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2019 FHA Loan Limits in Indiana

In Indiana, FHA loan limits for a single-family home range from $314,827 to $368,000, depending on the county.

If you plan to buy a home in Indiana, get ready to act as soon as you spot your dream house. The housing market in the Hoosier State is super competitive, and homes get snapped up quickly.

High demand and low supply of existing houses in the Indiana market helped drive up home prices by 8 percent in 2018, and demand is expected to stay strong in 2019 despite higher price tags. The median home price in Indiana in 2018 was $158,500, according to the Indiana Association of Realtors. Some Indiana buyers are getting into bidding wars and offering thousands of dollars above asking price to snag a home.

Many of the most competitive areas sit in northern Indiana, including the northwest corner of the state, which is a popular home base for professionals who commute to Chicago offices. In fact, the city of Highland made the Realtor.com list of 50 hottest homebuying zip codes in the United States in 2018. But proximity to Chicago isn’t necessary to make an Indiana area appealing to homebuyers. In fact, Fort Wayne, about three and a half hours from the Windy City by car, also made the Realtor.com list.

In 2018, 2.83 percent of the total FHA mortgages in the U.S. came from Indiana. In 2016, the most recent year for which this data is available, 32,201 FHA mortgages were issued in Indiana, for a total value of $4.2 billion.

Indiana just missed making the list of top 10 states for FHA mortgages.

Indiana FHA loan limits by county

FHA Loan Limits in Indiana
County Single-Family Limit Two-Family Limit Three-Family Limit Four-Family Limit Median Sale Price
Adams $314,827 $403,125 $487,250 $605,525 $120,000
Allen $314,827 $403,125 $487,250 $605,525 $157,000
Bartholomew $314,827 $403,125 $487,250 $605,525 $182,000
Benton $314,827 $403,125 $487,250 $605,525 $169,000
Blackford $314,827 $403,125 $487,250 $605,525 $88,000
Boone $343,850 $440,200 $532,100 $661,250 $299,000
Brown $343,850 $440,200 $532,100 $661,250 $299,000
Carroll $314,827 $403,125 $487,250 $605,525 $169,000
Cass $314,827 $403,125 $487,250 $605,525 $95,000
Clark $316,250 $404,850 $489,350 $608,150 $275,000
Clay $314,827 $403,125 $487,250 $605,525 $109,000
Clinton $314,827 $403,125 $487,250 $605,525 $109,000
Crawford $314,827 $403,125 $487,250 $605,525 $105,000
Daviess $314,827 $403,125 $487,250 $605,525 $80,000
Dearborn $314,827 $403,125 $487,250 $605,525 $229,000
Decatur $314,827 $403,125 $487,250 $605,525 $139,000
Dekalb $314,827 $403,125 $487,250 $605,525 $135,000
Delaware $314,827 $403,125 $487,250 $605,525 $108,000
Dubois $314,827 $403,125 $487,250 $605,525 $158,000
Elkhart $314,827 $403,125 $487,250 $605,525 $159,000
Fayette $314,827 $403,125 $487,250 $605,525 $89,000
Floyd $316,250 $404,850 $489,350 $608,150 $275,000
Fountain $314,827 $403,125 $487,250 $605,525 $103,000
Franklin $314,827 $403,125 $487,250 $605,525 $158,000
Fulton $314,827 $403,125 $487,250 $605,525 $119,000
Gibson $314,827 $403,125 $487,250 $605,525 $118,000
Grant $314,827 $403,125 $487,250 $605,525 $99,000
Greene $314,827 $403,125 $487,250 $605,525 $100,000
Hamilton $343,850 $440,200 $532,100 $661,250 $299,000
Hancock $343,850 $440,200 $532,100 $661,250 $299,000
Harrison $316,250 $404,850 $489,350 $608,150 $275,000
Hendricks $343,850 $440,200 $532,100 $661,250 $299,000
Henry $314,827 $403,125 $487,250 $605,525 $108,000
Howard $314,827 $403,125 $487,250 $605,525 $124,000
Huntington $314,827 $403,125 $487,250 $605,525 $126,000
Jackson $314,827 $403,125 $487,250 $605,525 $132,000
Jasper $368,000 $471,100 $569,450 $707,700 $320,000
Jay $314,827 $403,125 $487,250 $605,525 $93,000
Jefferson $314,827 $403,125 $487,250 $605,525 $125,000
Jennings $314,827 $403,125 $487,250 $605,525 $118,000
Johnson $343,850 $440,200 $532,100 $661,250 $299,000
Knox $314,827 $403,125 $487,250 $605,525 $96,000
Kosciusko $314,827 $403,125 $487,250 $605,525 $170,000
Lagrange $314,827 $403,125 $487,250 $605,525 $169,000
Lake $368,000 $471,100 $569,450 $707,700 $320,000
Laporte $314,827 $403,125 $487,250 $605,525 $145,000
Lawrence $314,827 $403,125 $487,250 $605,525 $115,000
Madison $343,850 $440,200 $532,100 $661,250 $299,000
Marion $343,850 $440,200 $532,100 $661,250 $299,000
Marshall $314,827 $403,125 $487,250 $605,525 $148,000
Martin $314,827 $403,125 $487,250 $605,525 $106,000
Miami $314,827 $403,125 $487,250 $605,525 $91,000
Monroe $314,827 $403,125 $487,250 $605,525 $211,000
Montgomery $314,827 $403,125 $487,250 $605,525 $129,000
Morgan $343,850 $440,200 $532,100 $661,250 $299,000
Newton $368,000 $471,100 $569,450 $707,700 $320,000
Noble $314,827 $403,125 $487,250 $605,525 $139,000
Ohio $314,827 $403,125 $487,250 $605,525 $229,000
Orange $314,827 $403,125 $487,250 $605,525 $98,000
Owen $314,827 $403,125 $487,250 $605,525 $211,000
Parke $314,827 $403,125 $487,250 $605,525 $104,000
Perry $314,827 $403,125 $487,250 $605,525 $99,000
Pike $314,827 $403,125 $487,250 $605,525 $158,000
Porter $368,000 $471,100 $569,450 $707,700 $320,000
Posey $314,827 $403,125 $487,250 $605,525 $182,000
Pulaski $314,827 $403,125 $487,250 $605,525 $100,000
Putnam $343,850 $440,200 $532,100 $661,250 $299,000
Randolph $314,827 $403,125 $487,250 $605,525 $83,000
Ripley $314,827 $403,125 $487,250 $605,525 $142,000
Rush $314,827 $403,125 $487,250 $605,525 $113,000
Scott $316,250 $404,850 $489,350 $608,150 $275,000
Shelby $343,850 $440,200 $532,100 $661,250 $299,000
Spencer $314,827 $403,125 $487,250 $605,525 $133,000
St. Joseph $314,827 $403,125 $487,250 $605,525 $149,000
Starke $314,827 $403,125 $487,250 $605,525 $118,000
Steuben $314,827 $403,125 $487,250 $605,525 $158,000
Sullivan $314,827 $403,125 $487,250 $605,525 $109,000
Switzerland $314,827 $403,125 $487,250 $605,525 $126,000
Tippecanoe $314,827 $403,125 $487,250 $605,525 $169,000
Tipton $314,827 $403,125 $487,250 $605,525 $115,000
Union $314,827 $403,125 $487,250 $605,525 $229,000
Vanderburgh $314,827 $403,125 $487,250 $605,525 $182,000
Vermillion $314,827 $403,125 $487,250 $605,525 $109,000
Vigo $314,827 $403,125 $487,250 $605,525 $109,000
Wabash $314,827 $403,125 $487,250 $605,525 $106,000
Warren $314,827 $403,125 $487,250 $605,525 $123,000
Warrick $314,827 $403,125 $487,250 $605,525 $182,000
Washington $316,250 $404,850 $489,350 $608,150 $275,000
Wayne $314,827 $403,125 $487,250 $605,525 $102,000
Wells $314,827 $403,125 $487,250 $605,525 $157,000
White $314,827 $403,125 $487,250 $605,525 $134,000
Whitley $314,827 $403,125 $487,250 $605,525 $157,000

