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Homeownership Opportunities Program (HOP)


Down payment and closing cost requirements frequently prohibit people from buying a home.

To make housing more accessible, Macatawa Bank is a partner with the Federal Home Loan Bank of Indianapolis (FHLBI) to provide a Homeownership Assistance program. If you would like to discuss your homeownership options, contact one of Macatawa Bank’s mortgage professionals and they can walk you through all of the financing options available to you. 

Homeownership Opportunities Program (HOP)

The FHLBI’s Homeownership Opportunities Program (HOP) can make homeownership more than a dream. If you are a first-time homebuyer and meet the income and employment qualifications, HOP may be able to assist with down payment and closing costs, and improve your eligibility for mortgage financing.  A minimum contribution of $1,000.00 of your own cash toward the purchase of the home is required.  Grants or gift funds may make up the rest of the down payment.  Monthly income and total monthly expense limits apply.  HOP funds are available on a first-come first-served basis and funds are typically released mid to late March of each year. For Additional Information visit the FHLBI website. To set up a meeting with a Macatawa Bank mortgage professional, fill out the form below, or find one of our lenders in your area.

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