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Get Matched Free →City of Bloomington HAND Down Payment and Closing Cost Assistance
Funding status: Active
How much assistance
Up to $10,000
Forgivable second mortgage that forgives at a rate of 20% per year. Fully forgiven after 5 years of owner-occupancy.
Eligibility
- Income limits: Household income at or below 80% of area median income (AMI)
- First-time buyer required: Yes — Must be a first-time homebuyer
- Geographic restrictions: Must purchase a one to four unit home within the city limits of Bloomington, IN for use as primary residence
- Homebuyer education required: Yes
How to Apply for City of Bloomington HAND Down Payment and Closing Cost Assistance
Contact HAND at 812-349-3401. Complete the Homebuyers Club (two consecutive Saturday sessions) and meet with a housing counselor. Must provide proof of income including current financial statement and previous year federal income tax return.
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