Discover Your Path to Affordable Homeownership
Our comprehensive grant and loan programs are designed to empower buyers, making that dream home more accessible than ever. Whether you’re seeking down payment assistance or closing cost relief, our programs – along with our team of genuinely helpful, local lenders – are here for you.
Community Grants
Launch - Down Payment Assistance
Launch – Down Payment Assistance provides qualified first-time homebuyers with down payment, closing and housing counseling cost assistance up to $20,000. Funding for 2026 opens on April 14. Click here to learn more.
Revive – Home Repair Grant
Revive – Home Repair Grant supports income-qualified homeowners with assistance up to $15,000 for eligible home repairs. Revive can help homeowners afford certain costly repairs and accessibility upgrades, allowing them to retain home value and age in place. Funding for 2026 opens on May 28. Click here to learn more.
HomeBoost - Down Payment Assistance Program
HomeBoost provides down payment assistance to first-generation, first-time homebuyers in Indiana or Michigan. Eligible households must be both first-generation and first-time homebuyers who are at or below 120% area median income (AMI) and must intend to purchase a primary residence in Indiana or Michigan. Funding for 2026 opens on July 8.
“It feels so good to now have something that I own and that my kids will hopefully benefit from down the road. This is something that I’ve always wanted to do and have worked for. Without the grant, I would have had to put more money down and it would have led to a hardship in my finances. I just cannot say enough good things about ... how the grant made this homeownership dream a reality.” - Kendra
Affordable Loan Options
HomeReady Loan Program (low down payment)
HomeReady is a loan program that caters to both first-time and current homeowners. To qualify for the mortgage as a first-time home buyer, you must complete an online course provided by Fannie Mae. The course gives a breakdown of the entire home buying process in great detail, and once completed you are awarded a certificate of completion. It is a unique conventional loan that only requires a minimum down payment of 3.00% versus the traditional 5.00%*. To qualify, borrowers must be within 80% of the area’s median income. Access a median income lookup tool at ami-lookup-tool.fanniemae.com.
CommunityMAX Loan Program (100% financing)
CommunityMAX is a 100% financing program that allows a borrower to loan up to the entire purchase price of the home they are buying. In this scenario, there are two mortgages that you are promising to repay: the primary mortgage for the home and a secondary mortgage for the 3.5% down payment. Each mortgage has separate terms and rates. This eases the burden of producing a down payment, and only requires the borrower to cover closing costs and prepaid items. There are no income limits on this product and you do not have to be a first-time home buyer, but the property does have to be eligible for Federal Housing Administration financing.
Contact us today to learn more about each program!
This is not an offer for extension of credit or a commitment to lend. All loans must satisfy bank underwriting guidelines. Contact Community First Bank of Indiana for more information regarding mortgage products and your eligibility. *3% cash required from buyer