State Program
IHCDA My Home Program
A flexible mortgage option that doesn’t require first-time buyer status and can be paired with MCC and other forms of assistance.
Program Details
### Program Overview
### IHCDA My Home Program
The **My Home Program** offers fixed-rate loans for Indiana buyers without requiring first-time status. It works well with other IHCDA offerings like MCC.
**Program Highlights:**
- 30-year fixed mortgage
- Compatible with MCC and DPA
- Ideal for move-up buyers or repeat owners
**Who Should Use This Program?**
- First-time homebuyers looking for affordability
- Low- to moderate-income families
- Residents seeking long-term housing stability
**What You Need to Know**
- Program eligibility varies by income and location
- You may be required to complete a homebuyer course
- Assistance may be structured as a grant or loan
**Next Steps**
1. Review eligibility requirements and program benefits
2. Contact a participating lender or city agency
3. Gather financial documents and prepare to apply
4. Complete homebuyer counseling if needed
5. Finalize your loan and receive program benefits
---
### 🔍 Key Features
- Tailored to Indiana homebuyers
- Access to financial assistance
- Available through approved lenders statewide
---
### 👤 Who Is This Program For?
This program is ideal for:
- First-time or repeat homebuyers in Indiana
- Households with limited income or savings
- Buyers seeking predictable monthly mortgage payments
- Individuals needing help with upfront costs like down payments or closing fees
---
### 📌 What Sets It Apart?
- Competitive interest rates and loan terms
- Potential combination with federal or local incentives
- Emphasis on sustainable homeownership and financial stability
- Support from certified housing counselors
---
### 📝 How to Get Started
1. Visit the [official program website](#) or contact an approved IHCDA lender.
2. Gather documentation (proof of income, credit report, home purchase agreement, etc.).
3. Complete a required homebuyer education course if applicable.
4. Submit your application and await approval.
5. Close on your new home and enjoy the benefits of homeownership.
---
### IHCDA My Home Program
The **My Home Program** offers fixed-rate loans for Indiana buyers without requiring first-time status. It works well with other IHCDA offerings like MCC.
**Program Highlights:**
- 30-year fixed mortgage
- Compatible with MCC and DPA
- Ideal for move-up buyers or repeat owners
**Who Should Use This Program?**
- First-time homebuyers looking for affordability
- Low- to moderate-income families
- Residents seeking long-term housing stability
**What You Need to Know**
- Program eligibility varies by income and location
- You may be required to complete a homebuyer course
- Assistance may be structured as a grant or loan
**Next Steps**
1. Review eligibility requirements and program benefits
2. Contact a participating lender or city agency
3. Gather financial documents and prepare to apply
4. Complete homebuyer counseling if needed
5. Finalize your loan and receive program benefits
---
### 🔍 Key Features
- Tailored to Indiana homebuyers
- Access to financial assistance
- Available through approved lenders statewide
---
### 👤 Who Is This Program For?
This program is ideal for:
- First-time or repeat homebuyers in Indiana
- Households with limited income or savings
- Buyers seeking predictable monthly mortgage payments
- Individuals needing help with upfront costs like down payments or closing fees
---
### 📌 What Sets It Apart?
- Competitive interest rates and loan terms
- Potential combination with federal or local incentives
- Emphasis on sustainable homeownership and financial stability
- Support from certified housing counselors
---
### 📝 How to Get Started
1. Visit the [official program website](#) or contact an approved IHCDA lender.
2. Gather documentation (proof of income, credit report, home purchase agreement, etc.).
3. Complete a required homebuyer education course if applicable.
4. Submit your application and await approval.
5. Close on your new home and enjoy the benefits of homeownership.
---
Eligibility Requirements
- Must purchase a home in Indiana for use as a **primary residence**.
- Must meet standard **credit, income, and underwriting guidelines**.
- No first-time buyer requirement.
- Must work with a **participating lender**.
- Education course may be recommended for buyer readiness.
- Must meet standard **credit, income, and underwriting guidelines**.
- No first-time buyer requirement.
- Must work with a **participating lender**.
- Education course may be recommended for buyer readiness.
Program Benefits
- No first-time buyer requirement
- 30-year fixed rate for affordability
- Can be used with MCC and other grants
- Wide availability and lender network
- 30-year fixed rate for affordability
- Can be used with MCC and other grants
- Wide availability and lender network
How to Apply
1. Work with a lender offering My Home Program
2. Review income eligibility and terms
3. Submit loan application and documents
4. Close and begin repayment
2. Review income eligibility and terms
3. Submit loan application and documents
4. Close and begin repayment
Program Overview
Category
State Program
Official Program Website
Information about this program is provided as a resource and may be subject to change. Always verify details with the official program website.
Important Note
Program availability, terms, and requirements may vary by lender and location. Additionally, programs are subject to change based on policy updates and market conditions. Always consult with a mortgage professional for the most current information and to determine eligibility for specific programs.