The Homeownership Opportunity Program (HOP) 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.
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!
Program Requirements
- 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, HOP funds may be used to cover the cost of counseling;
- Total monthly housing debt cannot exceed 40% of the total household gross monthly income.
Make the dream of homeownership a reality.
Mortgage Team
Charlene Maedel-Lomp
Fort Gratiot Branch
NMLS 744948
810.488.8082
Email | Apply now!
Lori L. Schornack
Bad Axe Branch
NMLS 744109
989.269.3566
Email | Apply now!
Ways to Apply
When you are ready to apply for a loan, Northstar Bank has quick and easy options:
- Online Application: Click the "Apply now!" link next to a member of our loan team
- Face-to-Face Appointment: Contact a member of our loan team
- Telephone Application: Contact a member of our loan team
Regardless of what option you choose, your application will receive personal attention, along with a quick turnaround time.
Rates + Terms
As a community bank, we offer low down payment options and flexible terms! Please contact your local mortgage lender to learn more about rates and terms.
Loans are subject to credit approval.
