IHCDA Next Home Down Payment Assistance

Indiana Housing & Community Development Authority

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers in Indiana. Forgivable loan up to $7,500 combined with below-market mortgage financing. Forgiven after 5 years of occupancy. Income limits apply, homebuyer education required.

Forgivable loan of up to $7,500, forgiven after 5 years of occupancy

Key Details

  • Up to $7,500 forgivable down payment loan
  • For first-time homebuyers
  • Income at or below 120% AMI typically
  • Homebuyer education required
  • Forgiven after 5 years occupancy

How to Apply

A grant-savvy contractor in Greenwood, IN can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Ongoing, subject to funding availability

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

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