Recently, our Local REALTOR Association hosted a 2 hour presentation by
The Indiana Housing and Community Development Authority
“It Makes Cents: State Programs to Make the Dream of Home-ownership a Reality.”
The seminar covered topics such as below market interest rate programs, down payment assistance to first time and move up buyers, first time buyer tax credits for Indiana Home Buyers.
There are Income Limits based on Household Size AND on the Indiana County you plan to buy in.
Here is the Chart that shows the maximum Home Price Per IN County and differing income limits depending on number of persons in the household(1 to 8)for 2011-2012 years.
Jasper County in Northwest Indiana extends these state programs to ANY buyer, the rest NW Indiana counties of Lake, Porter & La Porte, Newton only 1st time home buyers may qualify.
These 3 separate programs cannot be co-mingled and buyer must use a participating lender.
FIRST HOME -
offers low interest rates only
FIRST HOME / PLUS -
offers down payment assistance
Mortgage Credit Certificate -
offers % of annual Mortgage interest expense as a FEDERAL TAX CREDIT (not a deduction)
an online education program for Hoosier Home Buyers using any of the above programs is required to complete .
If we can be of service to you in the purchase of your 1st Northwest Indiana Home - give us a call!
Thanks for stopping by and reading our Blog about Life in NW Indiana, The Housing Market, Communities, Local Sports, Events, attractions & more.
Sincerely,
Jeff & Grace Safrin, Broker / Owners
F.C.Tucker 1st Team Real Estate
13 Lincolnway Suite # 203
Valparaiso, IN 46383
Office # 219-309-9930
serving Lake, Porter, La Porte, Jasper, Newton & Starke Counties in NW Indiana
Independently Owned & Operated
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