First Time Home Buyer Indiana Down Payment. Selecting your lender is the first step in the process; Minimum fico credit score of 640 with a dti of less than 45.00%
Federal home loan bank of chicago (fhlbc) down payment plus. The subject property is located in a qualified census tract. The program awards $5,000 to qualifying applicants.
Coupled with fha, conventional, va and usda loan programs, fhlbc is available to both first time and repeat buyers in illinois, indiana and wisconsin.
Federal programs give you access to flexible credit score requirements and, in some cases, 100% financing. You must have a minimum credit score of 660. This program is provided through the homeownership opportunity network (hon) and assists borrowers by providing home program funds in the form of forgivable loans for principal reduction, down payment, and closing costs when purchasing a home. Eligible borrowers may receive up to $10,000 in the form of a forgivable second mortgage to put toward down payments and/or.
