First Home GrantsCall 866-602-7460

Indiana Next Home

Indiana Housing and Community Development Authority offers Next Home to home buyers in Indiana: as much as 3.5% of the purchase price, as a deferred loan.

Amount
As much as 3.5% of the purchase price
Help type
Loan with deferred payments
Only for first-time buyers
No

Deferred loan: it's never forgiven. The full amount comes due if you sell, refinance (except through IHCDA), finish paying your main home loan or move out.

You make no monthly payment on a deferred loan, yet all of it must be repaid after a sale, refinance or first mortgage payoff.

Which buyers can use Indiana Next Home?

  • IHCDA's income limits chart sets this figure (from May 25, 2026).
  • Being a first-time buyer isn't required.
  • Your home loan is either FHA or conventional, with a fixed rate for 30 years.

Your county and household size set your exact income limit, shown on the agency's income chart. You can see your area's median income with our HUD income limits lookup.

Applying for Indiana Next Home

  1. This help is paid out by Indiana Housing and Community Development Authority through its approved lenders, so you apply through one of them along with your home loan.
  2. Your lender reviews your income, credit and the home under the program's rules, then reserves the funds for you.
  3. At closing, the money goes toward your down payment and closing costs.

Indiana Housing and Community Development Authority's page for Next Home gives the full rules and says if applications are open. You can also choose from the agency's participating lender list.

Talk to a lender about Indiana Next Home

Tell us where you're buying and a lender that works with Indiana's programs can tell you whether Indiana Next Home fits you, and what you could combine with it.

Call 866-602-7460

Prefer not to call? Share your details and the lender will get in touch.

When you send this request, you agree that one mortgage lender who works with these programs may contact you by email, phone or text, including by automated means, about this request. Agreeing is not a condition of any purchase. We are an independent guide, not a lender or a government agency; only that one lender gets your details, and it may pay us for the introduction. See our about page and privacy notice.

More first-time buyer programs in Indiana

Every Indiana first-time home buyer program · Down payment help in all states