See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 12, 2026
Homebuyer Programs in Crown Point, IN (2026)
Crown Point is a city of about 35,000 residents and the county seat of Lake County in Northwest Indiana. The median home price is approximately $315,000. Homebuyers in Crown Point can take advantage of the Lake County Homebuyer Assistance Program, which provides up to $5,000 in grant funds, along with the Hoosier Homes Down Payment Assistance offering up to 5% of the purchase price as a forgivable loan and the FHLBank Indianapolis Launch program offering up to $20,000 in grants. Combined with state programs like IHCDA First Step (up to 6% of purchase price) and IHCDA Next Home, buyers have multiple options to stack assistance and reduce their upfront costs.
County Programs in Lake County
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Lake County Homebuyer Assistance Program | Grant | Up to $5,000 | No | View → |
- Type:
- Grant
- Amount:
- Up to $5,000
- First-time only:
- No
State Programs in Indiana
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| IHCDA First Place Program | Forgivable Loan | Up to 6% of the purchase price | Yes | View → |
| IHCDA Mortgage Credit Certificate (MCC) | Tax Credit | Up to $2,000 per year in federal tax credits | Yes | View → |
| IHCDA Next Home Program | Forgivable Loan | Up to 3.5% of the purchase price (FHA) or 3% (Conventional) | No | View → |
- Type:
- Forgivable Loan
- Amount:
- Up to 6% of the purchase price
- First-time only:
- Yes
- Type:
- Tax Credit
- Amount:
- Up to $2,000 per year in federal tax credits
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to 3.5% of the purchase price (FHA) or 3% (Conventional)
- First-time only:
- No
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHLBank Indianapolis Launch Down Payment Assistance | Grant | Up to $20,000 | Yes | View → |
| Habitat for Humanity of Northwest Indiana Homeownership Program | Zero-Interest Loan | Affordable mortgage with no traditional down payment required | Yes | View → |
| Hoosier Homes Down Payment Assistance | Forgivable Loan | Up to 5% of the purchase price | No | View → |
- Type:
- Grant
- Amount:
- Up to $20,000
- First-time only:
- Yes
- Type:
- Zero-Interest Loan
- Amount:
- Affordable mortgage with no traditional down payment required
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to 5% of the purchase price
- First-time only:
- No
How to Apply
Step 1: Check your eligibility. Most programs require household income at or below 80% of the area median income (AMI) for Lake County. The Lake County Homebuyer Assistance Program has specific income limits based on family size.
Step 2: Complete homebuyer education. HUD-approved housing counseling is available through agencies in the Northwest Indiana area. Contact a local HUD-approved counselor or call (800) 569-4287 to find a course near you. Most assistance programs require a certificate of completion.
Step 3: Contact the Lake County Community Economic Development Department at (219) 755-3225 to apply for the Lake County Homebuyer Assistance Program. Their office is located at 2293 North Main Street, Room A-310, Crown Point, IN 46307. This program offers up to $5,000 in grant funds for income-eligible buyers in the entitlement area.
Step 4: Get pre-approved for a mortgage through an IHCDA-participating lender. Ask your lender about IHCDA First Step (up to 6% of purchase price for first-time buyers) and IHCDA Next Home (up to 3-4% of purchase price, no first-time buyer requirement).
Step 5: Ask your lender about the Hoosier Homes Down Payment Assistance program, which provides up to 5% of the purchase price as a forgivable second mortgage with no payments and no interest for qualifying buyers at or below 80% AMI.
Step 6: Explore additional grant funding through the FHLBank Indianapolis Launch program, which offers up to $20,000 in grants for qualifying buyers. Your lender must be a member of the Federal Home Loan Bank of Indianapolis to access this program.
Step 7: Find a home in Crown Point within program guidelines and submit your purchase agreement. Your lender will coordinate the various assistance programs and guide you through the closing process.
Frequently Asked Questions
How much down payment assistance can I get in Crown Point?+−
Do I have to be a first-time homebuyer to get assistance in Crown Point?+−
What are the income limits for homebuyer programs in Crown Point?+−
What homebuyer education is required in Crown Point?+−
Is Crown Point in the Lake County entitlement area?+−
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