Federal Tax Credit and HOP Grants
The Homeownership Opportunities Program (HOP) provides up to $5,000 of down payment and closing cost assistance to first-time homebuyers. For many home buyers, the down payment and/or closing costs are a huge hurdle; this program is designed to assist those buyers.
HOP will match a homeowner's funds three-to-one. FHLBI** will also match funds received from owners’ savings, gifts and other grants.
For more information on how to use these programs when buying a home from Eastwood Custom Homes, call us at 231-929-4663.