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Community Lift mortgage loan program

New INHP special purpose credit program expands Indianapolis minority homeownership opportunities

Community Lift offers ideal financing for historically underserved homebuyers

The Indianapolis Neighborhood Housing Partnership (INHP) is proud to introduce a new, special purpose credit program called Community Lift to support minority borrowers and neighborhoods in Marion County.

Community Lift is a mortgage loan that is available to borrowers earning low and moderate incomes who self-identify their race and/or ethnicity as a minority, or the property to be purchased is located in a majority minority census tract in Indianapolis, Ind. Borrowers may earn up to 120% of the area median income (AMI), meaning a single person earning up to $81,250 or a family of four earning up to $104,450 could take advantage of the loan.

The program’s benefits ease the financial barriers that mortgage lending data has shown to keep minority individuals earning low and moderate incomes from homeownership. They include:

  • The ability to finance 100% of the purchase price of a home located inside Marion County; housing types may include townhomes, condominiums, manufactured homes and up to four-family properties.
  • A minimum $500 buyer contribution toward closing costs, and any remaining funds needed at closing may be covered by other allowable sources, including down payment assistance or gifted funds.
  • A minimum 580 credit score when combined with proof of a satisfactory 12-month rental payment history. If a borrower’s score is higher than 680, proof of rental payment history will not be required.
  • No private mortgage insurance.

INHP’s Department of Housing and Urban Development-certified homebuyer education class and other financial education classes may also be required. Additionally, free post-purchase counseling is available to every INHP mortgage holder.

Community Lift is a clear demonstration of INHP’s commitment to advancing equitable affordable housing solutions that address the diverse needs, preferences and barriers of those we serve,” said Gina Miller, INHP president and CEO. “We look forward to opening more pathways to homeownership to an even greater number of families through this program and help to lift up and empower our minority neighbors to keep them moving toward their goal of owning a home.”

To access the Community Lift program, interested homebuyers may register with INHP or connect directly with an INHP staff member by visiting here



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