The Homeownership Opportunities Program (HOP) is a grant to help qualified first-time homebuyers with down payment, closing and housing counseling cost assistance.
* Funds can only be accessed by participating FHLBank Indianapolis member financial institutions.
For Potential Homeowners
Are you looking for assistance in using HOP? Homebuyers must apply through one of our participating member institutions. Find a participating FHLBank Indianapolis member by clicking this link.
2023 Participating Members
Getting Started with HOP

How do FHLBank Indianapolis Members access HOP funds? 
How do first time homebuyers qualify for and access HOP funds? To qualify for a HOP grant you must:
- be a first-time homebuyer at or below 80% Area Median Income (AMI);
- 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 38% of total household gross income.
*All requirements for the program can be found in the HOP Guidelines under HOP Resources below.
To access HOP funds, home buyers must work through one of our participating FHLBank Indianapolis member institutions.