See programs you qualify for

Get Matched Free →

FHLBank Indianapolis Launch Down Payment Assistance

Administered by:
Federal Home Loan Bank of Indianapolis
· Nonprofit · Grant
Funding status: Active

How much assistance

Up to $20,000

Eligibility

  • Income limits: At or below 80% of area median income (AMI)
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years
  • Geographic restrictions: Indiana and other FHLBank Indianapolis member states
  • Homebuyer education required: Yes

How to Apply for FHLBank Indianapolis Launch Down Payment Assistance

Apply through a participating FHLBank Indianapolis member financial institution. Funds cover down payment, closing costs, and housing counseling costs. The 2026 funding round opens April 14, 2026. Contact a participating lender in the Lafayette area such as Purdue Federal Credit Union.

Learn More About Homebuying Assistance

Cities Where This Program Is Available (19 cities across 1 state)