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IHCDA First Place Program

Administered by:
Indiana Housing and Community Development Authority (IHCDA)
· State · Forgivable Loan
Funding status: Active

How much assistance

Up to 6% of the purchase price
Forgiven after 9 years if buyer remains in the home and does not sell or refinance.

Eligibility

  • Income limits: Varies by county; ranges from $82,100 to $138,740 depending on household size and location.
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years. Veterans and buyers in targeted areas are exempt from first-time buyer requirement.
  • Credit score minimum: 640
  • Geographic restrictions: Must purchase within Indiana.
  • Homebuyer education required: Yes

How to Apply for IHCDA First Place Program

Contact an IHCDA Participating Lender to apply. Complete required homebuyer education through an IHCDA-approved provider. The lender will determine eligibility based on income, credit, and purchase price limits for the county where the home is located.

Learn More About Homebuying in Indiana

Cities Where This Program Is Available (34 cities across 1 state)

Available Statewide In