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Indiana program

IHCDA First Step statewide DPA mortgage

Indiana route through Indiana Housing and Community Development Authority (IHCDA). This page stays free for the core public facts. Open paid access only when you need the full state board, related paths, and the decision layer around this program.

Deferred second mortgage Repay later on trigger 2026-04-19
Agency Indiana Housing and Community Development Authority (IHCDA)
Support type Deferred second mortgage
Amount highlight Five percent of the purchase price in non-forgivable down payment assistance paired with a 30-year fixed-rate FHA, FHLMC, or FNMA mortgage.
Last verified 2026-04-19

Open questions

First-time rule has exceptions

This page stays public because the official structure is still useful, but these details should not be flattened into fake certainty.

First Step is broadly a first-time-buyer program, but IHCDA currently publishes targeted-census-tract and military-status exceptions.

Decision-ready public facts

What stays free on this program page

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Amount

Five percent of the purchase price in non-forgivable down payment assistance paired with a 30-year fixed-rate FHA, FHLMC, or FNMA mortgage.

Type

Deferred second mortgage

Non-forgivable second mortgage

Repayment

IHCDA says First Step down payment assistance is offered as a non-forgivable second mortgage with IHCDA holding title as evidence. The full assistance must be repaid when the first mortgage ends or when the property is no longer used as the buyer's primary residence.

First-time buyer

Varies

Program guide

What to know before you click through

This is still the free fact layer. Open the official source when a detail affects eligibility, repayment, lender choice, or whether this path should stay on your shortlist.

Who qualifies?

Indiana first-time homebuyers, Indiana buyers purchasing in a HUD-designated targeted census tract, Indiana buyers with verifiable military status, Borrowers using FHA, FHLMC, or FNMA 30-year fixed-rate financing through a participating lender

What support do you get?

Five percent of the purchase price in non-forgivable down payment assistance paired with a 30-year fixed-rate FHA, FHLMC, or FNMA mortgage.

Do you repay it?

IHCDA says First Step down payment assistance is offered as a non-forgivable second mortgage with IHCDA holding title as evidence. The full assistance must be repaid when the first mortgage ends or when the property is no longer used as the buyer's primary residence.

How do you apply?

Start with an IHCDA participating lender, reserve the First Step loan, pay the required reservation fee, and close both the first mortgage and the IHCDA second-mortgage down payment assistance through the approved lender path.

Application timing

Participating lenders reserve and lock this IHCDA loan in DMS Online on weekdays after rates are posted until 5 p.m. ET; IHCDA reviews files in order received, and the commitment expires 60 days after reservation unless extended.

Official source evidence

The current IHCDA Homeownership Programs page says First Step is for first-time homebuyers, includes down payment assistance, and uses a 30-year fixed-rate FHA or Conventional mortgage. The 2026 guide says the program provides 5 percent non-forgivable down payment assistance statewide, with targeted-census-tract and military exceptions to the first-time-buyer rule.

View official source

Last verified

2026-04-19

Effective date not captured.

Paid preview

What paid access adds for IHCDA First Step statewide DPA mortgage

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Comparison preview

IHCDA First Step statewide DPA mortgage

Amount: Five percent of the purchase price in non-forgivable down payment assistance paired with a 30-year fixed-rate FHA, FHLMC, or FNMA mortgage.

Repayment: IHCDA says First Step down payment assistance is offered as a non-forgivable second mortgage with IHCDA holding title as evidence. The full assistance must be repaid when the first mortgage ends or when the property is no longer used as the buyer's primary residence.

First-time buyer: Varies

Timing: Participating lenders reserve and lock this IHCDA loan in DMS Online on weekdays after rates are posted until 5 p.m. ET; IHCDA reviews files in order received, and the commitment expires 60 days after reservation unless extended.

Risk checks preview

What gets flagged before you call a lender

  • IHCDA First Step statewide DPA mortgage requires a participating lender.
  • IHCDA First Step statewide DPA mortgage must be paired with a specific first mortgage.

Lender questions preview

Questions tied to this exact path

  • Is your team approved to originate IHCDA First Step statewide DPA mortgage for this household and loan setup?
  • Which first-mortgage product must be paired with IHCDA First Step statewide DPA mortgage, and what breaks eligibility?

Action checklist preview

What you would do next

  • Review the official IHCDA Homeownership Programs page for IHCDA First Step statewide DPA mortgage
  • Ask whether your lender is approved for this exact program and loan structure.
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What paid research already covers in Indiana

Paid research already tracks city and county programs, employer-assisted paths, specialty and conditional paths for Indiana.

4 tracked deeper records

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What unlocks after payment

Specific program names, source notes, current-vs-conditional judgments, and the next lender or agency questions tied to this state.

1 tracked

city and county programs

City and county down payment or closing-cost programs that never make it into the free statewide layer.

1 tracked

employer-assisted paths

Employer-linked housing incentives and workforce programs that matter only if they fit your job or agency.

2 tracked

specialty and conditional paths

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