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HSP Video

FHLBank Topeka sets aside funds annually within the Affordable Housing Program (AHP) to assist very low, low-, and moderate-income first-time homebuyers.

The Homeownership Set-aside Program (HSP) 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 Colorado, Kansas, Nebraska and Oklahoma. The HSP is provided to households as a forgivable grant with a five-year retention period.

This program is a partnership with FHLBank members. Members work with qualified homebuyers, submit documents to FHLBank, provide the grant funds at closing and request reimbursement of the funds after closing. Homebuyers should contact an FHLBank member to apply for HSP grant funds.

2024 HSP Details

  • HSP round opens March 4, 2024
  • Funds available: $12.9 million
  • Maximum subsidy per household: $15,000
  • Minimum subsidy per household: $2,500
  • Member monthly limit: $105,000
  • Reservations will be accepted on a first-come, first serve basis, subject to member limits through Nov. 29, 2024


HSP Online



To participate in any TurnKey programs, a TurnKey Member Registration Agreement (Registration Agreement) must be completed and submitted to The prior HSP Member Registration Agreement on file with FHLBank Topeka is no longer valid. All members must register to participate in the 2024 TurnKey programs. Upon receipt of the Registration Agreement members may reserve funds during the current and subsequent year's TurnKey funding periods for which subsidies are available. 

The Registration Agreement must be signed by a representative from your institution who is included on the FHLBank Credit Resolution, the FHLBank Credit Authorization or the FHLBank AHP/HSP Authorization Form. Only one Registration Agreement per member is required.

TurnKey Registration Agreement


Message to Homebuyers
The TurnKey products are offered in partnership with FHLBank members. FHLBank does not work directly with homebuyers and does not originate home loans. Contact an 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.


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



Second Quarter 2024 Maximum Mortgage Rates

  • First Mortgage: 8.82
  • Second or Subsequent Mortgage: 10.82


Member Authorization Forms
AHP/HSP Authorization Form identifies your institution's officers, employees and/or agents who are authorized to complete and execute applications, agreements, disbursements requests, reservations, forms and other documents related to the AHP and HSP. Use the AHP/HSP Authorization Form only if your institution has NEVER submitted an AHP/HSP Authorization Form to FHLBank.

AHP/HSP Authorization Form - Supplemental  allows you to designate a new authorized user to the AHP/HSP Authorization Form on file with FHLBank Topeka. Use the AHP/HSP Supplemental Form to add new authorized users for AHP/HSP Online. If you need to remove an authorized user email

HSP Online



Contact Us

To contact our Housing and Community Development department, please email or call 866.571.8155.

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