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Down Payment Assistance

Mortgage > Mortgage Resources > Down Payment Assistance

Let's Get You Home, Together!

Buying a home is a big step, and we’re here to help make it easier. 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. With flexible options and local guidance, we’ll walk you through what’s available and what fits best. 

Available Programs

Open Door Grant
Summary
Up to $7,500 toward down payment and closing costs.
Timeframe
While funds last.
Purpose
Reduce upfront home purchase costs.
Funder
FSB
Up To Amount
$7,500
Qualification Criteria (Summary)
First-time buyer, 640+ credit score, HUD income limits, DTI <= 45%. 24-month job history. Education required.
Special Eligibility
HUD income limits, must be a first-time buyer.
Learn More
First-Generation DPA
Summary
Up to $25,000 for down payment, closing costs, and escrows.
Timeframe
Pilot; $8M total.
Purpose
Make first-time homeownership attainable.
Funder
MSHDA
Up To Amount
$25,000
Qualification Criteria (Summary)
First-gen buyer, no ownership in 3 yrs. Income & price limits apply. 1% buyer funds. In-person education required.
Special Eligibility
Includes aged-out foster youth & emancipated individuals.
Learn More
MSHDA DPA Grant
Summary
Up to $10,000 for down payment; supports various loan types.
Timeframe
Limited funds; ongoing.
Purpose
Help with down payment on home purchase.
Funder
MSHDA
Up To Amount
$10,000
Qualification Criteria (Summary)
First-time buyers statewide or repeat buyers in targeted areas. 640+ credit. Income & price limits apply. Education required.
Special Eligibility
Targeted areas for repeat buyers.
Learn More
Launch
Summary
Up to $20,000 for down payment, closing, and counseling.
Timeframe
Rolling availability; limited funds.
Purpose
Support first-time homebuyers with closing/down payment costs.
Funder
FHLBI
Up To Amount
$20,000
Qualification Criteria (Summary)
First-time buyer, income ≤ 80% AMI, $500 contribution. Education required.
Special Eligibility
Must use FHLBI member lender.
Learn More
Revive Home Repair Grant
Summary
Up to $15,000 for health/safety home repairs.
Timeframe
Subject to funding availability.
Purpose
Home repair and accessibility updates.
Funder
FHLBI
Up To Amount
$15,000
Qualification Criteria (Summary)
Owner-occupied, income ≤ 80% AMI. Current on mortgage/taxes. No credit score required.
Special Eligibility
Homeowners only; FHLBI lender required.
Learn More

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