HSP+

The Homeownership Set-aside Program Plus (HSP+) provides down payment, closing cost and purchase-related repair assistance to first-time homebuyers earning at or below 80% of the Area Median Income (AMI) for the purchase of a primary residence located in high-cost and difficult development areas within FHBank Topeka's four-state district.

HSP+ cannot be combined or stacked with other TurnKey programs. All income eligibility requirements and most general program guidelines apply to both HSP and HSP+. Like HSP, HSP+ is offered through a partnership with participating FHLBank members working together to strengthen communities and increase affordable housing opportunities.

2026 HSP+ Details

Program opening date: March 2, 2026
Funds available: $1.5 million
Maximum subsidy per household: $25,000
Minimum subsidy per household: $2,500
Property being purchased must be located in a high-cost area or non-metropolitan difficult development area. See qualifying counties >>>>>.
Member monthly limit: $175,000
Homebuyer education required
Five-year retention period — obtain Real Estate Retention Agreement (RERA) in Resources section of this webpage.
Reservations accepted on a first-come, first served basis, contingent on member monthly limits and the availability of funds through Sept. 30, 2026.
2026 program changes and guidelines can be found in the HSP/HSP+ User Guide.
Looking ahead to 2027: Members must successfully fund a 2026 HSP or HSP+ reservation to qualify for a 2027 HOPE allocation.

Registration

TurnKey is offered in partnership with FHLBank members. Members are responsible for interviewing households to determine eligibility, submitting required documentation, advancing grant funds at loan closing and requesting reimbursement following loan closing. To participate in TurnKey, a TurnKey Member Registration Agreement (Registration Agreement) must be on file with FHLBank. Once submitted, the Registration Agreement remains valid for current and future rounds, eliminating the need for annual registration. 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 an FHLBank member to determine eligibility and 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): https://hud4.my.site.com/housingcounseling/s/?language=en_US
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

Resources

First Quarter 2026 Maximum Mortgage Rates

First Mortgage: 8.15
Second or Subsequent Mortgage: 10.15

Income

2026 TurnKey Income Limits AHP/TurnKey Zero Income Certification Form AHP/TurnKey Verification of Employment AHP/TurnKey Profit & Loss Statement TurnKey Self-Employment Decision Tree TurnKey ICW Rev. 2.1.26

Forms, Guides and Resources

AHP Implementation Plan HSP/HSP+ User Guide TurnKey Closing Checklist Down Payment Assistance Product Matrix Authorized Users in HSP Online TurnKey Program Decision Tree

Retention

Real Estate Retention Agreement Rev. 2.1.25 Sample Real Estate Retention Agreement

Links

Member Directory Code of Federal Regulations TurnKey Participating Members List Rev. 1.14.26

HSP+ Eligible Counties

Difficult Development Areas - Non-metropolitan counties with high land, construction and utility costs relative to the area median income. Designations are validated using the HUD website.

High-Cost Area - Counties in which 115% of the local median home value exceeds the baseline conforming loan limit as established annually by the Federal Housing and Finance Agency.

HSP+ Eligible Counties

Colorado