First Time Homebuyers
Making homeownership dreams a reality for first-time buyers to support homeownership in our communities. In partnership with Federal Home Loan Bank of Indianapolis, Launch, provides down payment assistance to support closing costs, down payment, and housing counseling.
Buying your first home?
* Get assistance with down payment, closing costs and housing counseling
* Available to first-time homebuyers who meet income requirements
* Must contribute at least $500 toward home purchase
Prospective homeowners may access Launch funds by working with State Bank. Find out if you are eligible now! Call 765-483-6397 or email mortgagegroup@statebank1910.bank
Buying your first home can be an exciting but daunting process. Luckily, your community bank is ready to help you through every step of the process – from pre-approval all the way to the closing
table. There are a lot of ways to finance your first home, and we can educate you on the advantages and disadvantages of each so you can make the best decision possible. In addition to traditional funding options, State Bank partners with the Federal Home Loan Bank of Indianapolis to offer first-time homebuyer grants.
- Down payment as low as 3%*
- Part of your down payment may be a gift*
- May be eligible for a fully forgivable grant (see above)
Did you know? A first-time home buyer is defined as anyone that has not owned his/her own home in the past 3 years.
*All loans are subject to credit approval. Ask your State Bank mortgage loan originator for details on rates and fees for mortgage loan options. **Grants based on availability of funds through Federal Home Loan Bank programs. Certain restrictions apply. Contact us for more information. Equal Housing Lender.
