Federal Home Loan Bank of Indianapolis (via participating member financial institutions)
Up to $0 toward a down payment in MI.
Multistate (Indiana and Michigan) down payment assistance program for first-generation, first-time homebuyers at or below 120% AMI. Provides assistance for down payment, closing, and counseling costs. Delivered exclusively through FHLBank Indianapolis member financial institutions; the Bank does not work directly with households. 2026 round opens July 8 with a $5.3M allocation.
Short reads on how it works, in plain language. Free, no sign-up needed to read.
Free course from Hey Prescott
A short, free course on FHLBank Indianapolis HomeBoost Down Payment Assistance: what it is, who it is for, whether it has to be paid back, where it applies and how to apply. Based on program data from July 2026. About ten minutes.
5 modules · About 10 minutes
Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.