Homeownership Grant Program

Down Payment & Closing Cost Assistance Through FHLBank Topeka’s TurnKey Program

THE TURNKEY PROGRAM

Bennington State Bank partners with FHLBank Topeka to make two TurnKey products available to our customers. Qualified applicants in Colorado, Kansas, Nebraska and Oklahoma may apply.

TURNKEY PRODUCTS

1. Homeownership Set-aside Program (HSP)

The traditional Homeownership Set-aside Program provides down payment, closing cost and repair assistance to first-time homebuyers earning at or below 80% of the area median income (AMI) for households purchasing homes.

• First-time homebuyers may qualify for up to $15,000
  • Grant amount is based on household income
  • Ownership must be retained for 5 years
  • Buyers are eligible for only one grant
  • Available while funds last

2. Homeownership Possibilities Expanded (HOPE)

HOPE helps homebuyers with a household income at or below 150% of the AMI with down payment, closing costs or other eligible repairs. HOPE is not limited to first-time homebuyers.

• You may qualify for up to $12,500 if you are looking to purchase a home
  • Grant amount is based on household income
  • Ownership must be retained for 5 years
  • Buyers are eligible for only one grant
  • Available while funds last

Reservations will be accepted on a first-come, first-serve basis, subject to member limits through November 29, 2024