Known for his 2006 hit "Brand New Girlfriend," Holy told police the officers eventually pointed their guns at he and a friend and ordered them on the ground. The four men had gone to the house after meeting at a bar.
Anderson, 26, and Loughridge, 48, were both indicted on one count of aggravated assault with a deadly weapon. Anderson was also indicted on one count of kidnapping.
Although he declined to discuss specifics, Loughridge said he believed he would be exonerated. Anderson could not be reached for comment.
"I've had faith all along in the criminal justice system, and that faith continues," Loughridge said.
Anderson and Loughridge, who both joined the department in 2005, were fired in January.