To qualify for the 5% assistance level, the specific property address must be located within a designated Targeted Area Census Tract or qualified community area within those jurisdictions.
Properties located in these Targeted Areas also qualify to have standard program income limits waived.
Note: Targeted Areas are defined down to specific census tract numbers within participating counties and cities. Check the exact property address against Exhibit A of the program guidelines or the DASH reservation portal during loan registration to verify whether a specific address qualifies for the 5% tier.
Financial details
Hoosier Homes is designed to minimize out-of-pocket cash at closing — with clear rules on what you can and cannot receive back from the assistance.
Hoosier Homes does not require you to bring your own funds toward the down payment. The program is built to cover the assistance layer without a mandatory minimum contribution from you.
Borrowers cannot receive cash back from assistance funds. However, you may receive a refund for any excess personal funds you contributed at closing — so money you put in above what was needed can come back to you.
Program guidelines, income limits, and Targeted Area maps change. This page is educational — final eligibility is confirmed when your file is underwritten against current Hoosier Homes rules.
Ryan and Steve will screen Hoosier Homes against your county, loan type, and income — then build a pre-approval that accounts for 4% or 5% DPA up front.