Hoosier Homes
Down Payment Assistance Program (DPA)
Hoosier Homes is a down payment assistance tool that helps low and moderate-income individuals and families buy a home in approved areas of Indiana. Hoosier Homes also partners with Club 720 to offer easy access for our wide range of homebuyers.
Program Features
Benefits
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Up to 5% in down payment and closing cost assistance
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30-year fixed rate mortgage loans: FHA and Conventional loans
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Competitive rates
Do You Qualify for This Program?
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Is your credit score at least 620?
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Is your income (whoever will be on the loan) at or below the income limit of your desired county?
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Is the percentage of your monthly income that is used to pay your monthly debt at or below 50%?
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If you are a first-time homebuyer (haven't owned a home in the last three years), are you willing to complete homebuyer education?
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If you answered yes to all four questions, you are eligible to apply for down payment assistance!