Indiana FHA Loan Rates, Closing Costs & Stats

Indiana

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

Indiana FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Indiana averaged 6.27% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

Indiana's average FHA mortgage closing costs are $6,579.

The average rate for the prior week (2025-03-28) was 6.37% and one month ago for the week of 2025-02-28, the average rate was 6.65%.

The average rate one year ago was 6.87%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.24%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Indiana FHA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Indiana level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 2,074 6.42% $9,607
RUOFF MORTGAGE COMPANY, INC. 1,452 6.83% $6,075
UNITED WHOLESALE MORTGAGE, LLC 1,061 6.18% $11,428
FREEDOM MORTGAGE CORPORATION 1,022 6.45% $10,126
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 888 6.79% $7,825
GVC MORTGAGE, INC. 726 6.79% $9,401
DHI MORTGAGE COMPANY, LTD. 553 4.96% $8,211
NEWREZ LLC 496 6.49% $8,406
VANDERBILT MORTGAGE AND FINANCE, INC. 480 5.67% $12,625
PENNYMAC LOAN SERVICES, LLC 415 6.12% $8,456
CROSSCOUNTRY MORTGAGE, LLC 380 6.44% $9,904
EAGLE HOME MORTGAGE, LLC 371 5.05% $10,111
LOANDEPOT.COM, LLC 366 6.44% $10,010
HALLMARK HOME MORTGAGE, LLC 350 6.81% $9,070
BROKER SOLUTIONS, INC. 318 6.89% $10,404
GUILD MORTGAGE COMPANY 256 6.74% $9,286
Carrington Mortgage Services, LLC 250 6.32% $10,637
GUARANTEED RATE, INC. 249 6.27% $9,646
CARDINAL FINANCIAL 244 7.07% $9,329
MORTGAGE MASTERS OF INDIANA, INC. 242 6.65% $7,117
UNION HOME MORTGAGE CORP. 227 6.83% $9,074
MJW Financial LLC 218 6.54% $8,891
Equity Prime Mortgage LLC 212 6.93% $9,040
Mr. Cooper ( Nationstar Mortgage ) 192 6.59% $11,780
Fifth Third Bank 190 6.46% $6,623
STOCKTON MORTGAGE CORPORATION 185 6.77% $8,460
M/I FINANCIAL, LLC 179 5.05% $16,080
NVR Mortgage Finance, Inc. 172 6.28% $12,261
LOANPAL, LLC 169 5.76% $10,523
FIRST COMMUNITY MORTGAGE, INC. 168 6.80% $9,816
AMERICAN FINANCIAL NETWORK, INC. 160 6.70% $10,826
MOVEMENT MORTGAGE, LLC 160 6.94% $8,796
CALCON MUTUAL MORTGAGE LLC 158 6.68% $8,814
CMG MORTGAGE, INC. 143 7.01% $9,970
DIRECT MORTGAGE LOANS, LLC 142 6.63% $12,339
GENEVA FINANCIAL, LLC 133 7.06% $8,488
AmeriHome Mortgage Company, LLC 132 6.49% $7,326
Flagstar Bank, FSB 130 6.49% $7,625
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 129 6.97% $10,320
LAKEVIEW LOAN SERVICING, LLC 128 6.45% $8,728
Ixonia Bank 123 6.83% $10,788
Wolfe Financial, Inc 123 6.99% $7,676
PLAZA HOME MORTGAGE, INC. 122 6.91% $7,407
The Huntington National Bank 120 6.53% $6,654
AMERISAVE MORTGAGE CORPORATION 119 6.19% $12,796
MUTUAL OF OMAHA MORTGAGE, INC. 118 6.50% $12,110
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 113 6.54% $10,599
The Federal Savings Bank 109 6.49% $13,100
EVANSVILLE TEACHERS 105 6.44% $6,074
Prosperity Home Mortgage, LLC 104 6.17% $11,025
Mortgage Research Center, LLC 96 6.77% $4,928
TEACHERS CREDIT UNION 93 6.17% $6,760
First Merchants Bank 86 6.64% $6,867
HOMESIDE FINANCIAL, LLC 84 6.46% $10,067
PULTE MORTGAGE LLC 84 4.90% $9,021
JPMorgan Chase Bank 82 6.62% $6,279
AMERICAN PACIFIC MORTGAGE CORPORATION 82 6.84% $10,518
ENDEAVOR CAPITAL, LLC. 81 6.34% $8,926
MILESTONE HOME LENDING, LLC 80 6.73% $9,642
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 80 6.51% $9,777
