Indiana First Place Program

Indiana Housing & Community Development Authority

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers in Indiana. Provides up to $7,500 as a forgivable second mortgage that is forgiven after 10 years of owner occupancy. Must be combined with IHCDA first mortgage.

Forgivable loan of up to $7,500, forgiven after 10 years of occupancy

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Up to $7,500 down payment assistance
  • Forgivable loan, forgiven after 10 years
  • Must be first-time homebuyer
  • Income limits apply (typically 80% AMI)
  • Must use IHCDA first mortgage product

How to Apply

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

Deadline: Ongoing program

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