Indy Affordable Modification Program
The Indy Affordable Modification (IndyAMP) Program allows homeowners living in areas adversely affected by COVID-19 to refinance mortgage debt at a below-market interest rate for up to 30-years. IndyAMP allows owners to remain in their homes, become current with their mortgages, and lower their monthly payment.
A Product of the

PARTICIPANT EXPERIENCES
Features
- 3% Fixed Interest Rate for up to 30-Years
- Refinance Mortgage Debt from $20,000 to $200,000
- 10-, 20-, and 30-year options
- 90-Day Deferral of First Payment
- 600 Minimum Credit Score
- No Appraisal – Your home value must be at or below 95% of comparable home values based on a REALTORS® Property Resource Report
Borrower Benefits
- Annualize Income Based on Most Recent 30-Day Paystubs
- Flexible Terms (10-, 20-, and 30-year Terms Available)
- No Appraisal Required
- Closing cost which can be included in the new loan
- No Mortgage Insurance Required
Program Requirements
- Existing Marion County Homeowners (Mortgaged House must be Primary Residence)
- Existing Mortgage Debt between $20,000 and $200,000
- Must be at or below 120% AMI
- Negatively impacted by COVID-19 and/or home in one of the following zip codes: 46201, 46202, 46205, 46208, 46218, 46219, 46222, 46224, 46226, 46229, 46235, 46254, or 46260
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