Mission

Working with IMBA members across the state in each of our chapters, along with community service groups and other interested parties throughout Indiana to positively impact homeownership opportunities for the communities and families our members serve. The committee will serve as both a liaison between our members and interested stakeholders in supplying information on programs, events, and resources that are focused on supporting sustainable, affordable housing for Hoosiers. Additionally, the foundational work upon which this committee will focus includes, but is not limited to: Communications, Counseling, Education, and Advocacy.

Consumer Information

Budgeting

• In preparation for buying a house, it is a good idea to have a budget in place.   That will help you to be able to determine what payment you are comfortable with.
• EssentIQ is a resource that is available to help you with this process
• NerdWallet also has a Free Budget Planner Worksheet

Savings Plan

• One of the best practices is to plan and prepare to have savings on hand for your home purchase. 
• There are programs and organizations that will help with down payment assistance.  

Credit 

Down-Payment Assistance Programs

State Programs - 

Federal Home Loan Bank of Indianapolis Home Ownership Program (HOP)

Grants for low to moderate income home buyers

Indiana Housing & Community Development Authority (IHCDA)

Grants for low to moderate income home buyers

Grants up to 6% of the purchase price of the home

Regional Programs

Bloomington - Housing and Neighborhood Development (HAND)

Evansville - Community Action Program of Evansville (CAPE)

Evansville - Hope of Evansville

Homebuyer Educational Tools

Fannie Mae

Freddie Mac

Essent

MGIC 

Enact

Importance of Home Ownership

• Develop a network of non-members to partner with and show the importance of homeownership
• Create a social media campaign that can run throughout the year with a target audience of consumers and lenders

Fannie Mae HomeView

Freddie Mac Credit Smart

FDIC Money Smart

Consumer Financial Protection Bureau