TurnKey

*The initial allocations of the 2024 HSP and HOPE funds have been exhausted. Funds for withdrawn, ineligible and expired reservation will be transferred back to the allocation remaining and available for reservation. For funds availability inquiries, please have an AHP/HSP Online Authorized User for your institution log into HSP Online and view the Allocation Remaining on the dashboard.

For more than 25 years, FHLBank Topeka has provided down payment and closing cost assistance to very low-, low- and moderate-income first-time homebuyers as part of our commitment to making housing accessible and affordable in our district.

Introducing TurnKey, FHLBank’s new suite of products designed to provide assistance and address the challenges of attaining homeownership in Colorado, Kansas, Nebraska and Oklahoma. We are proud to support the dream of homeownership and partner with our members to build communities and change lives.

Watch the TurnKey video below to learn about the new suite of products.

TurnKey Introduction Video

HSP

The 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 or constructing homes in our four-state district.

HSP+

The Homeownership Set-aside Program Plus provides down payment, closing cost and repair assistance to first-time homebuyers earning at or below 80% AMI for households purchasing or constructing homes in High-Cost Areas and non-metropolitan Difficult Development Areas in our four-state district.

HOPE

The Homeownership Possibilities Expanded product provides access to the “missing middle” or homebuyers that do not traditionally receive support but need assistance with down payment, closing costs or other eligible repairs in our four-state district. HOPE is NOT limited to first-time homebuyers and household income must be at, or below 150% of the Area Median Income.

Registration

Members of FHLBank Topeka are eligible to participate in the TurnKey programs. Members interview homebuyers, determine and certify household eligibility and submit grant reservations to FHLBank. To participate in any TurnKey programs, a TurnKey Member Registration Agreement (Registration Agreement) must be on file with FHLBank. Contact TurnKey@fhlbtopeka.com for registration information.

Message to Homebuyers
The TurnKey programs are offered in partnership with FHLBank members. FHLBank does not work directly with homebuyers and does not originate home loans. Contact a participating FHLBank member to apply.

Homebuyer Education

Homebuyer education is required for HSP and HSP+. FHLBank will accept certificates from providers approved by the organizations listed below. In general, if the homebuyer education provider is accepted by Fannie Mae or Freddie Mac, FHLBank will accept the course. This includes the online courses CreditSmart, Framework and Homeview.

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

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.

FHLBank recommends the required homebuyer education course be taken prior to the loan closing.

HSP Online