Homeownership Opportunities Program (HOP)
Stop Dreaming. Start Owning!
The right financing option could unlock the door to your first home sooner than you ever imagined.
We partner with the Federal Home Loan Bank of Indianapolis to offer Homeownership Opportunities Program (HOP) grants. Qualifying first-time home buyers who can provide at least $1,000 of their own money toward the purchase of their home, could receive up to $10,000 in grant assistance.*
We’ve also taken the extra step to develop a unique mortgage option that can be used in combination with the HOP grant to help qualifying individuals and families with low to moderate incomes make their first home a reality. Not everyone will qualify for these special financing programs, and some may need to develop a more realistic timeframe to achieve their goal. Wherever you find yourself financially, our team offers the advice, education and tools to help put you on the path to homeownership.
* Subject to credit approval. HOP funds are limited each year and are available on a first-come, first-served basis. 1st Source checking account required. See your nearest 1st Source banking center for complete program details.