7 Best Indiana Housing and Community Development Authority Lenders of 2021
Hoosiers can consider these well-rated lenders when buying homes with help from IHCDA first-time home buyer programs.
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The Indiana Housing and Community Development Authority, or IHCDA, provides programs to help Hoosiers buy their first homes.
Some of Indiana's programs offer financial assistance with down payment and closing costs, while others offer discounted interest rates or fees for mortgage insurance. Borrowers don't have to be newbies: The requirement to be a first-time home buyer may be waived for military veterans, residents of economically disadvantaged target areas or people with limited incomes.
Several IHCDA participating lenders have been reviewed by NerdWallet, which has curated some high-scoring lenders according to borrower needs. In addition, NerdWallet has listed some lenders that are headquartered in Indiana and do a lot of business in the state, but they have not been reviewed.
The Indiana Housing and Community Development Authority, or IHCDA, provides programs to help Hoosiers buy their first homes.
Some of Indiana's programs offer financial assistance with down payment and closing costs, while others offer discounted interest rates or fees for mortgage insurance. Borrowers don't have to be newbies: The requirement to be a first-time home buyer may be waived for military veterans, residents of economically disadvantaged target areas or people with limited incomes.
Several IHCDA participating lenders have been reviewed by NerdWallet, which has curated some high-scoring lenders according to borrower needs. In addition, NerdWallet has listed some lenders that are headquartered in Indiana and do a lot of business in the state, but they have not been reviewed.
Best Indiana Housing and Community Development Authority Lenders
Lender | NerdWallet rating | Min. credit score | Min. down payment | Learn more |
---|---|---|---|---|
![]() New American Funding: NMLS#6606 Learn more at New American Funding | Best for first-time home buyers | 620 | 3% | Learn more at New American Funding |
![]() Guaranteed Rate: NMLS#2611 Learn more at Guaranteed Rate | Best for online experience | 620 | 3% | Learn more at Guaranteed Rate |
![]() Fairway Independent Mortgage: NMLS#2289 Learn more at Fairway Independent Mortgage | Best for online experience | 620 | 3% | Learn more at Fairway Independent Mortgage |
![]() PrimeLending: NMLS#13649 | Best for renovation loans | 620 | 3% | Read review |
![]() Caliber: NMLS#15622 | Best for renovation loans | 620 | 3% | Read review |
![]() loanDepot: NMLS#174457 | Best for loan officer support | 620 | 5% | Read review |
![]() Homebridge: NMLS#6521 | Best for online convenience | 620 | 3% | Read review |

at New American Funding
New American Funding: NMLS#6606

Min. credit score
620Min. down payment
3%at New American Funding

at Guaranteed Rate
Guaranteed Rate: NMLS#2611

Min. credit score
620Min. down payment
3%at Guaranteed Rate

at Fairway Independent Mortgage
Fairway Independent Mortgage: NMLS#2289

Min. credit score
620Min. down payment
3%at Fairway Independent Mortgage
PrimeLending: NMLS#13649

Min. credit score
620Min. down payment
3%Caliber: NMLS#15622

Min. credit score
620Min. down payment
3%loanDepot: NMLS#174457

Min. credit score
620Min. down payment
5%Homebridge: NMLS#6521

Min. credit score
620Min. down payment
3%More IHCDA participating mortgage lenders
These IHCDA participating lenders have their headquarters in Indiana and are among the busiest mortgage companies in the Hoosier State. They have not been reviewed by NerdWallet.
Participates in Indiana's Helping to Own, Next Home, Affordable Home and My Home programs.
Indiana's highest-volume mortgage lender.
Does not publish mortgage rates online.
Has more than 30 branches in Indiana.
Participates in IHCDA's Helping to Own program.
Offers ability to get pre-qualified online.
Does not publish mortgage rates online.
Has more than two dozen branches in Indiana.
Participates in IHCDA's Helping to Own, Next Home, My Home and Honor Our Vets programs.
Offers option to apply online.
Does not publish mortgage rates online.
Operates branches in 15 Indiana cities.
Participates in IHDCA's Helping to Own, Next Home and Affordable Home programs.
Publishes mortgage rates online.
Offers an online application.
Has mortgage loan officers in 11 Indiana cities.
More from NerdWallet
Last updated on January 26, 2021
Methodology
To recap our selections...
NerdWallet's Best Indiana Housing and Community Development Authority Lenders of 2021
- New American Funding: Best for first-time home buyers
- Guaranteed Rate: Best for online experience
- Fairway Independent Mortgage: Best for online experience
- PrimeLending: Best for renovation loans
- Caliber: Best for renovation loans
- loanDepot: Best for loan officer support
- Homebridge: Best for online convenience