IHCDA (Indiana Housing and Community Development Authority) at in.gov/ihcda provides the First Place (first-time buyer) and Next Home (repeat buyer) mortgage programs with DPA.

What is Indiana's First Place program?

First Place provides a 30-year fixed first mortgage plus DPA for qualifying first-time Indiana buyers. Income and purchase-price limits apply. Verify current terms at in.gov/ihcda.

Can repeat buyers use Indiana HFA programs?

Yes — IHCDA's Next Home program is specifically designed for repeat buyers who meet income requirements.

Are Indiana home prices affordable?

Yes — Indiana consistently ranks among the most affordable states for median home prices. Indianapolis suburbs offer good value relative to comparable Midwest metros.

Where can I find a HUD counselor in Indiana?

HUD lists approved housing counselors at hud.gov/states/indiana.

Mortgages in Indiana

Indiana offers some of the most affordable median home prices in the Midwest. Indianapolis and its suburbs have seen steady appreciation. College market communities (Bloomington, West Lafayette) and secondary cities (Fort Wayne, South Bend) offer varied price points.

More Indiana guides

Personal Loans in Indiana Auto Insurance in Indiana Homeowners Insurance in Indiana Renters Insurance in Indiana Auto Loans in Indiana Student Loans in Indiana Life Insurance in Indiana High-Yield Savings in Indiana

Mortgages by state

All states Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming