Homeownership Opportunity Program (HOP)
Community Programs
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.
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:
Participating Members List
Member financial institutions must submit a Homeownership Initiatives Master Agreement and a Homeownership Initiatives Registration-Certification form found below. Annually funds are disbursed on a first-come, first-serve basis.
See the 2024 HOP Guidelines for more details.
MEMBERS WHO PARTICIPATED IN 2023 WILL RECEIVE A REGISTRATION RENEWAL FROM FHLBank INDIANAPOLIS AND DO NOT NEED TO SUBMIT THE AGREEMENTS BELOW.
2024 Homeownership Initiatives Master Agreement and Registration
FHLBI.GIVES User Registration Form (FHLBI Members Only)
FHLBI.GIVES User Guide
To qualify for a HOP grant you must:
*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.
$12 million
Program Webinars
.GIVES Login and User Guides
The FHLBank Indianapolis member institution that facilitated the original HOP grant is responsible for preliminary payoff calculations as well as the release or subordination of the retention agreement. Follow the steps in the HOP Payoff Worksheet to determine a payoff amount, if any.