News by "membership benefits" - Federal Home Loan Bank of Indianapolis

FHLBank Indianapolis allocates nearly $7 million to Rate Advantage mortgage program for low-income homebuyers

Affordable Housing Member Announcements FHLBank Indianapolis allocates nearly $7 million to Rate Advantage mortgage program for low-income homebuyers In response to heavy member demand, the Board of Directors of FHLBank Indianapolis recently approved adding $2.7 million to its new Rate Advantage Program, bringing the total allocation to $6.7 million to make homeownership more affordable to hundreds of low-income residents in Indiana and Michigan.

FHLBank Indianapolis adds $3 million to popular new home loan program with below-market rates

Federal Home Loan Bank Indianapolis Member Announcements FHLBank Indianapolis adds $3 million to popular new home loan program with below-market rates The new MPP Rate Advantage Program incentivizes Bank members to fund mortgage loans to low-income borrowers by offering below-market note rates. Launched with $1 million on Aug. 15, 2024, the initial 100 loans were locked in under six weeks, In September, $3 million was added to extend the program.

Federal Home Loan Bank Indianapolis Community Investments Elevate Spotlight: Owl Creek Construction of Evansville, Ind. Elevate Spotlight is an ongoing series of profiles focused on recipients of our Elevate Small Business Grants. Watch this space and our social media for future occasional installments. First up: Owl Creek Construction in Evansville, Ind., a company specializing in small concrete projects.