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Indiana Homeowner Tax Credit

If you are planning on purchasing your first home in Indiana, the Indiana Housing and Community Development Authority may have an offer to help you afford more home. The Mortgage Credit Certificate program is fairly simple.

The amount of your credit is based on your mortgage amount. The credit is then multiplied by your mortgage interest to determine your credit.

Mortgage Amount	Tax Credit Rate
$50,000 or Less	35%
$50,001 - $70,000	30%
$70,001 - $90,000	25%
$90,000 and more	20%

RULES & REGULATIONS

Can't have owned home in last 3 years
Income limits based on household size ($60,800 for 1-2 people in St. Joe county)
Credit can't exceed actual tax liability and can't exceed $2,000
Reservation fee charged by IHCDA of .5% of loan amount (can be seller paid - conﬁrm)
ONLY APPROVED LENDERS CAN PROVIDE!

For more information, contact:

Lori Hiscock
Senior Loan Officer

Office: 574-234-5201
Fax: 574-234-8168
Mobile:574-707-0196

Ruoff Home Mortgage

1710 E. Edison Rd. 46617

Mishawaka, IN 46617

Buying Services for Home Buyers

Congratulations! You have decided to purchase a home, or are thinking about buying one. You'll be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family. When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours. Over time, your home will increase in value.

In the following reports, you'll find the information you need to make a wise buying decision. We'll take you through the planning process step-by-step , to help you determine which home is right for you. You'll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving.

Please contact me if you have any questions about buying a home in Michiana or elsewhere in Indiana.

Below, select desired reports and complete the form provided.

		Energy Tax Credit Information
		Buying Your First Home Many renters are starting to think about purchasing a home of their own. This article highlights several factors that should be considered when purchasing a home.
		The Right Home at the Right Price This article helps you become a savvy buyer, by pointing out some of the pitfalls inherent in the home-buying process.
		Avoid Common Buyer Errors Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. When you have a systematic plan before you shop, you’ll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase.
		But Do You Need It Buying a home can be an emotional, time-consuming, and complex process. There are a few things that you can do to help make the process go as smooth as possible.

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Indiana Homeowner Tax Credit

Buying Services for Home Buyers