This is a zero percent interest, due on sale or non-occupancy, deferred loan program available for borrowers with total household income of less than 80% of area median income. Requirements for this program include:

• Assistance to borrowers can range from a minimum of $1,000 to a maximum of 3.5% of the purchase price, not to exceed $8,000.
• Assistance level is based on borrower's need and household area median income (AMI). Click here to view HOME DPCC, IHFA down payment assistance income limits for 80% of AMI.
• No interest, no payment loan, which becomes due upon sale of the property or if the home is not occupied by the homeowner.
• Must be a first-time homebuyer with exceptions for displaced homemakers or single parents with custody of children.
• Borrower minimum investment of $500 with no cash out at closing.
• Property must have been previously vacant or owner-occupied.
• Voluntary Sales Disclosure must be signed by the seller on or before the date they sign the Purchase Agreement.
• Finally Home!® Homebuyer Education program completion prior to applying for the assistance.
• For further details on requirements, refer to the 2011 HOME Administrative Plan.
• For more information about this program please call1-877-447-2687 or email homedpcc@ihfa.org.