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.
