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First Time Home Buyer Grants

Reviewing Indiana first time home buyer grants to purchase a home? Find the best grants, programs for home buying in Indiana and other assistance below.

You will have to admit, purchasing a house is exciting. Getting that place you can call your own....what an awesome feeling.

However, you can feel really exposed as you reveal everything about yourself in all the documents they require! But don't let it upset you. This is a worthwhile struggle.

I don't plan to leave you out in the lurch! Here you will find some useful information about Indiana first time home buyer grants which will move you the right direction.

Succeeding in qualifying for one of these home mortgage grants will feel like a business man handing you a pile of money. It feels that good!

If you would like help navigating the home buying process, which includes finding a grant; searching for that perfect home or even selecting the right mortgage, click here and fill out the questionnaire for some free coaching and let's get this process started!

Indiana first time home buyer grants

Indiana Grants for Home Buying

To begin with, the State of Indiana does offer an Indiana first time home buyer grant program for its residents. This is good news because not all states are able to offer assistance to first time home

The name of the program is "Helping to Own (H2O)." It is a 100% financing program with down payment assistance. This program has a grant of 3.5%. That means the  grant assistance doesn't have to be paid back. Pretty awesome! But you must be a first time home buyer to qualify. There are other limitations and restrictions to qualify, so you will have to investigate to see if this is a good fit for you.

Another program is called "Next Home (NH)." You don't have to be a first time buyer to qualify for this program. It does have a down payment assistance program associated with it. This assistance program is a loan that has zero interest and zero payments. But it is like a grant!

Now, when you stay in this home for a specified period of time, you don't have to pay the loan back! In other words, it is 'forgiven.' You know what that means don't you? That's right, you don't have to pay it back! You can see why I have listed like a grant. When you've met all the stipulations, you now have a grant!

There is another awesome option for those buying for the first time. It is called the Mortgage Credit Certificate program. This is a tax credit and is available on a limited basis. But it too is a wonderful help to those seeking it. There are restrictions.

Wow, Indiana is wonderful to their residents! So be sure you take the time to investigate these programs.

The state agency which maintains these programs is called the Indiana Housing and Community Development Authority. Visit them to determine your eligibility.

Federal Home Buying Grants

In addition, the federal government offers grant assistance for first time home buyers in Indiana. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program. Their website contains useful information and applications.

The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.

Additional Home Mortgage Grants

Another website I would recommend that you view is Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

Unfortunately, when you are looking for a home buying grant, you need to prepare yourself for the time it takes from application to approval. So, if you have a house all picked out and what the grant money right away, the seller may not wait.

It's important that you start this process right away. But also remember that much of these funds are granted at the beginning of the year to the funding organizations. Thus, the money may be gone if you wait until fall to apply. It is a good idea to start this process early in the year.

Another good suggestion, is to start a savings program at the same time. Then, if you are not approved, you have some money saved to put down.

Of course, you may need a loan program that is lenient when it comes to the down payment requirement. But the cool thing is you are setting up a safety net for yourself. If the grant approval comes in, then you have money for other things you may need for the house.

So be proactive while you wait! You won't be sorry.

If you need help estimating your mortgage closing costs, check out this FREE closing costs calculator by clicking here.

Would you like some help? Perhaps a personal coach to guide you through the process is what you're looking for. For free coaching, fill out the questionnaire here. Then you will be contacted and offered the assistance you seek.

Perhaps a grant is not available in your state. Or you do not qualify for one. Don't get discouraged. If you still want to save money, check out this page that discusses the zero down payment program.

Are you ready to find out if you're eligible for a home loan? Our Best FHA Home Loans page explains the FHA loan programs that are suited for first time home buyers.

More Indiana First Time Home Buyer Grants Support

Thank you for visiting our website. Below you'll find more information to help you with Indiana first time home buyer grants.

Click here for additional information on Indiana First Time Home Buyer Grants.

This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.

Happy House Hunting!!

Leave Indiana First Time Home Buyer Grants and return to State Lists main page.

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