State Buyer Guide
Down payment assistance, Indiana housing programs, closing cost estimates, and what to know before buying — including from FSBO sellers.
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The Indiana Housing and Community Development Authority (IHCDA) is your primary source for below-market mortgage rates and down payment assistance in Indiana. Programs are available through approved lenders — not directly through the HFA.
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Compare Mortgage Rates →On a $230,000 home: approximately $4,830
Indiana has no dedicated real estate transfer tax — only recording fees, which keeps closing costs lower than neighboring states.
Indiana is a title-company state. An attorney is not required at closing, though for FSBO transactions it's worth having one review the purchase agreement.
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Find an Inspector →While Indiana doesn't require an attorney at closing, FSBO buyers should strongly consider having one review the purchase agreement and title work.
Nolo has been the go-to legal resource for DIY buyers since 1971. Their real estate guides explain purchase agreements, contingencies, and closing in language anyone can understand.
Browse Legal Guides →Get a real estate attorney to review your purchase agreement or help you draft an offer letter — often for a fraction of traditional legal fees.
Get Legal Help →Download state-specific purchase agreements, addenda, and disclosure forms — written by attorneys, ready to use in your state.
Browse Real Estate Forms →Indiana first-time buyers can access programs through the Indiana Housing and Community Development Authority (IHCDA) (https://www.in.gov/ihcda/), including the IHCDA First Place Program (6% of purchase price as a forgivable second mortgage — forgiven over 2 years) and the IHCDA Next Home Program (3.5% of purchase price as a forgivable second mortgage). Federal programs like FHA loans (3.5% down) and USDA loans (0% down in eligible areas) are also available.
Closing costs in Indiana typically run 2.1% of the purchase price. Transfer tax: None (recording fees only). Indiana has no dedicated real estate transfer tax — only recording fees, which keeps closing costs lower than neighboring states.
Indiana is a title-company state. An attorney is not required at closing, though for FSBO transactions it's worth having one review the purchase agreement.
The median home price in Indiana is approximately $230,000. Property taxes average 0.84% of assessed value annually.
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