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Get Matched Free →Homebuyer Programs in Goshen, IN (2026)
Goshen is a city of about 34,000 residents in Elkhart County in northern Indiana. The median home price is approximately $245,000. Goshen buyers have access to a city-funded Homeownership Assistance Program through the Community Development Block Grant (CDBG), which provides down payment assistance and HUD-certified housing counseling to first-time homebuyers. Additional options include the Hoosier Homes Down Payment Assistance offering up to 5% of the purchase price as a forgivable loan, the FHLBank Indianapolis Launch program offering up to $20,000 in grants, and the Habitat for Humanity of Elkhart County homeownership program. Combined with IHCDA state programs like First Step (up to 6% of purchase price), buyers can stack multiple programs to significantly reduce their upfront costs.
City Programs in Goshen
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| City of Goshen Homeownership Assistance Program | Grant | Varies (total program allocation of $51,750 for program year 2026) | Yes | View → |
- Type:
- Grant
- Amount:
- Varies (total program allocation of $51,750 for program year 2026)
- First-time only:
- Yes
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 → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | 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:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- 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 Elkhart County Homeownership | Zero-Interest Loan | Affordable mortgage on a Habitat-built home with zero-interest terms | No | 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 on a Habitat-built home with zero-interest terms
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to 5% of the purchase price
- First-time only:
- No
How to Apply
Check your eligibility. Most programs require household income at or below 80% of the area median income (AMI) for Elkhart County. The IHCDA First Step program also requires a minimum credit score of 640.
Contact LaCasa Inc. at (574) 533-4450 or newhome@lacasagoshen.org to enroll in their HUD-certified homebuyer education and financial counseling classes. LaCasa is a NeighborWorks America affiliate located at 202 N. Cottage Ave., Goshen, IN 46528, and is the primary partner for Goshen's homebuyer programs.
Apply for the City of Goshen Homeownership Assistance Program by contacting Theresa Cummings, Community Development Specialist, at (574) 533-9370 or theresacummings@goshencity.com. This CDBG-funded program provides down payment assistance to first-time, income-qualifying buyers purchasing within Goshen.
Get pre-approved for a mortgage through an IHCDA-participating lender. Ask 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).
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.
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.
Find a home in Goshen within program guidelines and submit your purchase agreement. Your lender and LaCasa will help coordinate the various assistance programs through closing.