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United Way of the Wabash Valley Home Down Payment Assistance Program

United Way of the Wabash Valley · Terre Haute, Indiana

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Assistance

$4,000

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Grant

Not repaid

What is United Way of the Wabash Valley Home Down Payment Assistance Program?

United Way of the Wabash Valley Home Down Payment Assistance Program is a grant for homebuyers in Terre Haute, Indiana, administered by United Way of the Wabash Valley.

  • A joint venture between United Way of the Wabash Valley and partnering Wabash Valley financial institutions that provides up to 5% in assistance (3% toward down payment and 2% toward closing costs) for the purchase of a home priced up to $80,000, with assistance capped at $4,000 for higher-priced homes. Households at or below 80% of county Area Median Income who invest at least $1,000 of their own funds and complete financial literacy education may qualify. Assistance is provided at closing and secured by a recorded Recapture Agreement requiring the buyer to remain in the home for 5 years.
  • Up to 5% / $4,000 toward down payment and closing costs.
  • No interest, no monthly payments.
  • Forgiven after 5 years of owner-occupancy.
  • Open to repeat buyers (not first-time-only).
  • Paired with specialized lender mortgage packages.
  • Funding comes from United Way of the Wabash Valley and partnering financial institutions.

How much assistance does it provide?

United Way of the Wabash Valley Home Down Payment Assistance Program offers up to $4,000 in assistance.

  • Buyer contribution: Applicant must invest $1,000 of their own funds.
  • The program can be combined with Specialized mortgage packages from participating banks (Hometown Savings Bank, First Financial Bank, Fifth Third Bank, First Farmers Bank & Trust, Fairway Home Mortgage).
  • Amounts are the program's published maximums, not an offer — United Way of the Wabash Valley determines any individual award.

Do you have to pay it back?

United Way of the Wabash Valley Home Down Payment Assistance Program is structured as a grant, so it is not repaid.

  • Repayment is triggered by Prorated repayment if borrower does not remain in the home for 5 years, per the recorded Recapture Agreement with UWWV.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

United Way of the Wabash Valley Home Down Payment Assistance Program 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
  • A completed homebuyer education course, through Applicant must complete 8 hours of approved financial literacy classes prior to closing, or provide proof of completing such courses within the last year
  • Residency: New residence must be located in Clay, Parke, Sullivan, Vermillion, or Vigo County, Indiana, or Clark County, Illinois
  • Citizenship or immigration status: Applicant must be a U.S. citizen or a legal resident with a Social Security number
  • DRAFT (dpa-gap-finder 2026-06-12): pending review. Submit completed Eligibility Requirements form (signed by applicant and financial partner) to Michele Bennett, UWWV Community Impact Manager (mbennett@uwwv.org). Counties served: Clay, Parke, Sullivan, Vermillion, Vigo (IN) and Clark (IL). Education = 8 hours of financial literacy.

The program excludes

  • Households above 80% 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?

United Way of the Wabash Valley Home Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size.

  • Entire household income must be under 80% of the county's Area Median Income (HUD limits); proof of income required.
  • 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?

United Way of the Wabash Valley Home Down Payment Assistance Program can be used for Single Family.

Where does it apply?

United Way of the Wabash Valley Home Down Payment Assistance Program serves buyers purchasing in Terre Haute, Indiana.

How do you apply?

Applications for United Way of the Wabash Valley Home Down Payment Assistance Program go through United Way of the Wabash Valley, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Applicant must complete 8 hours of approved financial literacy classes prior to closing, or provide proof of completing such courses within the last year.

  2. Contact United Way of the Wabash Valley to reserve funds

    Funds are reserved through Lender or applicant contacts UWWV to confirm funds available; signed Eligibility Requirements form approved by UWWV reserves funds; 2 months to close once approved, 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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