Hoosier Homes Down Payment Assistance

How much assistance

Up to 5% of the purchase price (Forgivable Loan)

Fully forgiven after 7 years if the buyer remains in the home as their primary residence. No monthly payments and no interest.

Eligibility

• Income limits: Household income must be at or below 80% of Area Median Income (AMI).
• First-time buyer required: No
• Credit score minimum: 640
• Geographic restrictions: Must purchase in an approved county: Adams, Allen, Clay, DeKalb, Fulton, Huntington, Jay, Kosciusko, LaGrange, Lake, LaPorte, Marion, Montgomery, Noble, Parke, Porter, Pulaski, Putnam, Randolph, Steuben, Sullivan, Vermillion, Vigo, Wabash, Wells, or Whitley.
• Homebuyer education required: Yes

How to Apply for Hoosier Homes Down Payment Assistance

Notes

Administered in partnership with Club 720. Both first-time and repeat homebuyers are eligible. In targeted counties, assistance may be up to 5% of the loan amount; in most eligible counties up to 4%. Offers 30-year fixed-rate mortgage loans with competitive interest rates.

Cities Where This Program Is Available

• Michigan City, IN
• Portage, IN
• Goshen, IN
• Brownsburg, IN
• Valparaiso, IN
• Lafayette, IN
• Fort Wayne, IN
• Merrillville, IN
• Crown Point, IN
• Gary, IN
• Terre Haute, IN
• Richmond, IN
• Zionsville, IN