Fort Wayne Down Payment Assistance

Program Overview

Fort Wayne Down Payment Assistance Program

This city-managed program provides financial assistance to help cover down payments and closing costs for eligible homebuyers within Fort Wayne.

Key Features:

• Can be layered with IHCDA or FHA financing

• Often includes homebuyer education component

• Amount may be a forgivable loan or grant

Who Should Use This Program?

• First-time homebuyers looking for affordability

• Low- to moderate-income families

• Residents seeking long-term housing stability

What You Need to Know

• Program eligibility varies by income and location

• You may be required to complete a homebuyer course

• Assistance may be structured as a grant or loan

Next Steps

1. Review eligibility requirements and program benefits

2. Contact a participating lender or city agency

3. Gather financial documents and prepare to apply

4. Complete homebuyer counseling if needed

5. Finalize your loan and receive program benefits

🔍 Key Features

• Tailored to Indiana homebuyers

• Access to financial assistance

• Available through approved lenders statewide

👤 Who Is This Program For?

This program is ideal for:

• First-time or repeat homebuyers in Indiana

• Households with limited income or savings

• Buyers seeking predictable monthly mortgage payments

• Individuals needing help with upfront costs like down payments or closing fees

📌 What Sets It Apart?

• Competitive interest rates and loan terms

• Potential combination with federal or local incentives

• Emphasis on sustainable homeownership and financial stability

• Support from certified housing counselors

📝 How to Get Started

1. Visit the official program website or contact an approved IHCDA lender.

2. Gather documentation (proof of income, credit report, home purchase agreement, etc.).

3. Complete a required homebuyer education course if applicable.

4. Submit your application and await approval.

5. Close on your new home and enjoy the benefits of homeownership.

• Must purchase a home within Fort Wayne city limits

• Must meet local income guidelines

• Must complete homebuyer education course

• Up to $8,000 in down payment or closing cost aid

• Strengthens local homeownership

• Encourages financial literacy

1. Contact the City of Fort Wayne’s Office of Housing

2. Apply for down payment assistance

3. Complete homebuyer training

4. Work with a local lender to finalize purchase