CFCU and FHLBank Offering Up to $20K in Assistance

Buying your first home is one of life’s biggest milestones – but for many members, the down payment can feel like the biggest hurdle. Christian Financial is proud to support an opportunity that can make that step more achievable: the Federal Home Loan Bank of Indianapolis (FHLBI) Launch Down Payment Assistance Program.

What the Launch Program Offers

The Launch Program is an initiative designed to help first-time homebuyers cover some of the most challenging upfront costs of purchasing a home. Eligible buyers can receive up to $20,000 toward their down payment, closing costs, and required housing counseling. Funds are only available through participating FHLBI member institutions, including credit unions like Christian Financial. Through our partnership as a member of the FHLBI, we participated in several grant programs in 2025, distributing over $300,000 in grants.

Who Can Snag the $20K?

To qualify for the program, you’ll need to check a few boxes. Here’s the quick rundown:
• You must be a first-time homebuyer planning to buy your primary residence in Michigan.
• Your household income can’t exceed 80% of the area median income.
• You’ll need at least $500 to put toward the purchase (and yes, your appraisal fee can count).
• The home must be an eligible property type: single-family homes, townhouses, or condos (with lender approval).
• You must get pre-approved by our partner, Mortgage Center.
• You’ll need to complete pre-purchase homebuyer education.
• The program is only available to CFCU members. If you aren’t a member yet, open a new account before closing.

When Funds Become Available

The Launch Program typically opens once per year, and funds are distributed on a first-come, first-served basis until the funds are exhausted. The 2026 round opens April 14, and funds will go fast.

If you’re a member of Christian Financial Credit Union (CFCU), things get even smoother. CFCU has teamed up with its longtime partner, Mortgage Center, to help members tap into the program. The two have been working together for over 30 years, and since Christian Financial is part-owner of Mortgage Center, there’s an added layer of “we’ve really got your back” baked in.

Why This Matters for First-Time Buyers

Down payment assistance can dramatically accelerate your path to homeownership. For many members, Launch funds can mean:

• Lower upfront cash needed
• A more affordable monthly payment
• The ability to purchase a home sooner
• Greater financial stability during the transition into homeownership

It’s a powerful tool – especially in today’s competitive housing market.

Getting Started

If you’re interested, your first step is completing our quick interest form on our website. We’ll be in touch with more information and how to get pre-approved with Mortgage Center.