Are you a first time home buyer in Indiana? You might be able to get help through programs for low-income families! We found down payment assistance in Indiana and other resources that could help you purchase a home!
Get more help buying a house with low income here!
You could get down payment assistance in Indiana!
If you’re a first time home buyer in Indiana, you could get assistance through the USDA direct home loan. This loan does not provide down payment assistance in Indiana, but it could provide you with 100% financing. This means you would not have to pay a down payment and could finance a home. You will need to meet income guidelines, credit requirements and other requirements to get help with the loan. You’ll also have to be in a rural area of Indiana.
The Housing and Community Development Agency might be able to provide down payment assistance in Indiana. You will need to meet income requirements to qualify for this assistance. People who need help might also need to meet other requirements through the state of Indiana.
First time home buyer in Indiana? Help is available!
If you’re unable to qualify for the USDA direct loan, you might be able to qualify for the USDA guarantee loan. This loan is for people who are low and moderate income. You’ll still have to purchase a home in a rural area and you’ll need to meet credit requirements. While the income requirements are not as strict, you should still be lower income to get help.
As a first time home buyer in Indiana, you might be able to qualify for the FHA loan. The FHA might be able to help you get into a home. You can use down payment assistance in Indiana with this loan on top of the 3-10% down payment requirement. The loan comes with easier terms than traditional loans that might make it easier for you to purchase your home.
Habitat for Humanity might be able to help. They base their assistance on your need, ability to make a mortgage payment and your willingness to help with the project. You might be able to get a brand new home or a newly renovated home through the program. Some people may be required to be on a waitlist and all people are expected to help with sweat equity for their new home.
Military home buyer programs are available!
Operation Homefront might be able to help if you’re a veteran or a disabled veteran. You could get assistance finding a home, getting a mortgage and even down payment assistance. Operation Homefront might be able to help you find, build or purchase a home without ever having to worry about a mortgage!
You might be entitled to VA benefits through the loan center. The loans that are backed by the VA are easier to qualify for. You could qualify for a larger mortgage, lower down payments and less strict credit guidelines. Both veterans and active duty military members could qualify for these options. Additionally, you could find help with a down payment through the VA.
You could get down payment assistance in Indiana counties!
Some counties offer options if you’re a first time home buyer in Indiana. You could get help with down payment assistance, closing costs, finding the perfect home and even getting a mortgage!
Allen County
The Fort Wayne Housing Investment program might be able to help you purchase a home in the area. You could get help through the housing investment partnership. With HOME, you could get down payment assistance in Indiana. The assistance is available to low-income residents who also meet other qualifications. You might even be able to use it in combination with other assistance programs to get into a home.
Bartholomew County
If you’re a first time home buyer in Indiana and you want to purchase a home in Columbus, you might be able to get help through the Community Development Department. This could help you find a home in the Columbus area. The program might also be able to help you with down payment assistance to make getting into a home easier.
Delaware County
The Muncie neighborhood stabilization program might be able to help you with down payment assistance in Indiana. You could get help through the HOME program with a grant that goes toward your down payment. Grants are available in a variety of amounts and will depend on your income as well as your family size. You might also be able to get help finding a home or purchasing one that was renovated as a result of neighborhood beautification efforts.
Elkhart County
Elkhart does not offer down payment assistance in Indiana, but they might be able to help you find a home in the city. They offer renovated homes and vacant land as part of their effort to revitalize the community. The city might also be able to help you connect with a lender who can assist you in getting a mortgage for one of these properties.
Lake County
As a first time home buyer in Indiana, you might be able to get help with your East Chicago home purchase. The city offers redevelopment home buyer assistance. They also have HOME grants that might help you make your down payment. The program is available for low income and very low income home buyers who want to get help getting into a home.
The Hammond Homebound program might be able to help you through their down payment assistance efforts. If you’re a first time home buyer, you can get help with a grant to cover your down payment. Residents of the city get up to $2,500 if they qualify. First responders and education professionals can get up to $3,500 toward their home purchase. If you’re building a new home in the city, you might be able to get up to $5,000 in down payment assistance.
Madison County
If you’re in Anderson and you need down payment assistance in Indiana, you might be able to get it through the Community Development division. This program could help you save money on your home purchase by providing you with down payment assistance! You could get help through the HOME program with up to $3,000 toward your down payment. Moderate-income families might also qualify for down payment assistance.
Marion County
Indianapolis administers grants that might be able to help if you’re a first time home buyer in Indiana. The program could help you with the money you need for a down payment or for closing costs. You might also be able to qualify for assistance when you’re looking for a home or trying to find one that will work for your needs.
Monroe County
Are you looking for a home in Bloomington? You might be able to get housing counseling to figure out the best way to purchase a home. Housing counseling could help you prepare your credit, save for a downpayment and learn mortgage basics. The city also offers an affordable housing search program if you’re a first time home buyer in Indiana. In addition to other programs, Bloomington’s housing department might be able to help you with down payment assistance in Indiana!
St. Joseph County
The Mishawaka HOME investment partnership might be able to help you with down payment assistance in Indiana. The program could help you with up to $3,000 toward the down payment for your home. You will need to meet income requirements to get the assistance. Not everyone will qualify for the full amount available and funding might not always be available for down payment assistance.
If you’re in South Bend, you might be able to get help as a first time home buyer in Indiana. The South Bend redevelopment opportunities might make it easier for you to find a home that’s renovated or land that’s ready to put a home on. Through their community investment partnership, you might be able to get help with your down payment.
Tippecanoe County
Residents of Lafayette and West Lafayette might be able to get resources. The Neighborhood Services division offers resources that might help if you’re a first time home buyer in Indiana. The programs could help you figure out if you’re ready to purchase a home, find a home and get down payment assistance to make your home better.
Vanderburgh County
Evansville offers housing needs assistance that might make it easier for you to purchase a home in the city. The city’s housing division could help you find down payment assistance in Indiana as well as housing opportunities you could use when you’re looking for your first home.
Vigo County
Are you in Terre Haute and looking for a home? You might be able to find one through the city! The redevelopment program helps people find homes that have been redone and homes that are ready for you to purchase. You might be able to get assistance finding a home, finding financing and making the down payment on your home.
Catherine Marucci
Friday 23rd of December 2022
Hi Michael. If the resources above haven't been helpful, here are some other things to try: https://lowincomerelief.com/indiana-home-improvement-grant/