Liberty FCU and IHCDA are partnering to help more Indiana families realize their dream of homeownership!

Down payment requirements can often be a hurdle for Indiana families. Fortunately, the Indiana Housing and Community Development Authority (IHCDA) offers fantastic down payment assistance programs to help with purchasing a home.

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DOWN PAYMENT ASSISTANCE (DPA) Products:

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FIRST STEP PURCHASE

5% non-forgivable DPA
Conventional or FHA 30 year fixed rate
Credit score and debt-to-income ratio requirements
First-time homebuyer, military status, or purchase of a HUD qualified census tract (QCT)

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Plus, receive up to a $500 GIFT CARD at closing!

Certain restrictions apply. Complete guidelines available at www.in.gov/ihcda/homebuyers/programs

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STEP DOWN PURCHASE

Subsidized 30 year fixed rate only program
Conventional or FHA
Credit score and debt-to-income ratio requirements
First-time homebuyer, military status, or purchase of a HUD qualified census tract (QCT)

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NEXT HOME PURCHASE

2.5 - 3.5% non-forgivable DPA
Conventional or FHA 30 year fixed rate
Credit score and debt-to-income ratio requirements

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NEXT STEP REFINANCE

One time refinance opportunity for IHCDA First Step Existing mortgages
Conventional or FHA 30 year fixed rate
Credit score and debt-to-income ratio requirements
Non-forgivable

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Take the first step toward your new home. Apply today!

Apply Online

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Make an appointment

©2004 - 2024 Liberty Federal Credit Union. All rights reserved. Liberty FCU mortgage lending product availability may vary based on property location. Loans are subject to credit review and approval. We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.

Loans are subject to credit review and approval. Loan amounts of $726,200 – $2,500,000.

©2004 - 2025 Liberty Federal Credit Union. All rights reserved. Liberty FCU mortgage lending product availability may vary based on property location. Loans are subject to credit review and approval. We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act. Rates accurate as of 10/30/25 and are subject to change daily. Conventional conforming financing mortgage rates include Loan Rate Discount. Discount and promotional offers are available on conventional conforming financing of purchases for primary residences only. Certain product restrictions apply. Property restrictions apply. Closing costs may apply. *A sample principal and interest payment on a (30)-year $145,500 fixed rate loan amount with a 6% interest rate (6.678% APR) is $872 including taxes, insurance, and PMI. This sample is based on a credit score of 760 and a LTV of 95% (5% down payment) and includes our loan rate discount. Actual interest rate may vary based on credit history, loan purpose, loan to value, etc. Visit LibertyFCU.org/mortgagecalculator to calculate payments with other terms, balances, or rates. Gift card offer is available on financing of purchase or construction loans for primary residences only. Purchase or construction loan amounts up to $149,999 will receive a $250 gift card. Purchase or construction loan amounts of $150,000 or greater will receive a $500 Gift Card. Not valid in combination with any other offer. Product offerings may vary by state or region. Property restrictions apply. Federally Insured by NCUA, Equal Housing Lender NMLS #518136