First-Time Homebuyer Down Payment Assistance

The FHLBI Launch Program provides up to $20,000 in assistance for first-time homebuyers to cover down payments, closing costs, and counseling fees. Starting April 15, 2025, with $9.8 million in available grants, funds will be distributed on a first-come, first-serve basis until exhausted.

Qualifications

First-time homebuyers intending to purchase a primary residence in Michigan who:

  • Have household income at or below 80% of the area's median income
  • Must contribute $500 towards the home purchase (appraisal fee can be applied)
  • Eligible properties are single-family homes, townhouses, and condominiums (subject to lender approval)
  • Pre-approved by our partner, Mortgage Center
  • Complete pre-purchase homebuyer education**
  • Must be an Advia member prior to closing

Advia Credit Union partnered with Mortgage Center

Our trusted partner, Mortgage Center.

Their team of experts will help you find a mortgage tailored to your needs. Together, we're here to help you turn your dream of owning a home into a reality.

Get started today by filling out the form below.

This is not an official application — just a quick way for us to determine if you may qualify for down payment assistance. If you meet the criteria, a representative from our partner, Mortgage Center, will contact you.

Are you a first-time homebuyer?*

By submitting your phone number, you are providing express written consent for Mortgage Center LC and its affiliates, agents, and service providers to contact you at that number regarding products or services, including via auto-dialed and/or prerecorded or artificial voice calls and text messages (SMS and MMS). You may also reach Mortgage Center at 800-450-5057 and we can assist you. Your consent is not required or a condition of any purchase. Message and data rates may apply. Mortgage Center is an Equal Housing Lender, NMLS# 282701.

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*If a Launch-assisted home is sold or refinanced within the five-year retention period, a portion of the grant funds received may need to be returned.

**Housing Counseling Requirements: May only provide Launch funds to households that complete a homebuyer or homeowner counseling program provided by, or based on one provided by, an organization experienced in homebuyer or homeowner counseling, A completion certificate must be provided showing the date of completion, provider of the training and any certifications the program may have obtained. Counseling must take place before closing and generally not more than one year earlier than the enrollment date. Launch funds may be used to pay housing counseling where counseling fees have not been covered by another funding.