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Next Home (Indiana Housing) Loan

Help with down payments on 30-year mortgages for current and future Indiana homeowners.

For Indiana homeowners from your Indiana bank.

As a local bank since 1910, German American Bank has a long-standing commitment to help local homeowners like you achieve your goals. We created the Next Home Loan to offer down payment assistance (DPA) on 30-year conforming mortgage loans to both existing and prospective Indiana homeowners.1 

Fund your next home with the mortgage benefits you need and deserve.

Features & Benefits

  • 3.5% DPA on FHA loans (96.5% maximum loan-to-value ratio (LTV)
  • DPA forgiven in three years
  • No first-time homebuyer requirement2
  • No purchase price limits
  • Can be combined with the mortgage credit certificate (MCC) benefit up to $2,000 federal tax credit per year3
  • 640 minimum credit score with 45% maximum debt-to-income (DTI) ratio
  • 680 credit score or higher  with 50% maximum DTI ratio
  • Income limits apply
  • Free prequalification

Ready to Get Started?

Apply NowGet PrequalifiedRun the Numbers

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1Conforming loans are conventional mortgages that meet the criteria set by the Federal Housing Finance Agency (FHFA).

2A first-time homebuyer is someone who has not had ownership in their primary residence in the last 3 years.

3Can be combined with mortgage credit certificate (MCC) if home is located in a targeted area. Targeted area is defined by the Indiana Housing & Community Development Authority (IHCDA) as the following counties in Indiana: Daviess, Jackson, Jefferson, Knox, Lawrence, Perry, Pike and Spencer, plus certain census tracts within Clark, Floyd, Monroe and Vanderburgh counties. Please contact us for more specific information regarding the tracts included in the “targeted area” definition for Clark, Floyd, Monroe, and Vanderburgh counties.

Subject to credit and underwriting approval.

Available in the German American Bank markets in Indiana only.

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© 2025 German American Bank . All rights Reserved

Routing Number #:
083904563
Call Us
(812) 482-1314 or (800) 482-1314
Bankline 24
(800) 536-0660
Treasury Support
(800) 482-1314, ext 2500
Equal Housing Lender FDIC

FDIC-Insured - Backed by the full faith and credit of the U.S. Government

© 2025 German American Bank . All rights Reserved

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