualify for a HOP grant you must:
- be a first-time homebuyer* at or below 80% area median income;
- purchase a single-family home, condominium, duplex, or modular unit;
- contribute a minimum of $1,000 towards the purchase of the home;
- complete a required state, HUD, or FHLBank Indianapolis-approved homebuyer counseling course;
- not allow total housing debt to exceed 35% of total household gross income
To access HOP funds: