Your Path to Homeownership in the East 38th Street Corridor Starts Here 🏠

If you’ve been dreaming of homeownership but aren’t sure where to start, the East 38th Street Corridor could be your chance to buy and grow along with the area. Thanks to a $3.5 million revitalization effort funded by the City of Indianapolis’ Lift Indy Grant, this area is one of Indianapolis’ fastest-growing communities. And, with INHP’s exclusive Market Expander mortgage loan program for buyers with low and moderate incomes, you can access more home for your money. 

WHAT IS THE MARKET EXPANDER LOAN PROGRAM?

Market Expander combines two mortgages—a 20-year, below-market fixed rate mortgage and a second, no-interest mortgage with payments deferred until years 21-30.*

Here’s how it works to help you:

✅ Increase purchasing power: Market Expander’s unique financing helps borrowers pay significantly less toward interest so buyers can get more home for their money.
✅ Focused neighborhoods: Targeted for homes surrounding East 38th Street and the IndyGo Purple Line.
✅ INHP’s proven support: Let INHP’s team of homeownership advisors help you become a confident buyer using our one-on-one advising and financial education programs.

START YOUR JOURNEY TO HOMEOWNERSHIP TODAY

You’re closer to homeownership than you think. With the Market Expander mortgage loan program and the revitalization efforts in the East 38th Street Corridor, your path to affordable homeownership is within reach.

💡 Visit INHP.org/38th to learn more and get started with INHP today.

*Interest rate example: $200,000.00 purchase price, $160,000.00 loan amount [with 0% down payment], plus 0.5% ($840) discount point, 2.895% interest rate (3.313% APR), 580 credit score, $878.97 principal and interest payment for 240 months. Then, $40,000 second mortgage loan amount with 0% interest rate (0.250% APR) for 360 months (30 years with payments deferred until year 21) and $333.33 principal and interest payment for 120 months (starting year 21).