IHCDA Next Home Program

### Program Overview

### IHCDA Next Home Program

The **Next Home Program** supports both first-time and repeat buyers in Indiana. It offers a 30-year fixed mortgage with optional DPA up to 3.5%, without requiring first-time buyer status.

**Program Highlights:**
- Open to all eligible buyers
- Includes down payment assistance
- Works with FHA, VA, and conventional loans
- Encourages mobility and second-time ownership

**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

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### 🔍 Key Features
- Tailored to Indiana homebuyers
- Access to financial assistance
- Available through approved lenders statewide

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### 👤 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

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### 📌 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

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### 📝 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.

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- Available to both **first-time and repeat buyers**.
- Must purchase a home in Indiana and occupy it as a **primary residence**.
- Must meet **income eligibility limits** set by IHCDA.
- Must apply through a **participating lender**.
- Completion of **homebuyer education** is encouraged, and sometimes required depending on DPA usage.

- Open to both first-time and repeat buyers
- Up to 3.5% down payment assistance
- 30-year fixed-rate loan with stable terms
- Available statewide through approved lenders

1. Work with an IHCDA-participating lender
2. Provide income and asset verification
3. Choose your preferred DPA structure
4. Finalize application and homebuyer education
5. Close the loan and move in