Skip nav to main content.
Zing Logo and Homepage Link
Zing Logo
Zing Logo

Down Payment & Closing Cost Assistance

Down Payment & Closing Cost Assistance

Where we make homeownership made easier: TurnKey products for Colorado.

View Rates

What is FHLBank Topeka’s TurnKey Program?

FHLBank Topeka’s TurnKey Program is a financial toolkit designed to assist credit unions to streamline processes and enhance financial management. Additionally, it offers three customized TurnKey products to support members in achieving homeownership goals.

We partnered with FHLBank Topeka to make three TurnKey products available to you


Homeownership Set-aside Program (HSP)

The traditional Homeownership set-aside Program provides down payment, closing cost and repair assistance to first-time homebuyers earning at or below 80% of the area median income (AMI) for households purchasing homes.


Homeownership Set-aside Program Plus (HSP+)

HSP+ provides down payment, closing cost and repair assistance to first-time homebuyers earning at or below 80% AMI for households purchasing homes in High-cost Areas and counties located in non-metropolitan Difficult Development Areas.


Homeownership Possibilities Expanded (HOPE)

HOPE helps homebuyers with a household income at or below 150% of the AMI with down payment, closing costs or other eligible repairs. HOPE is not limited to first-time homebuyers.

General Homebuyer Education Requirements:

  • Homebuyer education must be completed within the current or previous calendar year of the purchase closing date. The date of course completion must be visible on the homebuyer education certificate.
  • Only one adult household member must complete the homebuyer education course and be named on the certificate.
  • The provider must sign the certificate if the course is taken in a classroom or face-to-face setting. If the course is taken online, the homebuyers signature is not required.
  • If Homebuyer Education is taken through an online platform, such as EHomeAmerica, ensure the provider meets FHLBank Requirements. EHomeAmerica is not the Homebuyer Education provider.

Get started

If you think you qualify, talk to a mortgage specialist today! TurnKey funds are reserved on a first-come, first-served basis and are available March 4, 2024