The five categories that determine your credit score
“I want to buy a house, but my credit score is AWFUL.” Is this something you say? Managing and improving your credit score can be daunting, but the homeownership experts at INHP can help. How do credit scores work? If you’ve ever used a credit card or gotten a loan for a car, you have…
Read MoreHow mortgage lenders view co-signed student loans
If your kids are college-bound, you may want to think before co-signing on their student loans, especially if you’re considering moving. When you co-sign a student loan with your child, you may be impacting your ability to qualify for a home loan. Here’s how mortgage lenders view a co-signed student loan: A mortgage lender may…
Read MoreTwo ways mortgage lenders view student loan debt
Are you paying off student loans and looking to buy a home? Here are the two ways mortgage lenders view student loan debt repayment and how each impact how much you can afford: Income based repayment: Income based repayment (IBR) is calculated based on your income and family size. It could be calculated to as…
Read MoreStart saving: Four budgeting tips from an INHP homeownership advisor
Need help saving money to buy a home? At INHP, you have the opportunity to work with a certified homeownership advisor to help you prepare your finances, improve your credit score and save for a down payment. Here are four tips Connie, an experienced INHP advisor, recommends her clients keep in mind when saving money:…
Read MoreOld Southside Neighborhood Association Lift Indy Grant
INHP and the Old Southside Neighborhood Association are working together to bring new homeownership opportunities to the neighborhood. As part of the second Lift Indy grant, awarded by the City of Indianapolis, INHP is developing single-family affordable homes and leading an owner-occupied repair loan program. RFP Opportunity INHP seeks residential general contractors to bid…
Read MoreTake advantage of down payment assistance this homebuying season
It’s homebuying season! If you’re thinking about buying a home this spring, you might have questions about how much money you need for a monthly payment, what’s included in a monthly payment or how much money you need for a down payment. In this Indy Style segment on WISH-TV, Trevor Meeks, trusted expert and VP…
Read MoreFixed rate and adjustable rate mortgages: Find out which is right for you
You’ve qualified for a home loan and now it’s time to select a mortgage. All mortgage payments include principal and interest as a part of the payment – interest is the cost you’ll incur to borrow money from a lender. You have the option of choosing between a fixed rate or an adjustable rate mortgage…
Read MoreINHP partners with Big Car Collaborative, Riley Area Development Corporation to fund artist colony
U.S. Department of the Treasury recognizes INHP for local partnership WASHINGTON, DC (September 6, 2018) – The U.S. Department of the Treasury Community Development Financial Institutions Fund recognized INHP in the blog post “Indianapolis Neighborhood Partnership Helps Artists Revitalize a Community,” along with partners Big Car Collaborative and Riley Area Development. Read the full post…
Read MoreINHP launches Equitable Transit-Oriented Development loan fund
$15 million fund to be used to preserve or cause the development of affordable housing along mass transit lines INDIANAPOLIS (Feb. 5, 2019) – The Indianapolis Neighborhood Housing Partnership® (INHP), in collaboration with Cinnaire, has launched the city’s first Equitable Transit-Oriented Development (ETOD) loan fund that will be used to preserve affordable housing or spur development…
Read MoreJPMorgan Chase & Co. awards $240,000 grant to the Indianapolis Neighborhood Housing Partnership
INDIANAPOLIS [October 12, 2016] The Indianapolis Neighborhood Housing Partnership (INHP) has received a $240,000 grant from JPMorgan Chase to support its mission to provide homeownership education, financial and mortgage advising, and home lending programs to low- and moderate-income families living and working in three Indianapolis Great Places neighborhoods. The gift represents JPMorgan Chase’s dedication to…
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