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Get Matched Free →HOPE of Evansville Down Payment Assistance
Funding status: Active
How much assistance
Up to $10,000 (dollar-for-dollar match of buyer contribution)
Forgiven over the affordability period as long as the buyer lives in the home as their primary residence and does not sell or refinance.
Eligibility
- Income limits: Household income must be at or below 80% of Area Median Income (AMI) for Vanderburgh County.
- First-time buyer required: Yes — Must not have owned a home in the past 3 years. Exceptions include divorcees, owners of manufactured homes, and previous homes owned more than 3 years ago.
- Geographic restrictions: Must purchase within the City of Evansville limits. Sales price cannot exceed $174,000 for existing homes or $255,000 for new construction.
- Homebuyer education required: Yes
How to Apply for HOPE of Evansville Down Payment Assistance
Complete HOPE's Framework homebuyer education course ($80 fee). Contribute a minimum of $1,000 from your own savings, which HOPE will match dollar-for-dollar up to $10,000. Monthly payment including PITI and PMI cannot exceed 30% of gross monthly income. Contact HOPE of Evansville at (812) 423-3169.
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