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IHCDA > Becoming a Home Owner  > Next Home Next Home

IHCDA is pleased to present the newest option for affordable home buying in Indiana. Next Home offers prospective homeowners who do not qualify as first-time homebuyer’s, down payment assistance of up to 4%. Under Next Home, there are no purchase price limits which allows more Hoosiers to qualify for this great opportunity.

Details of Next Home include:    

  • Down Payment Assistance (DPA) to non-first-time home buyer
  • DPA is 4%
  • Federal Housing Administration loans
  • Min credit score 650
  • DPA is fully forgiven after 2 years
  • DPA has zero interest with no monthly payments
  • No purchase price limits
  • Must be originated through a participating lender

*For current interest rates, please contact a Participating Lender. 

Next Home Video

Ready to get started? Please review our "Participating Lenders & Program Income Limits" page to learn about what income limits apply to your area and to find a lender in your county that can help you with your financing needs.

Contact IHCDA if you have more questions.

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