IHCDA Next Home Down Payment Assistance

Indiana Housing and Community Development Authority (IHCDA)

Available Down Payment

About This Program

IHCDA Next Home Down Payment Assistance is available to homeowners and renters in Indianapolis, IN.

2.5% or 3.5% of home purchase price as down payment assistance. Available to both first-time and repeat buyers. 30-year fixed-rate FHA or Conventional. Cannot exceed appraised value. Income and purchase price limits apply.

First-time and repeat buyers both eligible

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

Data last verified 2026-04-01. How we verify our data.

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

Key Details

  • 2.5% or 3.5% down payment assistance
  • Open to repeat buyers (not just first-time)
  • 30-year fixed-rate mortgage required

How to Apply

Get free help applying Visit Official Program Page Track this program

317-232-0211

A grant-savvy contractor in Indianapolis, 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).
Download this checklist (PDF)

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: Year-round through participating lenders

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

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

IHCDA Next Home Down Payment Assistance is open to homeowners and renters in Indianapolis, IN.

How do I apply for IHCDA Next Home Down Payment Assistance in Indianapolis, IN?

Apply directly with Indiana Housing and Community Development Authority (IHCDA) using the official program link on this page or call 317-232-0211. 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.

Get matched with a pro, free Browse Indianapolis, IN contractors

Find More Programs in Indianapolis, IN

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

See All Programs