Indiana • First-Time Homeowner programs

First-Time Homeowner grants in Indiana

Browse first-time homeowner grants available in Indiana, including statewide and local programs.

View all programs below Browse all first-time homeowner grants

5 active programs in Indiana

First-time homebuyer filters

Tailor these grants to your situation

Narrow the list by applicant type. Selections update the results instantly and are saved in the URL.

Keyword

Latest opportunities (5)

Next Home Program

Open

Indiana Housing and Community Development AuthorityINFirst-Time HomeownerState housing finance agency program that pairs a 30 year fixed rate FHA or conventional first mortgage with a small second mortgage equal to roughly 2.5 to 3.5 percent of the purchase price to help cover down payment and closing costs, typically with no monthly payment and repayment or forgiveness tied to an affordability period or sale or refinance of the home.

Updated: Dec 6, 2025

Statewide IHCDA program that offers a fixed-rate mortgage plus a small second-mortgage down payment assistance option, designed especially for non-first-time or “next” homebuyers.

Eligible for: Primarily repeat buyers (not limited to first-time) and some first-time buyers who meet IHCDA income and acquisition price limits, use an el…

Funding: Allows qualified Indiana buyers to add a second mortgage of approximately 2.5 to 3.5 percent of the purchase price on top of an IHCDA Next Home first mortgage to reduce the cash needed for down payment and closing costs, with the assistance typically forgiven or becoming due if the home is sold, refinanced or no longer a primary residence within a set period.Deadline: Rolling; available statewide while rate sheets and IHCDA funding remain, reserved through participating lenders.RollingStatewidehomebuyerrepeat homebuyerfirst-time homebuyerIndiana residentdown payment assistanceclosing cost assistancesecond mortgageaffordable mortgage

View details →

Homeownership Programs – City of Indianapolis

Open

City of Indianapolis – Department of Metropolitan DevelopmentINFirst-Time HomeownerCity level referral hub that connects residents to nonprofit and community partners that provide homebuyer education, financial coaching, affordable mortgage products and locally funded down payment assistance using a mix of city, state and federal resources.

Updated: Dec 6, 2025

City information hub that directs Indianapolis residents to local nonprofit and partner-run homeownership programs, including education, counseling, and access to down payment assistance or affordable mortgage options.

Eligible for: Residents of Indianapolis/Marion County seeking to become homeowners, typically low- to moderate-income households needing counseling, finan…

Funding: This city information page does not set a single grant size but directs prospective buyers to partner agencies where they may access matched savings, affordable fixed rate mortgage products and down payment or closing cost assistance amounts defined by each partner program.Deadline: Ongoing; individual partner programs have their own application windows and funding timelines.RollingLocalhomebuyerfirst-time homebuyerlow-income homebuyerIndianapolis residenthomebuyer educationcounselingdown payment assistanceaffordable mortgagefinancial coaching

View details →

Section 32 Homeownership Program – Fort Wayne Housing Authority

Open

Fort Wayne Housing AuthorityINFirst-Time HomeownerPublic housing authority homeownership initiative under HUD Section 32 that converts selected public housing or authority owned units into affordable for sale homes for eligible assisted families, using discounted purchase prices, rehabbed units that meet HUD standards and in some cases ongoing voucher or subsidy support to keep monthly ownership costs affordable.

Updated: Dec 6, 2025

FWHA’s Section 32 Homeownership Program converts certain public housing or authority-owned units into affordable, for-sale homes for qualified low-income families, often leveraging voucher or subsidy structures to support ownership.

Eligible for: Low-income families participating in FWHA programs (often Housing Choice Voucher or public housing residents) who are first-time buyers, com…

Funding: Instead of a fixed grant amount, the program provides affordability by offering select FWHA or public housing units for purchase at discounted prices with rehab completed to HUD standards and by allowing eligible families to apply voucher or subsidy support toward approved ownership costs, lowering the effective cost of becoming a homeowner.Deadline: Rolling; homes and assistance offered as units become available within the Section 32 inventory and related homeownership initiatives.RollingLocalhomebuyerfirst-time homebuyerHousing Choice Voucher participantpublic housing residentlow-income homebuyeraffordable homeownershippublic housing salesection 32homebuyer educationvoucher homeownership

View details →

Down Payment Assistance Programs

Open

Indiana Housing and Community Development AuthorityINFirst-Time HomeownerState housing finance authority menu of down payment assistance options that layer forgivable and deferred second mortgage loans of set percentages of the purchase price on top of 30 year fixed rate IHCDA first mortgages to reduce required cash to close for eligible buyers.

Updated: Dec 6, 2025

Statewide hub page that describes IHCDA’s menu of down payment assistance programs, including forgivable and deferred second-mortgage options that can be layered with IHCDA first mortgages.

Eligible for: Income- and purchase price-eligible homebuyers in Indiana working with an IHCDA participating lender; must meet program-specific credit, deb…

Funding: Describes IHCDA products such as First Place or First Step that can provide up to about 6 percent of the purchase price as a forgivable second mortgage and Next Home options that offer up to roughly 3.5 percent as a deferred second loan that is repaid if the home is sold, refinanced or no longer a primary residence within a defined period.Deadline: Rolling; available statewide through participating lenders while IHCDA program funding remains.RollingStatewidehomebuyerfirst-time homebuyerrepeat homebuyerIndiana residentlow-income homebuyerdown payment assistanceclosing cost assistanceforgivable loansecond mortgageaffordable mortgage

View details →

Mortgage Credit Certificate (MCC) Program

Open

Indiana Housing and Community Development AuthorityINFirst-Time HomeownerState administered mortgage credit certificate program that allows eligible homebuyers to claim a set percentage of their annual mortgage interest as a dollar for dollar federal income tax credit each year, up to 2000 dollars annually, for as long as they live in the home and keep the original loan.

Updated: Dec 6, 2025

Statewide tax-credit program that reduces federal income tax for eligible Indiana homebuyers by converting a portion of their mortgage interest into a dollar-for-dollar tax credit each year.

Eligible for: First-time homebuyers (with exceptions for targeted areas and qualifying veterans) who meet IHCDA income and acquisition price limits, obtai…

Funding: Provides a federal income tax credit equal to a program defined percentage of annual mortgage interest paid, commonly around 20 to 25 percent, capped at 2000 dollars per year for the life of the original mortgage while the borrower lives in the home, reducing after tax housing costs instead of providing cash at closing.Deadline: Rolling; available while IHCDA MCC allocation lasts and must be reserved at loan application through a participating lender.RollingStatewidehomebuyerfirst-time homebuyerveteranIndiana residentlow-income homebuyermortgage credit certificatetax creditlong-term affordabilityfirst-time homebuyer benefit

View details →