IHCDA Mortgage Products
First Home
The First Home program offers qualified Hoosiers below market interest rate mortgages. This program can be used with conforming mortgage products, such as the FHA / VA, Fannie Mae, or USDA Rural Development financing.The First Home program is for first-time homebuyers only, unless purchasing in a targeted county.
A complete program guide can be found in IHCDA's Resource Center.
Mortgage Credit Certificate
The Mortgage Credit Certificate (MCC) program offers qualified Hoosiers a Federal Tax Credit. The tax credit amount ranges between 20% and 35% of the interest paid on a mortgage each year, depending on the mortgage loan amount. The tax credit can be claimed each year, through the life of the mortgage, as long as the home remains the borrowers principal place of residence. The maximum credit per year is $2,000.
The MCC program is for first-time homebuyers only, unless purchasing in a targeted county.
MCC Video (English)
MCC Video (Spanish)
A complete program guide can be found in IHCDA's Resource Center.
Next Home
The newest option for affordable home buying in Indiana is Next Home! Next Home offers prospective homeowners who do not qualify as first-time homebuyer’s as well as first-time homebuyer's, down payment assistance of 4%. Under Next Home, there are no purchase price limits which allows more Hoosiers to qualify for this great program. For current interest rates, please contact a Participating Lender.
Details of Next Home include:
A complete program guide can be found in IHCDA's Resource Center.
