Indiana First-Time Home Buyer Programs of 2021

Jan 1, 2021
Indiana First-Time Home Buyer Programs

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If you’re a first-time home buyer in Indiana, the state’s housing authority wants to help with what’s likely going to be the biggest purchase you’ve ever made.

The Indiana Housing and Community Development Authority, or IHCDA, offers mortgage programs for qualified first-time home buyers. You're considered a first-time buyer if you have not owned your primary residence in the last three years.

The requirement to be a first-time home buyer is waived for military veterans and for people who buy in economically disadvantaged "target areas." Some of the programs are open to repeat buyers who meet income guidelines.

National first-time home buyer programs

IHCDA highlights and eligibility requirements


  • Some programs offer down payment assistance.

  • Loans can be used to buy single-family houses, manufactured homes, townhouses and condominiums.

  • All qualified loans are 30-year fixed-rate mortgages.


  • Income limits vary by county and depend on family size.

  • Manufactured homes are not eligible.

  • Borrower pays a $100 "reservation fee."

Indiana first-time home buyer loan programs

Summary: 2021 IHCDA first-time home buyer programs

  • First Place for low- to moderate-income home buyers who need down payment and closing cost assistance.

  • Helping to Own (H2O) for down payment assistance on FHA loans.

  • Next Home for a loan that combines down payment assistance with a mortgage credit certificate.

  • Mortgage Credit Certificates for federal income tax breaks.

Visit the IHCDA website for brief summaries of each loan program and related links to dig deeper, including a list of participating lenders, organized by county.

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