Hoosier Homes provides 4% of your first mortgage in standard areas or 5% in Targeted Areas (Plus) — here is what that looks like in real dollars and how Ryan & Steve size your cash to close.
Assistance is calculated as a percentage of your final first mortgage loan amount — not the purchase price.
| First mortgage amount | 4% (standard) | 5% (Targeted Area Plus) |
|---|---|---|
| $200,000 | $8,000 | $10,000 |
| $250,000 | $10,000 | $12,500 |
| $300,000 | $12,000 | $15,000 |
| $350,000 | $14,000 | $17,500 |
| $400,000 | $16,000 | $20,000 |
Example: a $300,000 first mortgage at 5% Plus assistance = $15,000 toward down payment or closing costs.
Hoosier Homes assistance is flexible — Ryan and Steve allocate it where your file needs it most.
On FHA, VA, or USDA first mortgages, 4% or 5% assistance can cover most or all of your minimum down payment need — potentially leaving minimal cash at closing.
Origination, title, appraisal, prepaids, and other settlement charges can be paid from Hoosier Homes assistance — reducing what you bring to the closing table.
Standard Hoosier Homes (4%): Available when the property is in an approved participating Indiana county and meets program guidelines. County income limits apply.
Hoosier Homes Plus (5%): Requires the property address to fall within a designated Targeted Area census tract inside an approved county. Income limits may be waived in these areas.
Ryan and Steve verify the property address against program maps and the DASH reservation portal during loan registration — not after you are under contract.
Related Hoosier Homes guides and Indiana DPA options.
Program overview — Indiana DPA for primary-residence buyers.
Second-lien structure and 7-year forgiveness schedule.
Remaining balance due on early exit.
DASH reservations and lender origination.
Full guide — counties, eligibility, and cash rules.
Compare Hoosier Homes with other Indiana DPA.
State-run First Step and Next Home programs.
Ryan & Steve will model 4% vs 5% Hoosier Homes assistance against your first mortgage and purchase price.
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. This website is not directly affiliated with or endorsed by any government agency.