WHAT IS HOP?

The Homeownership Opportunities Program (HOP) is a grant to help qualifying first-time home buyers with down payment and closing cost assistance. 

Funds can only be accessed by participating FHLBank Indianapolis Member financial institutions.

Members may request up to $8,000 per household when originating the purchase mortgage, or up to $4,000 when another institution originates the purchase mortgage.

For Potential Homeowners

Are you a looking for assistance in utilizing HOP? Find a participating FHLBank Indianapolis member below.

Find a participating member

NOTE: In order to use HOP, you must work through a participating FHLBank Indianapolis member institution.

Homeownership Opportunities Program (HOP)

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2020 HOMEOWNERSHIP INITIATIVES FUNDS STATUS

Funds for the 2020 round of the Homeownership Initiatives (HOP/NIP/AMP) are now available.

FUNDS REMAINING: $2,375,519

AMI Lookup - HOP/NIP/AMP

Select the State, County, MSA, and Household Size to view the AMI percentage income limits.






The AMI Calculator is for reference. All grants are awarded according to the Implementation Plan.