Hoosier Homes Guide
How Much Money Do I Need to Bring to Closing?
Hoosier Homes requires $0 borrower contribution toward the down payment — the program is built to shrink cash-to-close, not force a minimum check from your savings.
$0 Required Toward the Down Payment
Unlike some loan products that demand a minimum personal contribution, Hoosier Homes does not require you to bring your own funds toward the down payment. The 4% or 5% second loan is the assistance layer that covers that gap.
That does not mean every file closes with a blank cashier’s check. Prepaid items, escrows, title fees, and first-mortgage costs can still leave a cash-to-close figure after assistance is applied. The point of the program is to minimize — and often eliminate — that figure for buyers who qualify.
Ryan and Steve run a full cash-to-close estimate with Hoosier Homes stacked before you shop, so you know whether you need zero, a few hundred, or a shortfall plan (seller credit, gift, or another DPA path).
At a Glance
What Still Affects Cash to Close
Assistance removes the mandatory down-payment check — these items still drive the final number.
How We Estimate Your Number
| Step | What we do |
|---|---|
| 1. Screen eligibility | County, credit, income, loan type, and property |
| 2. Size assistance | 4% standard or 5% Plus based on address |
| 3. Stack costs | Down payment, fees, prepaids, and credits |
| 4. Deliver cash-to-close | Clear estimate before you write an offer |
Keep Exploring
Related cash, assistance, and pairing guides.
Can I Get Cash Back at Closing?
No cash back from assistance — refunds only for excess personal funds.
How Much Assistance Can I Get?
4% vs 5% examples by first mortgage amount.
Grant or Loan?
Second-lien structure with monthly forgiveness.
What Loan Types Work?
FHA, VA, USDA, and HFA conventional pairings.
Sell or Refinance Within 7 Years
What happens if you exit early.
Hoosier Homes Overview
Full eligibility, counties, and cash rules.
Down Payment Assistance
Compare Hoosier Homes with other DPA programs.
Want Your Exact Cash-to-Close Number?
Ryan & Steve will stack Hoosier Homes on your first mortgage and show what — if anything — you need to bring to closing.
Program guidelines, income limits, and Targeted Area maps change. This page is educational — final eligibility is confirmed when your file is underwritten against current Hoosier Homes rules. This website is not directly affiliated with or endorsed by any government agency.