IHCDA Next Home
IHCDA Next Home is a deferred 2nd forgivable 2 yrs from Indiana Housing & Community Development Authority. Available statewide in Indiana. Up to 3.5% toward a home purchase. Income limit: $88,200-$141,000 by county.
Up to 3.5%
Listed as open as of May 2026
Available statewide in Indiana.
| Income limit | $88,200-$141,000 by 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/VA/USDA/Conv |
| Sales price cap | $349,525-$453,100 by county |
| Repayment | Forgiven after 2 yrs |
| Forgivable | Per program structure |
| Stacking | Pairs with IHCDA first |
Provider: Indiana Housing & Community Development Authority · program details at the provider’s site.
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Forgivable grant · Amount varies by program
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deferred_loan · Up to 6%
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grant · Up to 3.5%
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grant · Amount varies by program
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deferred_loan · Up to $24,999