FHLBank Topeka Homeownership Possibilities Expanded (HOPE)

What is FHLBank Topeka Homeownership Possibilities Expanded (HOPE)?

FHLBank Topeka Homeownership Possibilities Expanded (HOPE) is a grant for homebuyers in Nebraska, administered by Federal Home Loan Bank of Topeka (delivered through participating member institutions).

• Homeownership Possibilities Expanded (HOPE) provides grants of $2,500 or more for down payment, closing costs, and purchase-related repairs to homebuyers at or below 115% AMI buying a primary residence in Nebraska (also CO, KS, OK). Unlike HSP, HOPE is NOT limited to first-time homebuyers, serving moderate-income 'missing middle' buyers. A 5-year retention period is enforced via a recorded RERA.
• Open to first-time AND repeat homebuyers.
• Income up to 115% AMI.
• Covers down payment, closing costs, and purchase-related repairs.
• Minimum $2,500; maximum set by member allocation.
• Funding comes from FHLBank Topeka voluntary contribution (above the required 10% AHP).

How much assistance does it provide?

FHLBank Topeka Homeownership Possibilities Expanded (HOPE) offers up to $2,500 in assistance.

• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — Federal Home Loan Bank of Topeka (delivered through participating member institutions) determines any individual award.

Do you have to pay it back?

FHLBank Topeka Homeownership Possibilities Expanded (HOPE) is structured as a grant, so it is not repaid.

• Repayment is triggered by Sale, transfer, refinance, or cessation of owner-occupancy within the 5-year retention period triggers pro-rated repayment per the RERA. Current owners must sell their primary residence prior to purchase; converting to rental is not permitted.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

FHLBank Topeka Homeownership Possibilities Expanded (HOPE) is open to buyers who will live in the home as their primary residence.

What are the income limits?

FHLBank Topeka Homeownership Possibilities Expanded (HOPE) limits household income to 115% of the area median income, which varies by county and household size.

• Household income at or below 115% of Area Median Income (AMI). 2026 TurnKey income limits published at fhlbtopeka.com.
• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

FHLBank Topeka Homeownership Possibilities Expanded (HOPE) can be used for Single Family.

• New construction is eligible.

Where does it apply?

FHLBank Topeka Homeownership Possibilities Expanded (HOPE) serves buyers purchasing anywhere in Nebraska.

How do you apply?

Applications for FHLBank Topeka Homeownership Possibilities Expanded (HOPE) go through Federal Home Loan Bank of Topeka (delivered through participating member institutions), which publishes the current terms and the application steps on its own site.

1. 1

   Contact Federal Home Loan Bank of Topeka (delivered through participating member institutions) to reserve funds

   Funds are reserved through Allocation-based; eligible members receive a HOPE allocation by scoring criteria; reservations accepted through Sep 30 2026., and are subject to availability.

2. 2

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.