Hoosier Homes Guide
Can I Use Hoosier Homes for an Investment Property or Second Home?
No. Hoosier Homes is for a primary residence only — you must occupy the home within 60 days of closing. Investment properties and second homes do not qualify.
No. Hoosier Homes is for a primary residence only — you must occupy the home within 60 days of closing. Investment properties and second homes do not qualify.
Hoosier Homes down payment assistance is reserved for buyers who will live in the home. The geography and property-type rules sit on top of that occupancy requirement — a rental in a participating county still will not reserve.
Forgiveness over seven years is also tied to remaining in the home as your primary residence. Using the aid for a vacation home or buy-and-hold rental would break both the occupancy intent and the program purpose.
If your goal is a rental, Ryan and Steve will point you to investor financing instead of forcing a DPA product that cannot close.
Clarify intent before you write an offer — occupancy mistakes kill DPA reservations late in underwriting.
You (and your household) will live in the property as your main residence and move in within 60 days of closing.
Buying to house tenants from day one — even in a participating county — does not meet Hoosier Homes occupancy rules.
A weekend cabin, lake house, or pied-à-terre is a second home, not a primary residence for this program.
Living in one unit of a 1–2 unit property can work when the first mortgage and Hoosier Homes both accept owner-occupancy. Confirm before you contract.
| Use case | Hoosier Homes |
|---|---|
| Primary residence purchase | Eligible (with county / property / loan rules) |
| Second / vacation home | Not eligible |
| Investment / rental | Not eligible — use investor financing |
| Owner-occupied 2-unit | Possible when you live there as primary |
Related occupancy, property, and financing guides.
1–2 unit homes, PUDs, townhomes, condos, and manufactured housing.
Participating Indiana counties and the 60-day occupancy rule.
Targeted Area rules for the higher assistance tier.
FHA, VA, USDA, and HFA conventional 30-year fixed options.
Financing paths when you are buying a rental instead.
Full eligibility, forgiveness, and cash rules.
Compare Hoosier Homes with other DPA programs.
Tell Ryan & Steve your occupancy plan up front. They will route you to Hoosier Homes for a primary purchase or investor financing for a rental.
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.