Hoosier Homes Guide

Can I Use Hoosier Homes for an Investment Property or Second Home?

No — Hoosier Homes is strictly for primary residences. Investment properties and second homes are not eligible.

Primary Residence Only

Hoosier Homes down payment assistance is designed to help Indiana residents achieve homeownership — not to finance investment portfolios. The program requires:

✓You must occupy the property as your primary residence

✓You must remain in the home for the 7-year forgiveness period to have the second loan fully forgiven

✓Converting to a rental or second home during the forgiveness period triggers repayment of the unforgiven balance