Make the dream of home ownership a reality.
What is Launch?
The Launch Down Payment Assistance Program from FHLBank Indianapolis helps first-time homebuyers with assistance for down payment, closing costs and counseling costs.
Up to $20,000 per household may be requested! Funds are available on a first-come, first-served basis. Northstar Bank works directly with first-time homebuyers to help meet the program requirements.
Qualifying Households Can Receive up to $20,000 in Assistance With a Mortgage
- First-time homebuyer at or below 80% area median income;
- Purchase a single-family home, condominium, duplex, or modular unit;
- Contribute a minimum of $500 towards the purchase of the home;
- Complete a required homebuyer counseling course, Launch funds may be used to cover the cost of counseling;
- Total monthly housing debt cannot exceed 40% of the total household gross monthly income.
Mortgage Team
Charlene Maedel-Lomp
NMLS 744948
810.488.8082
Email | Apply now!
Lori L. Schornack
NMLS 744109
989.269.3566
Email | Apply now!
Loans are subject to credit approval.
