Independent Bank Now Offers the HomeBoost Down Payment Assistance Program Providing Up to $25,000 for First-Time Homebuyers

In partnership with the Federal Home Loan Bank of Indianapolis (FHLBI), Independent Bank now offers the HomeBoost Down Payment Assistance program, where qualified applicants could receive financial assistance up to $25,000* per household to put towards down payment, closing costs, and housing counseling costs for their first home.

To qualify for the HomeBoost program, applicant(s) must be a first-time homebuyer; be purchasing a primary residence in Indiana or Michigan; have a household income at or below 120% of the local HUD Area Median Income based on family size; and identify as either a minority or a first-generation homebuyer or both. For minority, at least one applicant must self-identify as a Black or African American, Asian, Hispanic or Latino, American Indian, or Alaska Native, and/or Native Hawaiian or other Pacific Islander.

No repayment of funds is required. Funds are limited, and available on a first-come, first-served basis until all funds are exhausted.

To learn more about the HomeBoost Down Payment Assistance program, and to see if you qualify, please visit IndependentBank.com/25k.