Indiana Home Buying Guide
Midwest Region · Non-Judicial Foreclosure State
Key Facts at a Glance
What Makes Indiana Unique
No transfer tax
First Place program offers up to 6% DPA
Affordability among the best in the Midwest
First-Time Buyer Programs in Indiana
IHCDA First Place Program
Contact your state housing finance agency for current eligibility and rates
IHCDA Next Home Program
Contact your state housing finance agency for current eligibility and rates
Helping to Own (H2O)
Contact your state housing finance agency for current eligibility and rates
Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.
Closing Costs in Indiana
Attorney at Closing
Attorney Not Required
Indiana does not require an attorney at closing. A title company typically handles the transaction. Consider hiring one anyway for complex deals.
Local Tips for Indiana Buyers
First Place program DPA is a second mortgage at 0% interest.
Indiana is one of the most affordable Midwest markets.
Homestead exemption requires primary residence and annual application.
Estimated Annual Ownership Cost in Indiana
Based on the median home price of $240,000 with a 10% down payment and 7% mortgage rate.
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