Indiana · Forgivable loan

IHCDA Next Home

3-4% forgiven in 2 years — repeat buyers OK

3-4% DPA, deferred and forgiven after just 2 years. NOT first-time buyer required. No purchase price limit.

IHCDA's Next Home extends DPA to repeat buyers in Indiana. The program serves homeowners moving up, relocating, or re-entering the market — removing the first-time buyer restriction that limits most state DPA programs.

Amount3-4% forgiven in 2 years — repeat buyers OK

TypeForgivable loan

Available inIndiana

First-time buyer requiredNo

Minimum credit score660

Multi-unit eligibleYes — 1-4 units

House-hack eligible

Forgiven in 2 years is the fastest in the database. No price cap + repeat buyers = strong portfolio tool.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

IHCDA First Step 6% of price — forgivable after 5-7 years

Indiana · Forgivable loan

IHCDA Step Down Interest-only payments = lower monthly cost

Indiana · Subsidized loan

IHCDA Mortgage Credit Certificate Annual tax credit + DPA stacking

Indiana · Annual tax credit

All Indiana programs →

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We'll show you how to combine IHCDA Next Home with other programs to maximize your free money — personalized to your ZIP code and income.

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