Hoosier Homes Guide
Who Administers the Hoosier Homes Program?
Hoosier Homes is administered by the Fort Wayne Housing Authority in partnership with Club 720 and participating lenders.
Hoosier Homes is administered by the Fort Wayne Housing Authority in partnership with Club 720 and participating lenders.
Hoosier Homes is a down payment assistance program offered through the Fort Wayne Housing Authority (FWHA) in partnership with Club 720, a housing counseling and homebuyer education organization.
The program operates through a network of participating lenders who are approved to originate Hoosier Homes second mortgages alongside eligible first mortgages (FHA, VA, USDA, or conventional).
Your lender handles the application, coordinates with the program administrator, and ensures the second mortgage is properly documented and recorded at closing.
For questions about county eligibility, current funding availability, or program guidelines, contact a participating lender or Club 720 directly.
Calling Hoosier Homes a grant vs. a loan changes how you plan exits and long-term occupancy.
4% or 5% assistance reduces what you bring to closing — but terms still apply: occupancy, forgiveness timeline, and possible payoff on sale or refinance.
No payment is due on the Hoosier Homes second lien. Your monthly housing cost is your first mortgage, taxes, insurance, and HOA — not a separate DPA payment.
A remaining second-lien balance is due if you exit within 7 years. Ryan and Steve model this payoff before you close so there are no surprises.
If you expect to stay 7+ years, the forgivable structure can mean you never repay the assistance. Shorter timelines require planning for the unforgiven balance.
How principal forgiveness accumulates month by month.
| Time in home | Forgiven (approx.) | Remaining balance (approx.) |
|---|---|---|
| Year 1 (12 months) | ~14.3% | ~85.7% |
| Year 3 (36 months) | ~42.9% | ~57.1% |
| Year 5 (60 months) | ~71.4% | ~28.6% |
| Year 7 (84 months) | 100% | $0 — fully forgiven |
Example on $12,000 assistance: after 3 years, roughly $5,140 could remain unforgiven if you sell or refinance at that point.
Related guides on repayment timing, structure, and early exit.
Program overview — Indiana DPA for primary-residence buyers.
4% vs 5% examples by first mortgage amount.
Payoff rules when you exit early.
DASH reservations and lender origination.
Full guide — eligibility, counties, and cash rules.
Compare Hoosier Homes with other Indiana DPA.
FHA 30-year fixed pairing with Hoosier Homes.
Ryan & Steve will show you exactly how the Hoosier Homes second lien appears on your Loan Estimate and what forgiveness means for your timeline.
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.