FDIC-Insured—Backed by the full faith and credit of the U.S. Government
Independent Bank is proud to announce that they are teaming up with the Community Homes Land Trust in Grand Rapids to help ensure that West Michigan remains a place where families of all income levels can grow and thrive.
Independent Bank is partnering with the Community Multiplier Program, and was presented with a grant totaling $87,500 from the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) to assist eligible applicants in their purchase of a home through the Community Homes Land Trust.
The Community Homes Land Trust was founded in 2019, and was created to empower first-time homebuyers to purchase move-in ready homes without taking on an excessive financial risk or having to compete with investors and cash buyers. Through the land trust model, recipients who finance their home with Independent Bank receive $10,000 to use toward their down payment and/or to buy down the interest rate on their mortgage.
Borrowers are also eligible for no closing costs through Independent Bank’s My Home Reward program. To learn more about this program, please visit IndependentBank.com/personal/loans/mortgage-tools/my-home-reward.
To learn more about Independent Bank and to view all mortgage options, please visit IndependentBank.com/personal/loans/mortgages/. For more information on the Community Homes Land Trust, please contact Dakota Riehl at DRiehl@communityhomeslandtrust.org.
