Hoosier Homes Program

Review assistance, readiness requirements, and mortgage fit before moving into a full program or lender conversation.

Your role shapes the next step for this program.

Decision Snapshot

What matters first

Assistance $18,000

Maximum assistance that may reduce upfront cash needed.

Credit Score 640+

Credit range used for an early readiness review.

Purchase Price $425K

Price ceiling to check before choosing a property path.

Education Required

Education helps buyers prepare for lending and closing steps.

Eligibility

Buyer fit

First-time buyers accepted

Helps first-time buyers see whether this path is worth reviewing before they apply.

Income limit applies

Shows whether household income may fit county and household-size limits.

Assets reviewed

Helps confirm savings and available funds align with program rules.

Documents required

Preparing income proof and tax returns early can make review easier.

Income basis Household income

Monthly income range $2,750 - $8,900

Household assets Up to $35,000

Area median income 80% AMI

Program Guidelines

Loan and funding rules

Eligible first mortgage FHA, VA, USDA-RD, Fannie Mae, Freddie Mac

Assistance repayment Deferred second mortgage, forgiven after owner occupancy period.

Assistance rate and term 0% interest, 60 month term

Max DTI / LTV 45% DTI / 97% LTV

Service Area

Where it can be used

IN Marion, Hamilton, Hendricks, Johnson

State Indiana

Cities Indianapolis, Carmel, Fishers, Greenwood

County income table Login to view

More detail is available after login

Sign in to review household-size income rows, participating lenders, saved program files, and document links in one place.

For Buyers

See if this program fits your home plan.

Review the main fit points, prepare documents, and connect with the right partner when the path is clear.

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