Indiana · IHCDA + INHP + MCC

Indiana stacks
the credit too.

Indiana's quiet superpower: the MCC (Mortgage Credit Certificate) — a federal tax credit worth up to $2K/year for the life of the loan. Stack with IHCDA First Place + INHP and Indianapolis becomes one of the strongest first-time buyer markets in the Midwest.

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· The market

Indiana at
a glance.

$240K
Statewide median
+5.8%
YoY appreciation
24 days
Median DOM (fastest in footprint)
IHCDA + MCC
DPA stack depth
· The metros

Where buyers
actually land.

Indianapolis

$250K

Zillow's #2 market for 2026. IHCDA + INHP + MCC. Strong neighborhoods at every price tier.

Open metro guide →

Fort Wayne

$210K

Affordable + growing. IHCDA programs work statewide; local DPA available through Neighborhood Housing Services.

South Bend

$180K

Notre Dame anchor + revitalizing downtown. Strong rental cash-flow market.

Evansville

$190K

Tri-state border (IN/IL/KY). IHCDA programs, slower market, lower entry.

· The stack

5 programs
most LOs forget.

The state-level programs are the spine. Local (city / county) DPA stacks on top. The right combo can drop your cash-to-close to a single car payment.

01

IHCDA First Place (FP)

6% of loan as DPA

First-time buyers. Forgivable second mortgage at 6% of loan amount. Forgiven over 9 years. Pairs with FHA + conventional.

02

IHCDA Next Home

3.5% of price

For repeat buyers (not just first-time). Forgivable second. Less aggressive than First Place but more inclusive.

03

IHCDA Mortgage Credit Certificate (MCC)

Up to $2K/yr · life of loan

Federal tax credit equal to 20–35% of mortgage interest paid. Up to $2K/yr. Reduces effective interest cost. Stacks with First Place / Next Home.

04

INHP — Indianapolis Neighborhood Housing Partnership

Up to $15K

Indianapolis-only. Counseling-required DPA for first-time buyers. Stacks with IHCDA + MCC.

05

Helping to Own (H2O)

$5K grant

First-time buyer grant for select Indiana counties. True grant, not a loan.

· The scenario

$220K Indy bungalow,
stacked.

Purchase price
$220,000
FHA min down (3.5%)
$7,700
IHCDA First Place 6%
−$12,720
INHP grant (Indy zip)
−$15,000
Estimated cash-to-close
~$2,200
MCC tax credit (annual, life of loan)
+$2,000/yr

Loan amount: ~$192K. Estimated PITI: ~$1,720/mo. MCC effectively trims interest cost for the life of the loan.

Indiana is buyable.
If you stack right.

Five minutes. We map your file across every IN program — including the four most LOs forget to mention.

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