The Homeownership Possibilities Expanded (HOPE) program has finalized grant funding for 2024 and is not accepting applications at this time. Contact us for questions regarding additional mortgage programs.
Qualify for Up To $12,500 Towards Closing Costs or Repair Assistance!
Union State Bank partners with Federal Home Loan Bank (FHLBank) Topeka to offer grant opportunities for qualified home buyers through their TurnKey suite of products. For more than 25 years, FHLBank Topeka has provided down payment and closing cost assistance to low- and moderate-income homebuyers as part of their commitment to making housing accessible and affordable.
TurnKey products include the Homeownership Set-aside Program (HSP) for low to moderate income first-time home buyers, and the Homeownership Possibilities Expanded (HOPE) for low to moderate income home buyers (not limited to first-time home buyers). First time home buyers - click here to see if you are eligible for up to $15,000 towards closing costs or repair assistance.
HOPE grant funds may be used for down payment, closing cost and repair assistance to homebuyers earning at or below 150% of the area median income for households purchasing or constructing homes in Colorado, Kansas, Nebraska and Oklahoma.
Additional grant requirements mandate that at least one adult household member complete a homebuyer education course and provide proof of household income.
The HOPE grant program is offered in partnership with FHLBank members, such as Union State Bank. FHLBank does not work directly with homebuyers. All of Union State Bank’s mortgage officers are trained to assist home buyers in understanding and completing the grant requirements.
Grant funds are limited and are available to qualified buyers on a first-come, first-serve basis. Union State Bank is a Equal Housing Lender, NMLS # 412388, Member FDIC.
- Wages and salaries (including overtime, commissions, fees, tips, bonuses, differential pay, housing allowances, and other compensation including health insurance benefits)
- Income from seasonal and/or non-traditional employment
- Self-employment and/or rental income
- Alimony and/or child support payments
- Payments received for the care of foster children or foster adults
- Unemployment and/or disability compensation, workers' compensation, and/or severance pay
- The full, gross amount of periodic payments received from social security, annuities, insurance policies, retirement funds, pensions, disability and/or death benefits, or other periodic receipts
- Public assistance payments, excluding food stamps
- Lottery or gambling winnings paid in periodic or lump sum payments
- Salaries received from a family-owned business
• Non-borrowing adults and children
• Children and adults that will occupy the residence at any time during the year
| County | Max Income Limits Household 1-4 | Max Income Limits Household 5-8 |
|---|---|---|
| Butler | $110,650 | $146,050 |
| Cowley | $110,650 | $146,050 |
| Chautauqua | $110,650 | $146,050 |
| Harvey | $110,650 | $146,050 |
| Marion | $110,650 | $146,050 |
| McPherson | $110,650 | $146,050 |
| Reno | $110,650 | $146,050 |
| Sedgwick | $110,650 | $146,050 |
| Sumner | $110,650 | $146,050 |
- United States Department of Housing and Urban Development (HUD): http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm
- National Industry Standards of Homeownership Education and Counseling: https://homeownershipstandards.org/home/Home.aspx
- Federal National Mortgage Association: http://www.fanniemae.com
- Federal Home Loan Mortgage Corporation: http://www.freddiemac.com
- Habitat for Humanity
- Various online course providers. Please check with your lender prior to taking the course to ensure the provider meets the homebuyer education requirements.
mechanism ensuring retention for five years (60 months) from the closing date for the purchase of the property as evidenced by the closing document.