Due to rising interest rates and unstable mortgage market conditions, the Hoosier Homes Program is getting a face lift. We look forward to rolling out new programs and products for our homebuyers in the near future. To find additional programs, please get started with the Club 720 mobile app.
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 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!
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If you answered 'no' to any of these questions, don't worry! You can still get connected to other Indiana DPA programs OR work toward reaching these requirements via Club 720.