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Indianapolis Neighborhood Housing Partnership

Pay off your home faster with INHP’s unique Mortgage Accelerator program

Would you like to pay your home off faster and pay less interest over time? 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 20 years if you qualify and purchase your home using an INHP home loan.

Check out this example of a home with a purchase price of $100,000 and see how the mortgage accelerator could help you save money and pay off your home faster. Or, click here for an example of a home with a purchase price of $150,000.

Learn more about INHP’s home loan programs. If you’re ready to talk with a loan officer to see if you qualify for the mortgage accelerator, contact an INHP loan originator.

*Estimated loan terms are based on a $100,000.00 Purchase Price, $97,000.00 Loan Amount (or 3% down), 3.994% interest rate (4.246% APR), 620 credit score, $462.76 monthly principal and interest payment for 360 months.
**Estimated loan terms are based on a $100,000.00 Purchase Price, $97,000.00 Loan Amount(or 3% down), plus .5% ($485.00) discount point, 1.644% interest rate (1.943% APR), 620 credit score, $474.52 monthly principal and interest payment for 240 months.
Income and eligibility restrictions apply. Rates and availability subject to change without notice. See your INHP mortgage loan originator for more details.

INHP offices closed in
observance of Thanksgiving

All INHP office locations will be closed starting at 2 p.m., Wednesday, Nov. 25, through Friday, Nov. 26. We will resume normal hours of operation at 8:30 a.m., Monday, Nov. 29, 2021.

 

All online services are still available, including:

  • Completing a registration form for INHP home purchase/repair programs
  • Enrolling in a virtual/in-person education class
  • Completing an online education course

INHP will respond to any inquiries or form submissions made via our website or email system in the order they were received after we reopen. 

 

 

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