IHCDA First Home Plus Program

Program Overview

IHCDA First Home Plus Program

A premium extension of the First Home Program, this option provides expanded financial assistance to cover not just down payments but also closing costs.

Unique Advantages:

• Increased flexibility and layered benefits

• Ideal for buyers with minimal upfront cash

• Enables a more complete financing solution with a 30-year fixed loan

Designed For:

• Buyers already eligible for First Home

• Households looking to minimize total cash-to-close

• Borrowers planning to stay in the home long-term

Key Features:

• Affordable rates

• Support for homeownership

• Available statewide

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 be a first-time homebuyer.

• Meet all base qualifications for the IHCDA First Home Program.

• May include additional credit or affordability assessments.

• Offers additional incentives on top of First Home DPA.

• Can cover more closing costs or offer expanded forgiveness.

• Strengthens affordability for new buyers.

1. Apply through a First Home Plus approved lender.

2. Ensure qualification for the base First Home Program.

3. Receive additional support layered on top of DPA.