New down payment assistance program available to Kosciusko County home buyers
Hoosier Homes, a down payment assistance program, is now available to qualifying repeat and first-time home buyers seeking to purchase a home in Kosciusko County.
Kosciusko County is partnering with the Housing Resource Hub (The Hub) and the Club 720 mobile app to help deliver this program to home buyers. Kosciusko County Community Foundation funded $25,000 toward the development of Club 720 as part of its Working Together initiative to reduce barriers to employment in the county.
Hoosier Homes is a self-funded down payment assistance tool that helps low and moderate-income individuals and families buy a home in approved areas of Indiana. The Program serves borrowers making up to $103,040 a year and offers 3%, 4%, and 5% in down payment assistance with an additional 1% to specific borrowers by occupation and income.
“We recognize that access to housing is a critical tool in attracting and retaining a qualified workforce to Kosciusko County,” said Community Foundation CEO Stephanie Overbey. “By using the Club 720 app, Kosciusko residents can sign up for the Hoosier Homes program.”
“So many people today feel homeownership isn’t possible. The Hub is pleased to give Kosciusko County residents the support they need to become homeowners. Homeownership is, in fact, possible,” said Ryan Chasey, Co-founder and COO of the Housing Resource Hub.
Individuals seeking to purchase a home in Kosciusko County can check their eligibility and connect with loan originators authorized to offer Hoosier Homes by downloading the free Club 720 mobile app.