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INHP Down Payment Assistance

Indianapolis Neighborhood Housing Partnership (INHP) · Indianapolis, Indiana

Last verified
See what you qualify forOfficial program site →
Assistance

$14,999

The maximum the program publishes — not an offer

Income limit

120% AMI

Of area median income; varies by county and household size

Repayment

Deferred

No payments until the home is sold or refinanced

What is INHP Down Payment Assistance?

INHP Down Payment Assistance is a deferred second loan for homebuyers in Indianapolis, Indiana, administered by Indianapolis Neighborhood Housing Partnership (INHP).

  • INHP, a leading homeownership resource in Marion County, offers down payment assistance of up to $14,999 to qualified buyers who use one of INHP's mortgage loan products. The DPA cannot be accessed on its own; it is available only alongside an INHP mortgage. Income eligibility is based on HUD Marion County median income limits (up to ~120% AMI by household size) effective June 1, 2026.
  • Up to $14,999 in down payment assistance.
  • Paired with affordable INHP mortgage products.
  • Free homebuyer classes and 1-on-1 advising.
  • Local Marion County focus.
  • Up to 120% AMI eligibility.
  • Funding comes from INHP plus partners including FHLBank Indianapolis.

How much assistance does it provide?

INHP Down Payment Assistance offers up to $14,999 in assistance.

  • Amounts are the program's published maximums, not an offer — Indianapolis Neighborhood Housing Partnership (INHP) determines any individual award.

Do you have to pay it back?

INHP Down Payment Assistance is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • The assistance is recorded in Second position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

INHP Down Payment Assistance is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: Determined through INHP loan program eligibility and advising.
  • A completed homebuyer education course, through INHP homebuyer classes and advising.
  • Residency: Property must be in Marion County, IN.
  • DRAFT (dpa-gap-finder 2026-06-10): pending review. Must use an INHP mortgage; Marion County only; income certification and funding availability required. UNCONFIRMED: assistance minimum, loan term/forgiveness structure, min credit score, max DTI, max purchase price, 4-person income limit (chart published only as an image).

The program excludes

  • Households above 120% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

INHP Down Payment Assistance limits household income to 120% of the area median income, which varies by county and household size.

  • Based on HUD Marion County 2026 median income limits, effective June 1, 2026; eligibility chart published up to 120% AMI by household size.
  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

INHP Down Payment Assistance can be used for Single-family primary residence in Marion County.

Where does it apply?

INHP Down Payment Assistance serves buyers purchasing in Indianapolis, Indiana.

How do you apply?

Applications for INHP Down Payment Assistance go through Indianapolis Neighborhood Housing Partnership (INHP), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through INHP homebuyer classes and advising..

  2. Contact Indianapolis Neighborhood Housing Partnership (INHP) to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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