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Indiana program

IHCDA Next Home for first-time and repeat buyers

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 Down payment assistance of 2.5 percent or 3.5 percent of the purchase price or appraised value, whichever is less, paired with an FHA or Conventional 30-year fixed-rate mortgage.
Last verified 2026-04-19

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Your lender chooses the Next Home percentage

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

IHCDA publishes two current Next Home assistance percentages. Buyers should confirm which option their lender is reserving.

Decision-ready public facts

What stays free on this program page

Quick answer from published facts. Use this first, then jump to Go to Indiana program hub if you need the wider state context.

Amount

Down payment assistance of 2.5 percent or 3.5 percent of the purchase price or appraised value, whichever is less, paired with an FHA or Conventional 30-year fixed-rate mortgage.

Type

Deferred second mortgage

Non-forgivable second mortgage

Repayment

IHCDA says Next Home 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

Not required

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 repeat homebuyers, Borrowers using FHA or Conventional 30-year fixed-rate financing through a participating lender

What support do you get?

Down payment assistance of 2.5 percent or 3.5 percent of the purchase price or appraised value, whichever is less, paired with an FHA or Conventional 30-year fixed-rate mortgage.

Do you repay it?

IHCDA says Next Home 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, choose the Next Home option the lender can reserve, and close both the first mortgage and the IHCDA second-mortgage down payment assistance through that 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 Next Home offers 2.50 percent or 3.50 percent down payment assistance and uses an FHA or Conventional 30-year fixed-rate loan. The 2026 guide says the assistance is a non-forgivable second mortgage for first-time and repeat buyers statewide.

View official source

Last verified

2026-04-19

Effective date not captured.

Paid preview

What paid access adds for IHCDA Next Home for first-time and repeat buyers

See the shape of the comparison output, risk checks, lender questions, and next-step checklist before you decide whether this program is worth carrying into the paid layer.

Example paid output for this program. The free page stays visible either way.

Comparison preview

IHCDA Next Home for first-time and repeat buyers

Amount: Down payment assistance of 2.5 percent or 3.5 percent of the purchase price or appraised value, whichever is less, paired with an FHA or Conventional 30-year fixed-rate mortgage.

Repayment: IHCDA says Next Home 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: Not required

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 Next Home for first-time and repeat buyers requires a participating lender.
  • IHCDA Next Home for first-time and repeat buyers must be paired with a specific first mortgage.

Lender questions preview

Questions tied to this exact path

  • Is your team approved to originate IHCDA Next Home for first-time and repeat buyers for this household and loan setup?
  • Which first-mortgage product must be paired with IHCDA Next Home for first-time and repeat buyers, and what breaks eligibility?

Action checklist preview

What you would do next

  • Review the official IHCDA Homeownership Programs page for IHCDA Next Home for first-time and repeat buyers
  • Ask whether your lender is approved for this exact program and loan structure.
Open the full Indiana board

Paid research preview

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

Conditional, paused, or specialty paths worth checking before you assume the state is a dead end.

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What paid access adds after the free facts

This page stays free for public facts. Paid access turns this program into a shortlist item, a related-path decision layer, risk checks, lender-call prep, and a next-step queue.

If the public facts still look relevant, paid access is where you decide whether this path is stronger than your fallback and what to do next.

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