IHCDA My Home Program

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.

• 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.

• No first-time buyer requirement

• 30-year fixed rate for affordability

• Can be used with MCC and other grants

• Wide availability and lender network

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