The UIndy anchor housing program offers benefits-eligible employees interested in buying a home near campus up to $5,000 in down payment assistance, with matching funds from INHP. That could mean up to $10,000 in down payment assistance*.

Here’s how it works: The program provides a five-year, forgivable loan to purchase a home within the geographic boundary. 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 offered as an added employee benefit for those who qualify based on income and residency requirements**. For information about your current list of employee benefits, contact the human resources department.

Here’s what you need to know:
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The program is first-come, first-served.

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A limited number of home purchase loans are available.

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Each loan is forgivable after five years*.

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Income and eligibility restrictions apply**.

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Homes must be located within the neighborhood boundaries UIndy defined.

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You can participate in the program one time.

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UIndy offers an additional home purchase benefit option (Homestead Program). Employees can take advantage of one of these programs only.

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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 must 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, residency and other eligibility restrictions apply. Rates and terms are subject to change without notice. Funds are limited and aren’t guaranteed. Depending upon the response and eligibility, funds cannot be guaranteed to be available to all employees. See the FAQ section below for more information. ** Income and other eligibility restrictions may apply. Household income must be or below 120 percent of Area Median Income as defined by the U.S. Department of Housing and Urban Development to participate in the program. See the FAQ section below for more information. Rates and terms are subject to change without notice.