Assistance grant
Old National Bank Down Payment Assistance Program (Indiana)
First-time homebuyers · Income limits · Single Family
Down payment assistance · Marion County
Buying a home in Indianapolis, IN
4 Indianapolis programs and 8 statewide.Indianapolis 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 Indianapolis addresses
Indianapolis’s own programs
Deferred second loan
INHP Down Payment Assistance
Income limits · Single-family primary residence in Marion County
Forgivable loan
Down Payment Assistance
First-time homebuyers · Income limits · Single-family detached, condominium, townhouse, 1-2 unit
First mortgage
Greater Indy Habitat for Humanity Homeownership Program
First-time homebuyers · New construction · Income limits · single_family
The Indianapolis marketThe Indianapolis housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Indianapolis
- 59% single-familysingle-family
- 7.9% townhousetownhouse
- 8.9% 2–4 units2–4 units
- 23% 5+ unitscondo & apartment buildings (5+ units)
- 1.2% mobile & othermobile home & other
Condos count. 1 of Indianapolis’s 4 local and county programs accept condos.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Indianapolis’s homes were built
pre-19401970s2020+
59.2%
of Indianapolis 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.
$110,300
County area median income, 4 people (HUD)HUD area median income, Marion County, 4-person household (2026)
$66,219
Indianapolis median household incomeMedian household income in Indianapolis (Census, 2024)
14 of the 74 programs here set their income limit as a share of Marion County’s area median income, adjusted for household size. See the published limits for Marion County
Free help nearbyFree help near Indianapolis
5 HUD-approved counseling agencies within 15 miles5 HUD-approved housing counseling agencies 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
Indianapolis questions
Does Indianapolis have its own down payment program?
Yes, 4: Old National Bank Down Payment Assistance Program (Indiana), INHP Down Payment Assistance, Down Payment Assistance and Greater Indy Habitat for Humanity Homeownership Program. Each is for homes inside Indianapolis.
Can I use assistance on a condo in Indianapolis?
1 of Indianapolis’s 4 local and county programs accept condos. 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 Marion County?
Each program sets its own. 14 of the programs here set theirs as a share of HUD’s area median income for Marion 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 Indianapolis?
HUD-approved housing counseling agencies teach homebuyer classes, and 5 agencies are within 15 miles of Indianapolis. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
46201 · 46202 · 46203 · 46204 · 46205 · 46206 · 46207 · 46208 · 46209 · 46211 · 46214 · 46216 · 46217 · 46218 · 46219 · 46220 · 46221 · 46222 · 46223 · 46224 · 46225 · 46226 · 46227 · 46228 · 46229 · 46230 · 46231 · 46234 · 46235 · 46236 · 46237 · 46239 · 46240 · 46241 · 46242 · 46244 · 46247 · 46249 · 46250 · 46251 · 46253 · 46254 · 46255 · 46256 · 46259 · 46260 · 46266 · 46268 · 46274 · 46275 · 46277 · 46278 · 46280 · 46282 · 46283 · 46285 · 46290 · 46291 · 46295 · 46296 · 46298
Nearby in Marion
Sources
Sources: agency sites (June–July 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–July 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.