Indiana Next Home
Indiana Housing and Community Development Authority offers Next Home to home buyers in Indiana: up to 3.5% of the price, as a deferred loan.
- Amount
- Up to 3.5% of the price
- Kind of help
- Deferred loan
- First-time buyers only
- No
How is Indiana Next Home paid back?
Deferred loan: never forgiven. You repay all of it when you sell, refinance (unless through IHCDA), pay off your main home loan or move out.
A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.
Who qualifies for Indiana Next Home?
- Set by IHCDA's income limits chart (from May 25, 2026).
- You don't have to be a first-time buyer.
- It comes with an FHA or conventional 30-year fixed-rate loan.
The exact income limit for your county and household size is on the agency's income chart. Our HUD income limits lookup shows your area's median income.
How to apply for Indiana Next Home
- Indiana Housing and Community Development Authority pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on Indiana Housing and Community Development Authority's page for Next Home, or pick a lender from the agency's list of participating lenders.
Ask 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.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Indiana
- Indiana First Step: up to 4% of the price, deferred loan.
All Indiana first-time home buyer programs · Down payment assistance in every state