fbpx

Next Home

Indiana

Available Assistance

Under the Next Home program, borrowers with an FHA mortgage from a participating lender receive down payment assistance of 4 percent of the purchase price, while those with conventional loans receive 3 percent. This assistance comes in the form of a deferred loan; it is fully forgiven after two years and comes with zero percent interest and no monthly payments.

Eligibility Requirements

Unlike most down payment assistance programs, Next Home is not solely for first-time homebuyers, and there is no limit on purchase prices, which allows a greater number of applicants to benefit from it. However, there are other requirements that applicants must meet to be considered eligible. Borrowers are required to have a credit score of at least 660 and must have a mortgage from an IHCDA Participating Lender. Applicants must also complete an online homebuyer education course, called Framework. Completion of the course satisfies the Homebuyer Education requirement that is necessary for all homebuyers through the Agency's Single Family purchasing programs. Participants of Next Home are reimbursed the $75 cost of the course at closing. Additionally, applicants must meet specific income limits that are determined based on the county in which they buy a home, the type of program, and type of mortgage.

Property Guidelines

none

4600146011460124601346014460154601646017460184603046031460324603346034460354603646037460384603946040460414604446045460474604846049460504605146052460554605646057460584606046061460624606346064460654606746068460694607046071460724607446075460764607746082460854610246103461044610546106461074611046111461124611346115461174611846120461214612246123461244612546126461274612846129461304613146133461354614046142461434614446146461474614846149461504615146154461554615646157461584616046161461624616346164461654616646167461684617046171461724617346175461764618046181461824618346184461864620146202462034620446205462064620746208462094621346214462164621746218462194622046221462224622446224462254622646227462284622946230462314623446235462364623746239462404624146242462444624746249462504625146253462544625546256462594626046262462684627746278462804628246283462854628846290462984630146302463034630446307463084631046311463124631946320463214632246323463244632546327463404634146342463454634646347463484634946350463524635546356463604636146365463664636846371463724637346374463754637646377463794638046381463824638346384463854639046391463924639346394464014640246403464044640546406464074640846409464104641146501465024650446506465074650846510465114651346514465154651646517465244652646527465284653046531465324653446536465374653846539465404654246543465444654546546465504655246553465544655546556465614656246563465654656746570465714657246573465744658046581465824659046595466014661346614466154661646617466194662446626466284663446635466374666046680466994670146702467034670446705467064671046711467134671446721467234672546730467314673246733467374673846740467414674246743467454674646747467484675046755467594676046761467634676446765467664676746769467694677046771467724677346774467764677746778467794678046781467824678346784467854678646787467884678946791467924679346794467954679646797467984679946801468024680346804468054680646807468084680946814468154681646818468194682546835468454685046851468524685346854468554685646857468584685946860468614686246863468644686546866468674686846869468854689546896468974689846899469014690246903469044691046911469124691346914469154691646917469194692046921469224692346926469284692946930469314693246933469354693646937469384693946940469414694246943469454694646947469504695146952469534695746958469594696046961469624696546967469684697046971469744697546977469784697946980469824698446985469864698746988469894699046991469924699446995469964699847001470034700647010470114701247016470174701847019470204702147022470234702447025470304703147032470334703447035470364703747038470394704047041470424704347060471024710447106471074710847110471114711247114471154711647117471184711947120471224712347124471254712647129471304713147132471334713447135471364713747138471404714147142471434714447145471464714747150471514716047161471624716347164471654716647167471704717247174471754717747190471994720147202472034722047223472244722547226472274722847229472304723147232472344723547236472404724347244472454724647247472494725047260472634726447265472704727247273472744728047281472824728347302473034730447305473064730747308473204732247324473254732647327473304733147334473354733647337473384733947340473414734247344473454734647348473514735247353473544735547356473574735847359473604736147362473664736747368473694737047371473734737447375473804738147382473834738447385473864738747388473904739247393473944739647401474024740347404474054740647407474084742047421474244742647427474294743147432474334743447435474364743747438474414744347445474464744847449474514745247453474544745547456474574745847459474604746247463474644746547467474684746947470474714750147512475134751447515475164751947520475214752247523475244752547527475284752947531475324753547536475374754147542475454754647547475494755047551475524755347556475574755847561475624756447567475684757347574475754757647577475784757947580475814758447585475864758847590475914759647597475984760147610476114761247613476154761647617476184761947620476294763047631476334763447635476374763847639476404764747648476494765447660476654766647670476834770147702477034770447705477064770847710477114771247713477144771547716477194772047721477224772447725477284773047731477324773347734477354773647737477404774747750478014780247803478044780547807478084780947831478324783347834478364783747838478404784147842478454784647847478484784947850478514785247853478544785547857478584785947860478614786247863478654786647868478694787047871478724787447875478764787847879478804788147882478844788547901479024790347904479054790647907479094791647917479184792047921479224792347924479254792647928479294793047932479334794047941479424794347944479464794847949479504795147952479544795547957479584795947960479624796347964479654796647967479684796947970479714797447975479774797847980479814798247983479864798747988479894799047991479924799347994479954799647997

0%
You Are Almost There! Thanks For The Support ๐Ÿ˜„

Get Pre-Approved Today With A Lender That will WORK FOR YOU!

0%
You Are Almost There! Thanks For The Support ๐Ÿ˜„

Get Your FREE Credit Score!

Confirm your credit scores to get your grant results, absolutely free and no effect on your credit.

0%
You Are Almost There! Thanks For The Support ๐Ÿ˜„

Get financial support for you and your family!

Be sure to take advantage of exclusive resources and benefits for you and your family below!

0%
You Are Almost There! Thanks For The Support ๐Ÿ˜„

See your state housing grant programs!

There is plenty of money available to help pay for rent, bills, and utilities.

0%
You Are Almost There! Thanks For The Support ๐Ÿ˜„

Find Business and Education Grants!

There are plenty of govt grants to pay for a new business or education.

0%
You Are Done! Thanks For The Support ๐Ÿ˜„

Here are your Results!

Learn more about your state’s grant programs or go back to take advantage of today’s offers and benefits! Also be sure to check your email daily for our exclusive money hacks and newsletter updates.