Next Home
IHCDA is pleased to present the newest option for affordable home buying in Indiana. Next Home offers prospective homeowners who do not qualify as first-time homebuyer’s, down payment assistance of up to 4%. Under Next Home, there are no purchase price limits which allows more Hoosiers to qualify for this great opportunity.
Details of Next Home include:
- Down Payment Assistance (DPA) to non-first-time home buyer
- DPA is 4%
- Federal Housing Administration loans
- Min credit score 650
- DPA is fully forgiven after 2 years
- DPA has zero interest with no monthly payments
- No purchase price limits
- Must be originated through a participating lender
*For current interest rates, please contact a Participating Lender.
Ready to get started? Please review our "Participating Lenders & Program Income Limits" page to learn about what income limits apply to your area and to find a lender in your county that can help you with your financing needs.
Contact IHCDA if you have more questions.
