Marian University’s anchor housing program offers up to $25,000 in down payment assistance to staff and faculty interested in buying a home near campus.

Here’s how it works: Marian University’s program provides a five-year, forgivable loan to purchase a home within a specific area. Each year, on the anniversary of the month you closed on your loan, 20 percent of the loan balance will be forgiven. After five years, the loan will be completely forgiven.

This program is facilitated by the Indianapolis Neighborhood Housing Partnership (INHP), and offered to you as an added employee benefit. For information about your current list of employee benefits, contact the human resources department at 317-955-6072.

Are you interested in participating in Marian University’s anchor housing program? Here’s what you need to know:

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The program is first-come, first-served.

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Only two $25,000 home purchase grants are available in 2019.*

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You can participate in the program one time.

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Homes must be located within the neighborhood boundaries Marian University selected.

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Unbiased loan officers will help you compare interest rates, and down payment and loan terms. Learn about advising and related costs here.

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Homebuyers may participate in pre-purchase homeownership advising. Learn about advising and related costs here.

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Homebuyers must take a homebuyer education class. Learn about the class and related costs here.

* Income and other eligibility restrictions may apply. See the FAQ section below for more information. Rates and terms are subject to change without notice.