What Programs Are Available to First Time Indiana Home Buyers in March 2026?

Last updated: Thursday, March 12, 2026

First time homebuyers in Indiana have several options available to them. Government-backed loans can allow you to get a home with a low down payment or poor credit. The government insures government-backed loans, meaning they pose less of a risk to a lender. Are you a pre-K – 12 teacher, emergency medical technician, firefighter or law enforcement officer? You can take advantage of the Good Neighbor Next Door program sponsored by the Department of Housing and Urban Development (HUD). Lastly, you may even qualify for a no money down mortgage loan in Indiana as a first-time buyer.

NO MONEY DOWN MORTGAGE LOAN IN INDIANA

NO MONEY DOWN MORTGAGE LOAN IN INDIANA

The dream of homeownership often comes face-to-face with the hurdle of a hefty down payment. But wait, what if we told you buying a house without putting a dime down isn’t just a fantasy? While truly “zero-down” mortgages may seem rare these days, First Option Mortgage of Indianapolis offers several programs to get you into your next home without putting any money down.

Apply Now

UNLOCK YOUR DOOR.

NOT YOUR WALLET.

NOT YOUR WALLET.

  • Exclusive First Option Program
  • No Third-Party Companies or Hassles
  • No Cash Down to Buy a Home
  • No First-Time Buyer Requirement
Zero Down

Zero Down.
Zero Stress.

Ready to buy but struggling to come up with a down payment? No worries – our HomeStart* program is your pathway to homeownership in Indiana, with 100% financing from First Option Mortgage!

Apply Now
homestart
homestart

Say hello to your first option lender.

Name(Required)
Rate Quote
Mortgage Company Indianapolis

Experience the First Option Mortgage Difference

Name(Required)
Rate Quote
Excellent
First Option Mortgage Indianapolis
Based on 538 reviews
See all reviews
review us on
Patrice S.
Clark at First Option is an excellent experience. He's very responsive, knowledgeable and always solution-focused. He made the transaction seamless for both the client and the agent. I'd gladly partner with him again for any future deals!
Mike M.
They’re incredible. Start to finish. I could write a novel about how seamless the whole team made our home buying experience.

They communicate everything. If you have questions, call or text and it’s answered with a plan of action for the next step.

I recommend to anyone.

As a first time home buyer, I had so much to learn and they walked me through everything so thoroughly. When it was time for pen to paper, I felt like I had been there before.
Brian B.
Clark and his team made my loan process so easy, while putting my best interests as their number one priority. Clark Sigmund was top notch in communication and ensured that any questions we had were answered, as well as provided in depth information into the entire process. I will definitely be doing business with Clark and his team at First Option in the future, and I will be referring them to my family and friends.
Kj W.
Clark was amazing! Took the time to get to know us and was available at anytime! Can’t thank him enough for helping me get my first home!
Kisha H.
My lender, Clark Sigmund II, with First Option Mortgage was a true Godsend! He was proficient, professional, and caring. He went above and beyond to administer top tier service for my client.
Joe E.
Dustan and his team at First Option Mortgage have helped me with a couple of purchases. I would highly reccomend. They are great, highly responsive and make things go really smooth. If you are purchasing a home without a realitor involved. These are the people you want helping you!
ammon H.
These guys are fantastic. Clark Sigmund is the guy to use. He helped us get are first home and we closed in under 30 thirty days. Smooth and worry free.
Katie B.
We worked with Clark as our mortgage officer, and he was absolutely amazing from start to finish. No matter the time or the question, Clark was always willing to pick up the phone and help. He constantly reassured us throughout the process and truly went above and beyond to make sure everything stayed on track. When it came time for underwriting, Clark fought for us every step of the way and helped us gather any documentation we needed quickly and efficiently.

On top of all that, Clark was so fun (and funny!) to work with, he made what could have been a stressful process actually enjoyable. We couldn’t have asked for a more dedicated, supportive, and genuinely great person to have on our side!
Excellent
First Option Mortgage Indianapolis
Based on 538 reviews
See all reviews
review us on
Patrice S.
Clark at First Option is an excellent experience. He's very responsive, knowledgeable and always solution-focused. He made the transaction seamless for both the client and the agent. I'd gladly partner with him again for any future deals!
Mike M.
They’re incredible. Start to finish. I could write a novel about how seamless the whole team made our home buying experience.

They communicate everything. If you have questions, call or text and it’s answered with a plan of action for the next step.

I recommend to anyone.

As a first time home buyer, I had so much to learn and they walked me through everything so thoroughly. When it was time for pen to paper, I felt like I had been there before.
Brian B.
Clark and his team made my loan process so easy, while putting my best interests as their number one priority. Clark Sigmund was top notch in communication and ensured that any questions we had were answered, as well as provided in depth information into the entire process. I will definitely be doing business with Clark and his team at First Option in the future, and I will be referring them to my family and friends.
Kj W.
Clark was amazing! Took the time to get to know us and was available at anytime! Can’t thank him enough for helping me get my first home!
Kisha H.
My lender, Clark Sigmund II, with First Option Mortgage was a true Godsend! He was proficient, professional, and caring. He went above and beyond to administer top tier service for my client.
Joe E.
Dustan and his team at First Option Mortgage have helped me with a couple of purchases. I would highly reccomend. They are great, highly responsive and make things go really smooth. If you are purchasing a home without a realitor involved. These are the people you want helping you!