Key Benefits of the Indiana Next Home Program

• 2.5%–3.5% Down Payment Assistance: Eligible Indiana homebuyers may receive between 2.5% and 3.5% in down payment assistance, depending on the loan program, helping reduce upfront homebuying costs.
• Available to First-Time & Repeat Buyers: Unlike some assistance programs, eligible repeat homebuyers may also qualify.
• 30-Year Fixed Mortgage: Enjoy stable monthly principal and interest payments.
• FHA & Conventional Financing: Available with eligible FHA and Conventional loan programs through participating lenders.
• Statewide Availability: Eligible properties throughout Indiana may qualify.

Who Qualifies for the Indiana Next Home Program?

• First-Time or Repeat Homebuyers: Eligible borrowers may qualify whether purchasing their first home or buying again.
• Primary Residence: The home must be owner-occupied as your principal residence.
• Income Limits Apply: Household income must fall within current IHCDA guidelines.
• Purchase Price Limits: The property must meet current acquisition cost limits.
• Participating Lender Required: Financing must be obtained through an approved IHCDA participating lender.
• Credit & Underwriting: Borrowers must satisfy applicable credit, income, and underwriting guidelines.
• Homebuyer Education: Education requirements may apply depending on the loan program.

Eligible Loan Programs

• FHA Loans: Available for qualified Indiana homebuyers seeking flexible qualification requirements.
• Conventional Loans: Available for borrowers meeting Conventional underwriting guidelines.
• 30-Year Fixed Rate: All Indiana Next Home Program loans feature fixed interest rates for predictable monthly payments.

Eligible Indiana Properties

• Primary Residences Only: The home must be occupied by the borrower.
• Single-Family Homes
• Townhomes
• Condominiums
• Eligible Manufactured Homes: Subject to program and lender guidelines.
• Located in Indiana: Homes must be located within the state of Indiana.

Indiana Income & Purchase Price Limits

The Indiana Next Home Program includes household income and home purchase price limits that vary by county and household size. These limits are established by IHCDA and are updated periodically.

Your Advisors Mortgage Loan Officer can review the latest Indiana program guidelines and determine whether you qualify before you begin shopping for a home.

Application Process

• Get Pre-Approved: Meet with an Advisors Mortgage Loan Officer to discuss the Indiana Next Home Program and your financing options.
• Confirm Program Eligibility: We'll review income, purchase price, and IHCDA program requirements.
• Complete Any Required Education: If applicable, complete the approved homebuyer education course.
• Select an Eligible Indiana Home: Choose a qualifying property located within Indiana.
• Close on Your Mortgage: Finalize your financing and receive available down payment assistance at closing.

Why Choose Advisors Mortgage?

• Indiana Program Specialists: We understand Indiana homebuyer assistance programs and can help determine whether the Indiana Next Home Program is the right fit for your goals.
• Financing Options for Every Buyer: We offer FHA, Conventional, VA, USDA, and other mortgage solutions.
• Personalized Guidance: Our experienced mortgage professionals guide you from pre-approval through closing.
• Responsive Service: You'll receive clear communication and expert advice throughout your homebuying journey.

Take the Next Step Toward Indiana Homeownership

Whether you're buying your first home or your next one, the Indiana Next Home Program may help make homeownership more affordable with 2.5% to 3.5% down payment assistance and a competitive fixed-rate mortgage.

Contact Advisors Mortgage today or call 317-497-3933 x 798 to learn more about the Indiana Next Home Program or begin your online application today.

Looking for a Program Designed for First-Time Homebuyers?

If you're purchasing your first home, you may also qualify for the Indiana First Step Program. The First Step Program is specifically designed for eligible first-time homebuyers and offers 5% down payment assistance with FHA and Conventional financing. Our team can review both programs and help you determine which option provides the greatest benefit.