Community Lift
COMMUNITY LIFT This unique loan is purposely built to increase homeownership opportunities for minority borrowers or borrowers who want to live in a majority minority census tract. LOAN DETAILS GENERAL LENDING GUIDELINES Borrowers must self-identify their ethnicity and/or race as a minority, or the property must be located in a majority minority census tract Home…
Read MoreHomebuyer Opportunity
HOMEBUYER OPPORTUNITY INHP’s standard home loan option offers low down payment and credit score requirements, creating an opportunity to reach your homeownership goal. LOAN DETAILS INHP’S GENERAL LENDING GUIDELINES 1 to 3 percent down payment No mortgage insurance Repair and rehab components allowed Minimum 580 credit score Roll in up to $3,000 in medical collections…
Read MoreRate Optimizer
RATE OPTIMIZER INHP can lower the interest rate on its standard 30-year-term mortgage loan so you can have a fixed, affordable and optimal monthly payment. PROGRAM DETAILS HOW DOES IT WORK? The interest rate reduction is based on an eligible buyer’s household income. The rate will not be lowered more than 3 percentage points, and…
Read MoreRefinance
REFINANCE YOUR HOME Your home is your area. Keep it affordable when you qualify for our Affordable-Rate-Exterior-Appraisal (AREA) refinance program. It offers eligible homeowners a below-market interest rate and a nontraditional appraisal process. PROGRAM DETAILS HIGHLIGHTS Competitive 10- to 30-year fixed-rate mortgage Does not require Private Mortgage Insurance (PMI) Does not require an independent home…
Read MoreRent-Focused Mortgage Lending
RENT-FOCUSED MORTGAGE LENDING If you currently have a good rental history, don’t let credit barriers keep you from pursuing homeownership. We know there are successful renters who are capable of being successful homeowners when given the right opportunity. PROGRAM DETAILS ADDRESSING THE CHALLENGES It’s common for renters to begin exploring homeownership only to be stopped…
Read MoreMortgage Accelerator
MORTGAGE ACCELERATOR This unique program allows buyers to pay their home off faster, build wealth quicker and pay less interest over time. LOAN DETAILS WHAT IS THE MORTGAGE ACCELERATOR? Traditional mortgages generally feature a fixed interest rate over a 30-year term. With INHP’s Mortgage Accelerator, you can pay off your home in as few as…
Read MoreMarket Expander
MARKET EXPANDER This innovative loan program allows buyers to responsibly expand their price range to compete in today’s hot housing market. LOAN DETAILS WHAT IS THE MARKET EXPANDER LOAN? By using this loan product, buyers with low and moderate incomes can responsibly expand their purchasing power and compete in today’s housing market to explore more…
Read MoreHealth Hospital Corporation
ANCHOR HOUSING Save time and money — and live close to work. As part of the Anchor Housing program, benefits-eligible part-time and full-time employees can access down payment assistance to buy a home or funds to pay for home repairs. PROGRAM BENEFITS GET HELP FINANCING YOUR HOME Buy a home anywhere in Marion County, and…
Read MoreWhat to Expect
WHAT TO EXPECT – HOME VALUE GUARANTY When you submit your contact information via the Get Started button below, an INHP representative will contact you and provide the resources you need to choose a qualifying property and begin the Home Value Guaranty process. CHOOSE A PROPERTY INHP can connect you to a real estate agent…
Read MoreRevive Indy
REVIVE INDY MORTGAGE Interested in a fixer upper? This fixed-rate mortgage includes construction dollars so you can make your own repairs or serve as the general contractor on your home. LOAN DETAILS GENERAL GUIDELINES 3 percent down payment No mortgage insurance Minimum 600 credit score Offers more flexibility than a HUD 203K Loan will be…
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