Lacasa Homeownership Assistance Program (Goshen & Elkhart)

What is Lacasa Homeownership Assistance Program (Goshen & Elkhart)?

Lacasa Homeownership Assistance Program (Goshen & Elkhart) is a forgivable loan for homebuyers in Goshen, Indiana, administered by Lacasa, Inc.

• Lacasa, Inc., in partnership with the cities of Goshen and Elkhart, provides up to $15,000 in down payment and closing-cost assistance plus one-on-one homeownership coaching to income-eligible buyers purchasing a home within Goshen or Elkhart city limits. Eligible homes must be built in 1979 or later, and the buyer must have a current mortgage preapproval and meet program income limits. The approval process takes one to three months and funding is limited.
• Up to $15,000 toward down payment and closing costs.
• One-on-one housing coaching through closing.
• Backed by local city government.
• HUD-approved counseling agency / NeighborWorks member.
• This is a federal program, so it is available beyond a single state or city.
• Funding comes from City of Goshen and City of Elkhart (administered by Lacasa, Inc.).

How much assistance does it provide?

Lacasa Homeownership Assistance Program (Goshen & Elkhart) offers up to $15,000 in assistance.

• Amounts are the program's published maximums, not an offer — Lacasa, Inc. determines any individual award.

Do you have to pay it back?

Lacasa Homeownership Assistance Program (Goshen & Elkhart) is a forgivable loan, so the balance is forgiven once the program's conditions are met.

• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Lacasa Homeownership Assistance Program (Goshen & Elkhart) is open to buyers who will live in the home as their primary residence.

What are the income limits?

Lacasa Homeownership Assistance Program (Goshen & Elkhart) limits household income to $71,900.

• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• 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?

Lacasa Homeownership Assistance Program (Goshen & Elkhart) can be used for Single Family.

• New construction is not eligible.

Where does it apply?

Lacasa Homeownership Assistance Program (Goshen & Elkhart) is a federal program, so it is not limited to Indiana.

• The program targets specific areas: Goshen and Elkhart city limits only.

How do you apply?

Applications for Lacasa Homeownership Assistance Program (Goshen & Elkhart) go through Lacasa, Inc., which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through Lacasa, Inc. (NeighborWorks chartered member); one-on-one housing coaching and free monthly Master Homeownership class.

2. 2

   Contact Lacasa, Inc. to reserve funds

   Funds are reserved through Funding is limited; eligibility screening via Lacasa intake; approval process takes 1 to 3 months, and are subject to availability.

3. 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.