IHCDA First Step Down Payment Assistance

Indiana Housing and Community Development Authority (IHCDA)

Available Down Payment

About This Program

IHCDA First Step Down Payment Assistance is available to renters in Indianapolis, IN.

5% of the home purchase price as down payment assistance for first-time homebuyers or purchasers in targeted census tracts. 30-year fixed-rate FHA or Conventional. Non-forgivable DPA. Income and purchase price limits apply. $250 reservation fee.

First-time buyers or targeted census tracts

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

  • 5% of home purchase price
  • 30-year fixed-rate FHA or Conventional
  • Must be first-time buyer or in targeted census tract

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.

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Frequently asked questions

Who qualifies for IHCDA First Step Down Payment Assistance in Indianapolis?

IHCDA First Step Down Payment Assistance is open to renters in Indianapolis, IN.

How do I apply for IHCDA First Step 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.

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