IHCDA Next Home Down Payment Assistance

Indiana Housing & Community Development Authority

Available Down Payment

About This Program

Forgivable second mortgage for first-time homebuyers to assist with down payment and closing costs. Available anywhere in Indiana including Evansville, forgiven after 10 years of occupancy when paired with IHCDA first mortgage.

Forgivable loan amount for down payment and closing costs

Key Details

  • Up to $7,500 forgivable second mortgage
  • First-time homebuyers in Evansville
  • Income limits apply (varies by county)
  • Forgiven after 10 years of occupancy
  • Must use IHCDA-approved lender

How to Apply

Deadline: Available through participating lenders

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