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Launch Down Payment Assistance

What is Launch?

Launch is a down payment assistance grant program from the Federal Home Loan Bank of Indianapolis, designed to help first-time homebuyers with the upfront costs of buying a home—including down payment, closing costs, and housing counseling. Eligible buyers can receive up to $20,000 when working with a participating FHLBank Indianapolis member financial institution, such as First State Bank.

To Qualify for Launch, You Must:

  • Be a first-time homebuyer
  • Have a household income at or below 80% of the area median income (AMI)
  • Contribute at least $500 toward your home purchase
  • Complete an approved homebuyer education course

Additional eligibility requirements and restrictions may apply.

Down Payment Assistance Programs - Side Card

Down Payment Assistance Programs

Down payment assistance programs are designed to give you a boost whether you're a first-time buyer or just need a little extra help. 

Do You Qualify for Launch?

To learn more about Launch and to find out if you qualify, contact us today to connect with a Down Payment Assistance & Home Grants Consultant.

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