CASE Credit Union has partnered with the Federal Home Loan Bank of Indianapolis (FHLBI) to provide the Launch Program. Launch is a grant that helps first-time homebuyers with assistance with a down payment, closing costs, and counseling costs. Grants of up to $20,000 per household are available on a first-come, first-served basis. For information, contact Bill at 517.367.1008.
PROGRAM REQUIREMENTS
To qualify for a Launch 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 $500 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 40% of total household gross income