IHCDA Down Payment Assistance Has Been Increased Up To $7500

Indiana Housing Community Development Authority is excited to announce that effective Friday, September,  25th Our Single Family Program will be enhanced as follows:

·       Down Payment Assistance (DPA) will be increased from our current  5% with a maximum of $5,000.00   to 6% not to exceed a maximum of $7,500.00. Any loans reserved 9/25/09 and after will be eligible for the new amount.

·       Also, a significant change to the Down Payment program is that you may use these funds for closing cost, prepaids in addition to down payment assistance.

·       Lastly, we have increased the amount of Lender Allowable fees from $450.00 to $600.00.