Your first home. Closer than ever.
Eligible first-time homebuyers may qualify for up to $20,000 in down payment assistance.1

If you’ve been dreaming of purchasing your first home, Launch Down Payment Assistance could help make those dreams a reality. And we’re here to guide you through your journey.
DOWN PAYMENT ASSISTANCE
Launch. Helping homebuyers like you.
DOWN PAYMENT ASSISTANCE
Launch. Helping homebuyers like you.
Through our partnership with the Federal Home Loan Bank of Indianapolis (FHLBI), Lake Trust is proud to bring our members the Launch - Down Payment Assistance program. Launch provides up to $20,000 in down payment, housing counseling, and closing costs assistance to qualified first-time homebuyers when purchasing their primary residence.
Applications through Lake Trust for FHLBI's Launch Program will be accepted starting April 15, 2025, but don't wait to apply! Eligible first-time homebuyers will be assisted on a first-come, first-served basis until the available grant funds are exhausted.

Program qualifications.
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- Intend to purchase an eligible property in Michigan (house, condo, or townhouse)
- Have a documented household income that does not exceed 80% of Area Median income
- Have the ability to contribute at least $500 cash towards the purchase of the home
- Are pre-approved for a mortgage with our partners at Mortgage Center3
- Are a Lake Trust Credit Union member prior to closing
- Successfully complete an eligible Homebuyer Education Program
Your personal mortgage loan officer.
Your personal mortgage loan officer.
When you’re ready to begin toward financing your first home, you’ll have the benefit of a dedicated team of mortgage loan officers, through our partners at Mortgage Center. They’re committed to offering personalized guidance through every step.

Get started.
Please complete the form below to get started. Our partners at Mortgage Center will contact you to determine if you are eligible for the Launch Down Payment Assistance program. The team at Mortgage Center can be reached at 877.288.2862 with further questions.
1 The maximum amount available to first-time homebuyers cannot exceed $20,000, or 20% of the purchase price, whichever is less. The minimum that can be requested per household is $1,000
2 Additional eligibility restrictions apply. Approval to receive Launch program grant funds is solely determined by FHLBI, and is made on a first-come, first-served basis until the grant funds are depleted. Neither Lake Trust nor Mortgage Center approve or deny the Launch program application. Mortgage Center gathers the information and documentation needed to complete the Launch Down Payment Assistance program application. Lake Trust will then submit the completed Launch Down Payment application to FHLBI on behalf of the qualified Lake Trust member.
3 Mortgage Center is an Equal Housing Lender, NMLS# 282701. Lake Trust Credit Union is Federally Insured by NCUA and is an Equal Opportunity Lender