Indiana’s Next Home (NH) program provides down payment assistance towards either FHA or Conventional financing. The FHA component (“NH-FHA”) allows for down payment assistance up to 3.5 percent of the either the purchase price or the appraised value (which ever is lower.) For the conventional component (“NH-CONV”), the down payment assistance can’t exceed 3.0 percent of the purchase price or the appraised value (which ever is lower.)
Obviously, income limits apply, but you do not have to be a first-time home buyer to qualify. So, for a Next Home-FHA, your minimum credit score must be at least 660. Yet, for a Next Home-Conventional, your credit score can be as low as 640. The 30 year fixed rate is set by the IHCDA.
Also check out Indiana’s Affordable Home program. The Affordable Home program allows first time home buyers to get an FHA loan at a below market interest rate. Plus, check out Indiana’s H2O program which offers grants to help with down payments. Also, remember that for Indiana’s My Home program you also don’t have to be a first-time home buyer.
Are You Ready to Move to the Jasper Area?
If you’re interested in moving to a community near Jasper, Indiana, check out our listings. Become familiar with the area. Before you start shopping for a home in Indiana, it’s a good idea to explore areas you might like to live in — that way you can get a feel for what properties are available and how much you’ll need to spend. We’ll help you find homes for sale in the most beautiful parts of Indiana.
Let us know if you want us to be on the lookout for Dubois County homes with solar arrays, geothermal systems or other green upgrades too!
- Sell-4Free’s Featured Dubois County Homes
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- Virtual Tours
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On the other hand, if you’d like to sell your Jasper-area home, we’d love to help with that too! Call us at 812-634-6969 or get in touch with us online.