Indiana Next Home Program Checklist

A step-by-step checklist for consumers applying for the Indiana Next Home Program in 2025.

Confirm Your Eligibility

Verify that your household income meets the program’s limits, which vary by county and family size.
Ensure your credit score meets the minimum requirement, typically 640 or higher. Additional requirements may be explained by your assigned Loan Officer.
Confirm that the property you plan to purchase is within the program’s price limits and will serve as your primary residence.
Determine if you meet additional eligibility requirements, such as the intention to purchase a new primary residence or not being limited to first-time homebuyers.

Collect proof of income, such as recent pay stubs, W-2 forms, or other income verification documents.
Gather your tax returns for the past two years, including all schedules and attachments.
Obtain recent bank statements covering the last two to three months for all financial accounts.
Prepare property details, including the address, purchase agreement, and sale price.
Compile additional documents requested by your Loan Officer, such as verification of debts, liabilities, or proof of assets.

Your assigned Loan Officer will guide you through the Indiana Next Home Program application process.
Schedule a meeting or phone call with your Loan Officer to confirm eligibility, discuss program benefits, and outline the steps necessary to complete your application.
Ask questions about the program’s features, including down payment assistance options and approval timelines.
Follow your Loan Officer’s instructions to gather and submit all required materials accurately and on time.

Collaborate with your Loan Officer to accurately complete your application for the Next Home Program.
Submit all required documents to verify your eligibility for the program and any down payment assistance.
Review your application with your Loan Officer to ensure it is complete and free of errors before submission.
If necessary, attend a homebuyer education course to fulfill program requirements.

Sign all necessary documents provided by your Loan Officer to secure your participation in the program.
Prepare for any additional costs not covered by the program benefits, such as closing fees or prepaid expenses.
Receive confirmation of your enrollment and detailed instructions on how the assistance will be applied to your down payment or home purchase.

Ensure the purchased property remains your primary residence for the duration specified by the program guidelines.
Notify your Loan Officer immediately if you plan to sell, refinance, or make changes to your mortgage, as these actions could impact your program benefits.
Stay updated on program requirements or changes to maintain compliance and retain your assistance benefits.