Indiana Housing & Community Development Authority
Indiana Next Home Down Payment Assistance is available to homeowners in Bloomington, IN.
Down payment and closing cost assistance for first-time homebuyers in Bloomington purchasing through IHCDA's Next Home program. Provides up to $7,500 as a forgivable second mortgage, forgiven after 10 years of occupancy. Must be combined with IHCDA first mortgage. Income and purchase price limits apply.
Forgivable second mortgage, no repayment if you stay in home 10 years
Official program page checked live on 2026-06-22.
Data last verified 2026-06-09. How we verify our data.
In Bloomington, IN, you can combine this program with other local help to cut your cost:
A grant-savvy contractor in Bloomington, IN can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.
Documents you will likely need
Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.
Deadline: Ongoing program, subject to fund availability
Ask us. It is free, and a real person answers within a business day.
Email us about this programUp to $7,500 forgivable second mortgage.
Indiana Next Home Down Payment Assistance is open to homeowners in Bloomington, IN.
Apply directly with Indiana Housing & Community Development Authority using the official program link on this page or call (317) 232-7777. There is no middleman and no fee.
Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.
Rebates and discounts that stack on top of any grant. Most are free to use.
This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.
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