The homeownership Program

CASE Credit Union has partnered with the Federal Home Land Bank of Indianapolis (FHLBI) to provide the Homeownership Opportunity Program (HOP). HOP is a grant that helps first-time homebuyers with assistance with a down payment, closing costs, and counseling costs. Grants of up to $10,000 per household are available on a first-come, first-served basis. For information, contact Norma at 517.367.1052.

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PROGRAM REQUIREMENTS

To qualify for a HOP grant, you must:

• be a first-time homebuyer* at or below 80% area median income;
• purchase a single-family home, condominium, duplexes, 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;
  • HOP funds may be used to cover the cost of counseling
•  not allow total housing debt to exceed 38% of total household gross income