IHCDA Mortgage Payment Assistance Program

Program Overview

IHCDA Mortgage Payment Assistance Program

This program is designed to prevent foreclosure by offering temporary financial assistance to homeowners in Indiana experiencing hardship. It is part of the Indiana Foreclosure Prevention Network (IFPN), accessible via 877gethope.org.

Program Features:

• Helps cover missed mortgage payments

• Offers support during short-term crises

• May include counseling and legal aid

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 own and occupy a home in Indiana

• Must have experienced a qualified financial hardship

• Must be behind or at risk of falling behind on mortgage payments

• Prevents foreclosure

• Preserves credit

• Offers wraparound support and referrals

1. Visit 877gethope.org

2. Call the helpline or apply online

3. Submit hardship documents and lender info

4. Receive evaluation and funding if approved