Indiana First-Time Home Buyer Programs 2026
$10,000 DPA available through Indiana Housing & Community Development Authority (IHCDA). IHCDA Next Home program pairs a 30-yr fixed with up to $10K in forgivable assistance.
Max Assistance
$10,000 DPA
Type
0% deferred or forgivable
Min Credit
640+
Max Home Price
$325,000
Ready to apply for Indiana assistance?
Get pre-approved in minutes — your lender will connect you with IHCDA programs automatically.
Indiana First-Time Buyer Programs Comparison
| Program | Max Assistance | Type | Min Credit | Income Limit |
|---|---|---|---|---|
| IHCDA Next Home Best — forgiven quickly | Up to $10,000 | Forgivable after 2 yrs | 640+ | $75K–$97K |
| IHCDA MY HOME Standard DPA option | $10,000 | 0% deferred loan | 640+ | Same |
Eligibility Requirements
- ✓640+ credit score
- ✓Income within IHCDA limits
- ✓Homebuyer education course required
- ✓Primary residence in Indiana
- ✓IHCDA-approved lender
Pro Tip
IHCDA programs available statewide: Indianapolis, Fort Wayne, Evansville, South Bend, Carmel.
How to Apply for Indiana Programs
Get Pre-Approved
Work with a IHCDA-approved lender. They handle the state program paperwork for you.
Complete Education
Take the required homebuyer education course (online, ~6 hours, ~$75). Required by most state programs.
Close & Get Funds
The 0% deferred or forgivable is applied at closing — you don't pay extra at the table.
Official Agency
Indiana Housing & Community Development Authority
IHCDA — Indiana official housing finance authority
Frequently Asked Questions
What is the best first-time home buyer program in Indiana?
The best program in Indiana is the IHCDA Next Home, which offers Up to $10,000 as a Forgivable after 2 yrs. Minimum credit score: 640. Income limit: $75K–$97K.
How much down payment assistance is available in Indiana?
Indiana offers up to $10,000 DPA through Indiana Housing & Community Development Authority (IHCDA). The assistance is structured as a 0% deferred or forgivable. Income limits are $75,000–$97,000 depending on household size and county.
What credit score do I need for Indiana first-time buyer programs?
Most Indiana programs through IHCDA require a minimum credit score of 640. Some programs may accept lower scores with compensating factors. Check with an IHCDA-approved lender for your exact score requirements.
What is the income limit for Indiana first-time buyer programs in 2026?
In 2026, Indiana income limits are $75,000–$97,000 depending on household size and county. The home price limit is $325,000. These limits are set by Indiana Housing & Community Development Authority.
Don't Leave $10,000 DPA on the Table
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