Serving Hoosiers in Grant, Tipton, Cass, Miami, Blackford, Madison & Howard Counties
Affordable Housing Corporation can help you buy a home through:
- Homebuyer education and counseling (Calendar of Events)
- Funds for downpayment and closing costs
- Assistance finding a loan with interest rates as low as 1%
We have helped hundreds of homebuyers in Indiana over the past ten years. They tell us the information we provided really made a difference in their success. For more information about purchasing a home with assitance from Affordable Housing Corporation
contact us.
Available Programs:
- Indiana Housing & Community Development Authority (HCDA) First Home One Down & First Home Programs: interest rate as low as 6.25% - 30 year, fixed rate single-family home loan - up to 100% financing. For homebuyers who have not had an ownership interest in a primary residence for the past 3 years; down payment & closing cost assistance up to $7000.
- Federal Home Loan Bank (FHLB) Home Savings Program: $3 to $1 matching for down payment and closing cost assistance. Buyer contributes $500 to $1666; buyer’s contribution is matched $3 for every $1 up to $5000.
- USDA Rural Development 502 Direct Homeownership Loan Program: Low subsidized interest rate loan for homes purchased in rural areas up to 100% financing 1% to 5.625% interest rates based on income with no PMI.
- USDA Rural Development Guaranteed Loan Program: Low subsidized interest rate loan for homes purchased in Rural Areas up to 100% financing; 5.625% interest rates with no PMI.
- Individual Development Account (IDA) Program: $3 to $1 matched passbook savings account. Buyer deposits $400 per year; buyer’s deposits are matched with $1,200 for 4 years ($4,800).
