Hoosier Homes Guide
Do I Have to Be a First-Time Homebuyer to Qualify?
No. Hoosier Homes does not require first-time homebuyer status — repeat buyers can use the program when they meet credit, income, property, and loan-type guidelines.
No. Hoosier Homes does not require first-time homebuyer status — repeat buyers can use the program when they meet credit, income, property, and loan-type guidelines.
Many Indiana DPA programs are reserved for first-time buyers. Hoosier Homes is different: first-time homebuyer status is not required. If you sold a previous home, moved for work, or are buying again after renting, you can still pursue Hoosier Homes assistance.
You still need an eligible first mortgage (FHA, VA, USDA, or HFA conventional 30-year fixed), a primary residence in a participating county, and to clear credit, DTI, and income screens. The home must be occupied within 60 days of closing.
Ryan and Steve flag first-time vs. repeat status early — not because it blocks Hoosier Homes, but because first-time buyers on the file must complete homebuyer education before closing.
Skipping the first-time rule does not waive the rest of the program screen.
Every borrower needs at least a 620 credit score. Maximum DTI is typically up to 50% with Automated Underwriting System (AUS) approval.
County income limits apply in standard areas and may be waived in Targeted Areas (Hoosier Homes Plus). The property must sit in a participating Indiana county.
1–2 unit single-family homes, PUDs, townhouses, condos, and eligible manufactured housing — primary residence only.
If any borrower on the loan is a first-time homebuyer, an approved homebuyer education course is required before closing.
| Topic | First-time buyer | Repeat buyer |
|---|---|---|
| Eligible for Hoosier Homes? | Yes | Yes |
| Assistance % (4% / 5%) | Based on property location | Based on property location |
| Homebuyer education | Required | Not required by Hoosier Homes alone |
| Credit / DTI / income | Same program screens | Same program screens |
Related Hoosier Homes eligibility guides and program overviews.
When the course is required and how to complete it before closing.
620 minimum for all borrowers on the Hoosier Homes file.
County limits vs. Targeted Area waivers.
Up to 50% DTI with AUS approval.
Program overview — 4% / 5% forgivable second loan.
Full eligibility, counties, and cash rules.
Compare Hoosier Homes with IHCDA, Chenoa, and other DPA.
Ryan & Steve will confirm whether Hoosier Homes fits your file and whether education is required 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.