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Homebuyer Programs in Fort Wayne, IN (2026)

Population: 264,394 | Median home price: $210,000 | Est. closing costs: $4,000 - $6,500

Last updated April 12, 2026

Skyline of Fort Wayne, IN

Fort Wayne is Indiana's second-largest city and the seat of Allen County, with a median home price around $210,000 that makes it one of the most affordable mid-size cities in the Midwest. Buyers can take advantage of the Hoosier Homes Down Payment Assistance program, which offers up to 5% of the purchase price as a forgivable second mortgage through the Fort Wayne Housing Authority. The City of Fort Wayne also offers its own Home Buyer Down Payment Assistance program providing up to $8,000 in forgivable loans through the Office of Housing and Neighborhood Services. Combined with IHCDA state programs like First Place (up to 6% of the purchase price) and Next Home (up to 3.5%), Fort Wayne buyers could stack over $20,000 in down payment assistance toward their home purchase.

City Programs in Fort Wayne

Fort Wayne Home Buyer Down Payment Assistance
Type:
Forgivable Loan
Amount:
Up to $8,000
First-time only:
Yes

State Programs in Indiana

IHCDA First Place Program
Type:
Forgivable Loan
Amount:
Up to 6% of the purchase price
First-time only:
Yes
IHCDA Mortgage Credit Certificate (MCC)
Type:
Tax Credit
Amount:
Up to $2,000 per year in federal tax credits
First-time only:
Yes
IHCDA Next Home Program
Type:
Forgivable Loan
Amount:
Up to 3.5% of the purchase price (FHA) or 3% (Conventional)
First-time only:
No

Federal Programs

FHA Loans
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
FHLBA Community Partners Product
Type:
Forgivable Loan
Amount:
Up to $20,000 in home purchase assistance for down payment and closing costs
First-time only:
No
FHLBA First Time Homebuyer Product
Type:
Forgivable Loan
Amount:
Up to $17,500 in home purchase assistance for down payment and closing costs
First-time only:
Yes
FHLBA Workforce Housing Plus+
Type:
Forgivable Loan
Amount:
Up to $15,000 in home purchase assistance for down payment and closing costs
First-time only:
No
Good Neighbor Next Door (HUD)
Type:
Government Property Sale Program
Amount:
50% discount off the list price of HUD-owned homes
First-time only:
Yes
Home Possible Mortgage (Freddie Mac)
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
HomeReady Mortgage (Fannie Mae)
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
HUD $100 Down Program
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
USDA Rural Development Loans
Type:
Government-Guaranteed Mortgage
Amount:
100% financing (no down payment required); loan amount up to appraised value
First-time only:
No
VA Loans
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

Habitat for Humanity of Greater Fort Wayne Homeownership
Type:
Zero-Interest Loan
Amount:
Affordable mortgage with monthly payment capped at 26% of gross income
First-time only:
No
Hoosier Homes Down Payment Assistance
Type:
Forgivable Loan
Amount:
Up to 5% of the purchase price
First-time only:
No

How to Apply

Step 1:

Check your eligibility. Review income limits for Allen County. Most local programs require household income at or below 80% of Area Median Income (AMI). IHCDA state programs have income limits ranging from $82,100 to $138,740 depending on household size.

Step 2:

Complete homebuyer education. The City of Fort Wayne requires homebuyer education for its DPA program, and the Hoosier Homes program has the same requirement. Contact Pathfinder Services or download the Club 720 app to find approved courses in the Fort Wayne area.

Step 3:

Get pre-screened for the City of Fort Wayne DPA. Call Kristy Wall at 260-355-2517 to complete a pre-screening for the city's $8,000 forgivable loan program. You can also visit pathfinderhomes.org for an online application.

Step 4:

Check Hoosier Homes eligibility. Download the free Club 720 app or visit club720.org to assess your eligibility for up to 5% down payment assistance through the Fort Wayne Housing Authority's Hoosier Homes program.

Step 5:

Get pre-approved for a mortgage. Contact an IHCDA Participating Lender for state programs like First Place (640+ credit score) or Next Home (660+ credit score). For Hoosier Homes, work with a participating lender through the Club 720 platform.

Step 6:

Find a home within program limits. IHCDA purchase price limits for Allen County apply to state programs. The city DPA requires the home to be within Fort Wayne city limits. Hoosier Homes covers all of Allen County.

Step 7:

Submit your applications and close. Your lender will process the DPA applications alongside your mortgage. Plan for a closing timeline of 30-45 days once your offer is accepted.

Frequently Asked Questions

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