Hoosier homes

Welcome to the Hoosier Homes Program: Your Gateway to Affordable Homeownership

Making homeownership possible for families across Indiana with forgivable down payment assistance loans.

The Hoosier Homes Program, sponsored by the Fort Wayne Housing Authority, is designed to empower individuals and families to achieve their dream of homeownership. By providing down payment and closing cost assistance, this program bridges the financial gap for homebuyers across the state.

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Program Process

A Simple Path to Homeownership

01

Up to 3% of the First Mortgage loan amount for homes in non-targeted areas.

02

Up to 5% of the First Mortgage loan amount for homes in targeted areas.

03

Forgivable Loans: Assistance is provided as a forgivable second loan with a 7-year term.

04

Uses: Funds can cover down payments, closing costs, or interest rate buydowns in targeted areas.

Are You Eligible?

Find Out If You Qualify

Eligibility requirements for the Cook County Down Payment Assistance Program include:

  • No first-time homebuyer requirement.
  • Minimum credit score of 640.
  • Debt-to-Income (DTI) ratio up to 50% with automated underwriting system approval.
  • Borrowers must occupy the home as their primary residence within 60 days of closing.
  • Income limits vary by county and are based on the borrower’s qualifying income.
  • Borrowers earning ≤80% of Area Median Income (AMI) are eligible for lower loan rates.
  • Single-family residences, townhomes, condominiums, and PUDs.
  • Manufactured housing is ineligible.
  • Properties must be located in targeted or non-targeted counties as listed in program guidelines.
What We Offer

Discover What Club720 Can Do for You

1

Down Payment Assistance:

Unlock grants, loans, and resources to make buying a home possible.

2

Financial Coaching:

Receive one-on-one support to improve your credit, create budgets, and achieve pre-approval.

3

Powerful Tools:

Leverage our AI-driven calculators, financial dashboards, and virtual coaching for actionable insights.

4

Workshops and Education:

Learn the ins and outs of homeownership, credit building, and wealth creation through engaging workshops and courses.

Step-by-Step Guide

Follow Our Simple Process

Ready to Take Control of Your Financial Future?

“No Credit Card Required” “5,000+ satisfied Users:

Benefits

Benefits of Down Payment Assistance

Simplified Process: One platform for eligibility, education, and lender connections.

Trusted Partners: Access a network of approved lenders offering competitive terms.

Real-Time Insights: Stay updated on your loan progress every step of the way.

Personalized Support: Our virtual coaches and tools guide you from start to finish.

Helps build equity and wealth

FAQ

Helping First-Time Homebuyers

Got questions? Here are the answers to some common questions about Down Payment Assistance.

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Club 720 can connect you with approved lenders through our platform. 

Yes, DPA funds can be applied to closing costs, including real estate agent commissions.

You may need to repay the balance of the forgivable loan, minus the portion already forgiven.

No, the program is open to both first-time and repeat homebuyers.

Good question! After submitting your homebuyer eligibility form, you’ll be presented with the programs you are eligible for instantly! From there, you can select which program you’d like to move forward with so that we can connect you with a Club 720 lending partner who offers that program. Getting connected with a Club 720 lending parter can take up to two business days.

Good question! After submitting your homebuyer eligibility form, you’ll be presented with the programs you are eligible for instantly! From there, you can select which program you’d like to move forward with so that we can connect you with a Club 720 lending partner who offers that program. Getting connected with a Club 720 lending parter can take up to two business days.

Good question! After submitting your homebuyer eligibility form, you’ll be presented with the programs you are eligible for instantly! From there, you can select which program you’d like to move forward with so that we can connect you with a Club 720 lending partner who offers that program. Getting connected with a Club 720 lending parter can take up to two business days.

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