Hoosier Homes Guide
What Minimum Credit Score Is Required?
Hoosier Homes requires a minimum credit score of 620 for all borrowers on the loan — then your first mortgage product and lender overlays must clear as well.
Hoosier Homes requires a minimum credit score of 620 for all borrowers on the loan — then your first mortgage product and lender overlays must clear as well.
Hoosier Homes sets a clear credit floor: minimum credit score of 620 for all borrowers. That applies to every adult on the note — not only the primary applicant.
Your first mortgage still has to approve. FHA, VA, USDA, and HFA conventional products each carry their own credit expectations and AUS findings. Lender overlays can sit above the Hoosier Homes floor, so we underwrite to the stricter applicable rule.
Credit score does not change your assistance percentage. Location decides 4% vs. 5% (Targeted Areas / Hoosier Homes Plus) — score decides whether you clear the program gate.
A clean 620+ score is necessary — not always sufficient on its own.
We review scores and tradelines during pre-qualification so you know whether Hoosier Homes is realistic before you write an offer in a participating county.
Adding a spouse or co-borrower can help income and DTI — but their score must also clear 620 and any first-mortgage overlays.
Program minimums are only one screen. Derogatory credit, recent lates, or unresolved collections can still affect AUS findings and lender approval.
If you are just under 620, we map a short improvement path or compare other DPA options that may fit your current profile.
| Requirement | Hoosier Homes guideline |
|---|---|
| Credit score | 620 minimum for all borrowers |
| DTI | Up to 50% with AUS approval |
| First-time buyer | Not required |
| Income | County limits (waived in Targeted Areas) |
Related Hoosier Homes eligibility guides and program overviews.
Repeat buyers are eligible — first-time status is not required.
County limits vs. Targeted Area waivers.
Up to 50% DTI with AUS approval.
When the course is required for first-time buyers.
4% vs 5% examples by first mortgage amount.
Full eligibility, counties, and cash rules.
Compare Hoosier Homes with other Indiana DPA.
Ryan & Steve will review your credit profile against Hoosier Homes and first-mortgage overlays before you shop.
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.