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

What is 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.

Do you have to pay it back?

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.

Who qualifies?

Pathfinder Services HomeOwnership Center - First-Time Homebuyer and IDA Programs is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

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.

What kind of home can it be used for?

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

• New construction is eligible.

Where does it apply?

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

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program, through Pathfinder Services HomeOwnership Center - in-person and online (eHomeAmerica).

2. 2

   Contact Pathfinder Services, Inc. - HomeOwnership Center to reserve funds

   Funds are reserved with the provider 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.