Hoosier Homes Guide
What Main Loan Types Work With Hoosier Homes DPA?
Hoosier Homes pairs with FHA, VA, USDA, Fannie Mae HFA Preferred, and Freddie Mac HFA Advantage — all as 30-year fixed first mortgages.
Hoosier Homes pairs with FHA, VA, USDA, Fannie Mae HFA Preferred, and Freddie Mac HFA Advantage — all as 30-year fixed first mortgages.
The DPA layer sits behind a supported first mortgage. Your credit, DTI, occupancy, and property still have to clear both the first lien and Hoosier Homes — Ryan and Steve structure the pairing so overlays do not conflict.
Assistance remains 4% or 5% of the first mortgage amount based on location, regardless of which supported loan type you use.
If a product outside this list is a better fit for your scenario, they will screen other Indiana DPA options instead of forcing a mismatched stack.
These are the main loan types that work with Hoosier Homes DPA.
A common pairing for buyers who need flexible credit overlays while stacking Hoosier Homes toward down payment and closing costs.
Eligible veterans and service members can pair VA financing with Hoosier Homes when the property and occupancy rules clear.
Rural-eligible purchases can combine USDA with Hoosier Homes when both the area and income/property guidelines align.
Fannie Mae HFA Preferred and Freddie Mac HFA Advantage 30-year fixed products bring conventional HFA paths that are designed to stack with this DPA.
| Layer | Role |
|---|---|
| First mortgage | FHA, VA, USDA, or HFA conventional 30-year fixed |
| Hoosier Homes DPA | 4% or 5% second loan toward DP / closing costs |
| Monthly payments | Paid on the first mortgage only — no payment on the aid layer |
| Product choice | Driven by credit, income, property, VA/USDA eligibility, and overlays |
Related Hoosier Homes pairing and eligibility guides.
Participating counties and occupancy rules.
Homes that can pair with Hoosier Homes DPA.
How Targeted Areas unlock the higher tier.
Primary residence only — rentals and vacation homes do not qualify.
When the course is required for FTHB borrowers.
Full eligibility, forgiveness, and cash rules.
Compare Hoosier Homes with other DPA programs.
Ryan & Steve will compare FHA, VA, USDA, and HFA conventional with Hoosier Homes stacked — then build a pre-approval around the pairing that actually qualifies.
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.