Do I have to be a first-time buyer for IHCDA First Step (FHA)?

Yes. The program lists a first-time buyer requirement.

Is there an income limit?

Yes. The listed income limit is Per county.

What credit score does IHCDA First Step (FHA) list?

The listed minimum credit score is 640.

IHCDA First Step (FHA)

IHCDA First Step (FHA) is a deferred 2nd, non-forgivable from IHCDA. Available statewide in Indiana. For first-time buyers. Income limit: Per county.

Amount varies by program

Listed as open as of May 2026

Available statewide in Indiana.

First-time buyer	Required
Income limit	Per county
Minimum credit score	640
Maximum DTI	45%
Homebuyer education	Required (HFA-approved (Framework, eHome, NeighborWorks, etc.))
Occupations	All 92 IN counties
Property types	SFR primary
Occupancy	Owner-occupied primary
Eligible loan products	FHA
Sales price cap	Per county
Repayment	Non-forgivable deferred
Forgivable	Per program structure
Stacking	FHA only

Source IHCDA·official program page·Listed May 2026

Cal has not re-checked this listing recently. Confirm the current terms with the program administrator before relying on them.

Provider: IHCDA · program details at the provider’s site.

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