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Phone: (812) 349-3401
Fax: (812) 349-3582
Email: niedermd@bloomington.in.gov

Are you considering the purchase of a home and concerned that you may not have enough funds saved to qualify? HAND's Down Payment and Closing Cost Assistance program provides financial assistance of up to $5,000.00 to eligible first-time home buyers.

The assistance is in the form of a forgivable 2nd mortgage. As long as you remain the owner occupier of the assisted property the 2nd mortgage forgives at a rate of 20% per year. The 2nd mortgage completely forgives after 5 years.

You may be eligible if:

  • You have completed the Home Buyers Club class
  • You are a first-time home buyer
  • The property being purchased with HAND's assistance is located in the corporate city limits of Bloomington and is valued at or under $166,000.00 (for a single unit). 
  • You qualify for a first mortgage with a lender that will allow a HAND second mortgage
  • Your household income is at or below 80% of the area median income

2018 Income Guidelines

To be eligible, the household must be at or below 80% area median income. Use the chart below to see if you are currently eligible for our housing loans or programs. Income guidelines are subject to change.

Household Size Maximum Annual Household Gross Income
1 $38,950
2 $44,500
3 $50,050
4 $55,600
5 $60,050
6 $64,500
7 68,950
8 73,400