Forgivable loan
Bloomington Down Payment & Closing Cost Assistance Program
First-time homebuyers · Income limits · single-family
Down payment assistance · Monroe County
Buying a home in Bloomington, IN
4 Bloomington programs and 8 statewide.Bloomington has 4 programs of its own, and 8 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Only for Bloomington addresses
Bloomington’s own programs
Forgivable loan
Down Payment and Closing Cost Home Ownership Program
First-time homebuyers · Income limits · Single-family detached, condominium, townhouse
First mortgage
Habitat for Humanity of Monroe County Homeownership Program
First-time homebuyers · New construction · Income limits · single_family
Shared-appreciation loan
Shared Equity Homeownership Program
First-time homebuyers · New construction · Income limits · Single-family detached, condominium, townhouse, CLT-leasehold parcels
The Bloomington marketThe Bloomington housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Bloomington
- 35.8% single-familysingle-family
- 7.4% townhousetownhouse
- 9.9% 2–4 units2–4 units
- 44.1% 5+ unitscondo & apartment buildings (5+ units)
- 2.8% mobile & othermobile home & other
Condos count. 2 of Bloomington’s 4 local and county programs accept condos. Bloomington Down Payment & Closing Cost Assistance Program lists single-family. Habitat for Humanity of Monroe County Homeownership Program lists single_family.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Bloomington’s homes were built
pre-19401970s2020+
43.7%
of Bloomington homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$109,900
County area median income, 4 people (HUD)HUD area median income, Monroe County, 4-person household (2026)
$50,465
Bloomington median household incomeMedian household income in Bloomington (Census, 2024)
16 of the 74 programs here set their income limit as a share of Monroe County’s area median income, adjusted for household size. See the published limits for Monroe County
Free help nearbyFree help near Bloomington
1 HUD-approved counseling agency within 15 miles1 HUD-approved housing counseling agency within 15 miles
4 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.All 4 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across Indiana and nationwide
70 statewide & federal programs8 statewide programs, plus federal options
Bloomington questions
Does Bloomington have its own down payment program?
Yes, 4: Bloomington Down Payment & Closing Cost Assistance Program, Down Payment and Closing Cost Home Ownership Program, Habitat for Humanity of Monroe County Homeownership Program and Shared Equity Homeownership Program. Each is for homes inside Bloomington.
Can I use assistance on a condo in Bloomington?
2 of Bloomington’s 4 local and county programs accept condos. Bloomington Down Payment & Closing Cost Assistance Program lists single-family. Habitat for Humanity of Monroe County Homeownership Program lists single_family. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Monroe County?
Each program sets its own. 16 of the programs here set theirs as a share of HUD’s area median income for Monroe County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Bloomington?
HUD-approved housing counseling agencies teach homebuyer classes, and 1 agency is within 15 miles of Bloomington. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
47401 · 47402 · 47403 · 47404 · 47405 · 47406 · 47407 · 47408 · 47490
Nearby in Monroe
Sources
Sources: agency sites (June–August 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (June–August 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.