FDIC logo

FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Community Home Loan

A special mortgage with a low down payment, lower closing costs and the potential for a grant to help with down payment or closing costs.

Building community one affordable mortgage at a time.

At German American Bank, we're committed to helping the homeowners in our community in every way possible. Whether it’s your first home, a bigger home for your growing family or a smaller one for your retirement, our Community Home Loan program will help you get there. If your income is below 80% of the median household income in your area, this affordable program may be just the financing solution you need.*

Features & Benefits

  • As low as 3% down payment required
  • No private mortgage insurance (PMI)
  • Fixed interest rate and monthly mortgage payments
  • Single-family, one-unit primary residence homes only
  • Income restrictions apply
  • $2,500 grant to assist with down payment and/or closing costs
  • Free prequalification

Related Products

More German American Bank products and services we think you'll like.

  • $MART Checking

    What does $MART Checking offer that makes it so smart? Truly useful offers – and lots of them. Make the smart move. Open a checking account today

  • Wealth Management

    Build wealth and keep it with financial advisement you can trust. Protect your financial future with a solid plan and an experienced financial planner.

    Investment Products are not insured by the FDIC, are not deposits, and may lose value.

  • School Spirit Card

    Show your school spirit with the Visa® School Spirit Check Card, free with any checking account. We'll donate to your school of choice with every purchase.

Financial Resources

Access to security tools, CD calculators and more at your fingertips. View Resources

*Subject to credit and underwriting approval. A refinancing does not qualify. Your mortgage payment may stay the same; however, if you escrow taxes and insurance, those amounts may change annually.

Available in the German American Bank markets in Indiana and Kentucky.