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IHCDA Partner Portal

IHCDA Partners > Lenders, Inspectors and Realtors > IHCDA Mortgage Products IHCDA Mortgage Products

Click here to watch IHCDA's homeownership program overview video and/or see below for a list of each individual program and the key benefits offered. 

My Home Conventional

IHCDA is pleased to announce our newest program! My Home Conventional offers qualified homebuyers a low, fixed interest rate on a conventional loan.  Your lender can help you determine the best loan for your financial position. 

Details of MY HOME include:

  • First-time and non-first time homebuyers, previous homebuyers cannot hold ownership in any property at the time of closing
  • Borrower provides their own 3% down payment
  • Follow "Next Home" program guidelines
  • Minimum credit score of 680
  • US Bank underwrites all loans with LTV's greater than 95%
  • Can be combined with the MCC program (must follow first time homebuyer guidelines unless purchasing in a targeted county)  
    • Follow "MCC" program guidelines, including Acquisition Limits 
  • Loan must be originated through an IHCDA Participating Lender
  • No co-signers, no manufactured properties

A complete program guide can be found in IHCDA's Resource Center.

Next Home with MCC Combo

IHCDA is pleased to announce our newest program! If you are attracted to the tax benefit of the MCC program and the down payment assistance of the Next Home program, then this combo program might be the best option for your client! Unlike the Next Home program, borrowers must be a first-time homebuyer to use this combo but otherwise you pair all of the MCC benefits with those of the Next Home program.

Details of Next Home with MCC combo include:

  • Must be a first-time homebuyer or have not had ownership in their primary residence in the past three years, unless purchasing in a targeted county
  • Purchase Price limits apply
  • MCC provides a 20-35% tax credit, not to exceed $2,000, of their mortgage interest expense each year the property is their primary residence.
  • 3 - 4% down payment assistance (DPA) based on loan type
  • DPA is fully forgiven after 2 years if they remain the primary resident in the home
  • DPA has zero interest with no monthly payments
  • Loan types of FHA or Conventional 
  • Minimum credit score of 650
  • Loan must be originated through an IHCDA Participating Lender

Next Home with MCC Video

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 3% or 4%. Under Next Home, there are no purchase price limits which allows more Hoosiers to qualify for this great program.

Details of Next Home include:

  • Down Payment Assistance (DPA) is 4% for Federal Housing Administration (FHA) loans only 
  • Down Payment Assistance (DPA) is 3% for Conventional Loans only
  • Minimum credit score 650
  • No Purchase Price limits
  • Loan must be originated through an IHCDA Participating Lender
  • DPA is fully forgiven after 2 years
  • DPA has zero interest with no monthly payments

Next Home Video

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.