How are FHA loan limits determined?

The FHA places limits on the sizes of mortgages it insures. The minimum loan limit is referred to as a floor, while the maximum loan limit is known as a ceiling and represents the largest loan the FHA is willing to insure in high-cost areas.

The baseline conforming loan limit, which dictates how large of a loan Fannie Mae and Freddie Mac will purchase, determines FHA loan limits. In 2019, $484,350 is where the national conforming loan limit begins. This is up from $453,100 in 2018.

$314,827 is the 2019 FHA floor, and it represents 65 percent of the conforming limit. The floor is up from $294,515 in 2018.

The FHA ceiling is 115 percent of the median house price in a certain county or metropolitan statistical area. If the median house price is greater than the $484,350 baseline, the ceiling for a single-unit home is $726,525, or 150 percent of the baseline. This is up from $679,650 in 2018.

Here are the 2019 standard FHA limits for all property types:

  • One-unit: $314,827
  • Two-unit: $403,125
  • Three-unit: $487,250
  • Four-unit: $605,525

Here are the 2019 standard FHA limits for high-cost areas:

  • One-unit: $726,525
  • Two-unit: $930,300
  • Three-unit: $1,124,475
  • Four-unit: $1,397,400

Do you qualify for an FHA loan in Indiana?

The FHA loan program allows some buyers to get a home with less-than-perfect credit and a lower down payment than is typically required for a conventional mortgage. In order to qualify for an FHA loan with a low 3.5 percent down payment, you need a credit score of 580 or higher. You can get an FHA loan with a score as low as 500, but in that case you’ll need to put 10 percent down. If you’d like to explore the possibility of getting an FHA loan, check out our main FHA information page for a rundown of credit score, income and other requirements.

 

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