IHCDA/IFPN

Indiana Housing and Community Development Authority Program - 'Next Home'

Among the programs IHCDA has to offer is the new 'Next Home' product. Details of this have been completed and will be posted soon on this site.

Market Stabilization Program (MSP)

As part of the Housing and Economic Recovery Act of 2008, over $151M was allocated to Indiana as part of the national Market Stabilization Program. Of this, over $33M is available for the purchase and renovation of foreclosed and abandoned homes, up to $15,000/house! For more information on this program click on the link below:

IN.gov Market Stabilization

Additionally, to determine if a property that is listed for sale is eligible to be purchased under this program, click on the link below and then input the address of the property. This will provide you with the answer:

Indiana Housing Now.org Program GISLookup

IMBA supports the MSP and encourages you to contact one of our lender members to learn more and to see if you can qualify for this great program

Indiana Pre-Suit and Settlement Conferences

The final version of the Indiana Pre-Suit and Settlement Conference Notices required to be prescribed by the Authority, along with instructions for their use, were posted in June. The Notices and Instructions are located at:

IN.gov Public Notices

Indiana Foreclosure Prevention Network Resources

Indiana Mortgage Foreclosure Rate

This study was issued by the Indiana Mortgage Bankers Association on January 9, 2003.

Click here to open the document.

IMBA Scholarship Fund

The Indiana Mortgage Bankers Association has created an educational scholarship fund, the Indiana Mortgage Bankers Association Scholarship Fund (IMBASF). This fund will assist Indiana residents who have an interest in the mortgage banking industry and wish to obtain a degree in real estate finance from a college within the state. This vision goes beyond our membership. This is a way to help direct young people to our industry. The basis of the scholarship award will not be totally on academic performance but also on involvement within the community and the State of Indiana.