IHCDA Next Home Down Payment Assistance

Indiana Housing & Community Development Authority

Available Down Payment

About This Program

IHCDA Next Home Down Payment Assistance is available to homeowners in Greenwood, IN.

Down payment and closing cost assistance for first-time homebuyers in Indiana. Forgivable loan up to $7,500 combined with below-market mortgage financing. Forgiven after 5 years of occupancy. Income limits apply, homebuyer education required.

Forgivable loan of up to $7,500, forgiven after 5 years of occupancy

Official program page checked live on 2026-06-22.

Data last verified 2026-06-09. How we verify our data.

In Greenwood, IN, you can combine this program with other local help to cut your cost:

Key Details

  • Up to $7,500 forgivable down payment loan
  • For first-time homebuyers
  • Income at or below 120% AMI typically
  • Homebuyer education required
  • Forgiven after 5 years occupancy

How to Apply

A grant-savvy contractor in Greenwood, IN can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • The program's own application form, completed (use the official link or phone number on this page).

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, subject to funding availability

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Frequently asked questions

How much can IHCDA Next Home Down Payment Assistance provide in Greenwood, IN?

Up to $7,500 down payment assistance.

Who qualifies for IHCDA Next Home Down Payment Assistance in Greenwood?

IHCDA Next Home Down Payment Assistance is open to homeowners in Greenwood, IN.

How do I apply for IHCDA Next Home Down Payment Assistance in Greenwood, 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.

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Greenwood, IN

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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