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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). Use this page to confirm the core public facts first, then decide whether you need deeper comparison output and lender-call prep.

Non-forgivable second mortgage Repay later on trigger 2026-04-19
Agency Indiana Housing and Community Development Authority (IHCDA)
Support type Non-forgivable 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 this program appears to offer

Quick answer from published facts. Go to Indiana program hub

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

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

Use the public facts first. Open the official source when a detail affects eligibility, repayment, or lender choice.

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.

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.

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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.

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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

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

  • Does IHCDA Next Home for first-time and repeat buyers require a participating lender for this household and loan setup?
  • Which first-mortgage product must be paired with IHCDA Next Home for first-time and repeat buyers, and can it be combined with the saved options?

Action checklist preview

What you would do next

  • Confirm whether IHCDA Next Home for first-time and repeat buyers requires a participating lender.
  • Verify the required first-mortgage pairing for IHCDA Next Home for first-time and repeat buyers.
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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.

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What unlocks after payment

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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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Private workspace

What paid access adds to this program

The free page gives you the public facts. Paid access turns this program into a shortlist item, comparison row, risk check, and lender-call prep surface.

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

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Decision output

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