Federal Home Loan Bank of Indianapolis

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) is one of 11 independent regional cooperative banks within the U.S. Federal Home Loan Bank System. Since its founding in 1932, FHLBank Indianapolis has operated as a regional wholesale bank, providing a reliable source of liquidity to its approximately 400 member financial institutions across Indiana and Michigan. It is privately capitalized and funded, owned by its members, and receives no Congressional appropriations.

FHLBank Indianapolis's core mission is to support housing finance, asset-liability management, and community lending by offering wholesale funding solutions like advances and letters of credit. Through its Community Investments Department, the bank also plays a crucial role in fostering affordable housing and economic development initiatives by providing grants and low-cost loans to its members, enabling them to better serve their local communities.

A key offering is the Advantage Mortgage Purchase Program (Advantage MPP), which provides a competitive secondary market alternative for members to sell qualified 5-to-30-year conforming, fixed-rate mortgages with LTVs up to 97%. The bank also offers programs like the Rate Advantage Program, providing incentives for below-market conventional loans to further support affordability for homebuyers through its member institutions.