Pathfinder Services HomeOwnership Center - First-Time Homebuyer and IDA Programs

Pathfinder Services HomeOwnership Center - First-Time Homebuyer and IDA Programs is down payment assistance for homebuyers in Huntington, Indiana, administered by Pathfinder Services, Inc. - HomeOwnership Center. Pathfinder Services HomeOwnership Center is a certified NeighborWorks HomeOwnership Center based in Huntington, IN, serving 15 Northeast Indiana counties. Programs include first-time homebuyer loan options (including no-down-payment USDA loans), Individual Development Accounts (IDAs) with a 4:1 match for home purchase savings, homebuyer education, USDA Direct/Guaranteed packaging, and foreclosure prevention. First-time homebuyer programs including no-down-payment options; IDA matched savings accounts (4:1 match, up to 4 years); certified housing counseling; USDA Direct and Guaranteed loan packaging; post-purchase counseling. Funding comes from NeighborWorks America; CDFI Fund; grants; USDA; IHCDA IDA matching funds.

Pathfinder Services HomeOwnership Center - First-Time Homebuyer and IDA Programs is down payment assistance and is repaid under the terms set by Pathfinder Services, Inc. - HomeOwnership Center. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Pathfinder Services HomeOwnership Center - First-Time Homebuyer and IDA Programs is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, through Pathfinder Services HomeOwnership Center - in-person and online (eHomeAmerica). Residency requirement: IDA requires Indiana residency. Service counties: Adams, Allen, DeKalb, Huntington, Jay, Kosciusko, LaGrange, Marshall, Noble, St. Joseph, Starke, Steuben, Wabash, Wells, Whitley. Citizenship or immigration status: US citizens and eligible non-citizens for USDA programs. IDA eligibility: Indiana resident; employed with earned taxable income; save minimum $25/month; household income below 200% Federal Poverty Guidelines or receiving TANF; funds used for home purchase, principal paydown, or approved repairs. First-time homebuyer program specifics determined in one-on-one counseling. USDA Direct (very low to low income) and Guaranteed (low to moderate income) options.

Pathfinder Services HomeOwnership Center - First-Time Homebuyer and IDA Programs sets its income limit as follows: IDA: below 200% Federal Poverty Guidelines or TANF recipient. USDA Direct: very low to low income. USDA Guaranteed: low to moderate income. 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.

Pathfinder Services HomeOwnership Center - First-Time Homebuyer and IDA Programs can be used for single_family. New construction is eligible.

Pathfinder Services HomeOwnership Center - First-Time Homebuyer and IDA Programs serves homebuyers purchasing in Huntington, Indiana.

Applications for Pathfinder Services HomeOwnership Center - First-Time Homebuyer and IDA Programs go through Pathfinder Services, Inc. - HomeOwnership Center, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.