First Option Mortgage, LLC 77 6.69% $10,415
American Mortgage & Equity Consultants, Inc. 76 6.91% $9,598
MICHIGAN MUTUAL, INC. 74 6.56% $10,004
POLARIS HOME FUNDING CORP. 72 6.68% $9,512
INTERLINC MORTGAGE SERVICES, LLC 72 6.91% $5,961
PLANET HOME LENDING, LLC 70 6.19% $6,289
Union Savings Bank 70 6.36% $6,784
ARK-LA-TEX FINANCIAL SERVICES, LLC. 69 6.40% $8,185
ZILLOW HOME LOANS, LLC 69 6.44% $9,256
AMERICAN FINANCING CORPORATION 68 5.78% $11,402
INSPIRE HOME LOANS INC. 68 5.44% $9,066
VILLAGE CAPITAL MORTGAGE 66 6.41% $6,012
ROYAL UNITED MORTGAGE LLC 65 6.63% $9,861
University Bank 64 6.13% $9,604
PRIMELENDING, A PLAINSCAPITAL COMPANY 63 6.84% $9,064
Paramount Residential Mortgage Group, Inc. 61 6.78% $10,232
LEADERONE FINANCIAL CORPORATION 58 6.74% $9,170
Regions Bank 56 6.40% $6,961
Notre Dame Federal Credit Union Corporation 55 6.62% $6,757
Nations Lending Corporation 54 6.75% $10,266
HOWARD HANNA FINANCIAL SERVICES, INC. 54 6.57% $8,353
Magnolia Bank 52 6.27% $9,002
Plains Commerce Bank 51 6.84% $8,160
PNC Bank 49 6.71% $6,622
FBC MORTGAGE, LLC 49 5.06% $9,186
Century Mortgage Company DBA Century Lending Company 49 6.56% $8,709
VAN DYK MORTGAGE CORPORATION 48 6.93% $5,778
Northpointe Bank 47 6.55% $8,926
German American Bank 47 6.47% $6,637
FAIR WAY LENDING LLC 47 6.74% $8,338
EVERETT FINANCIAL, INC. 46 7.02% $8,492
SUN WEST MORTGAGE COMPANY, INC. 46 6.50% $10,887
NATIONS RELIABLE LENDING, LLC 45 6.40% $10,060
RELIANCE FIRST CAPITAL, LLC 44 6.73% $10,975
EUSTIS AND AMERICAN MORTGAGE COMPANY 44 6.78% $8,375
Old National Bank 43 6.05% $6,995
VICTORY MORTGAGE, L.L.C. 42 5.55% $8,262
V.I.P. MORTGAGE, INC. 42 6.82% $9,352
Blue Ridge Bank 40 6.38% $6,769
AMERICAN FINANCIAL RESOURCES, INC. 40 6.79% $7,414
Bank of England 39 6.59% $9,294
CHURCHILL MORTGAGE CORPORATION 39 6.87% $8,767
Centier Bank 38 6.61% $6,851
Elements Financial Federal Credit Union 37 6.13% $8,240
PRIMARY RESIDENTIAL MORTGAGE, INC. 37 6.76% $9,501
Merchants Bank of Indiana 36 6.53% $6,361
First Financial Bank 35 6.48% $6,911
AMERICAN PORTFOLIO MORTGAGE CORPORATION 35 6.66% $8,489
HOMEBRIDGE FINANCIAL SERVICES, INC. 34 6.41% $6,490
Horizon Bank 32 6.57% $6,658
Flanagan State Bank 31 6.60% $8,706
The Loan Store, Inc. 30 6.16% $11,864
MID AMERICA MORTGAGE, INC. 30 7.20% $5,050
FLAT BRANCH MORTGAGE, INC. 28 6.63% $8,636
Gateway First Bank 28 6.32% $8,930
SUCCESS MORTGAGE PARTNERS, INC. 27 6.68% $11,081
Sierra Pacific Mortgage Company, Inc. 27 6.38% $11,739
EMM LOANS LLC 26 6.05% $12,711
DAS Acquisition Company, LLC 26 7.12% $8,827
KeyBank 25 6.19% $6,818
Loan Simple, Inc. 25 6.70% $11,240
JLB CORPORATION 24 6.06% $8,435
U.S. Bank 23 6.72% $6,408
MORTGAGE SOLUTIONS OF COLORADO, LLC 23 7.10% $14,528
TOWNE MORTGAGE COMPANY 22 6.38% $10,444
Lakeview Community Capital, LLC 21 6.04% $7,245
PHH Mortgage Corporation 20 6.65% $9,722
TOP FLITE FINANCIAL, INC. 19 6.89% $13,315
South Pacific Financial Corporation 19 5.00% $8,117
Barrington Bank & Trust Company, N.A. 19 6.82% $8,191
GSF Mortgage Corporation 19 6.50% $11,098
OPEN MORTGAGE, LLC 18 7.08% $8,774
Stock Yards Bank & Trust Company 18 6.52% $6,902
TJC Mortgage, Inc. 18 6.60% $12,117
BMO Harris Bank 18 6.63% $7,564
1st Source Bank 17 7.07% $6,635
SOUTHWEST FUNDING, LP 17 7.03% $9,274
ENVOY MORTGAGE, LTD 17 7.04% $9,562
Advisors Mortgage Group, L.L.C. 16 6.54% $7,419
MEMBER FIRST MORTGAGE, LLC 16 6.74% $8,530
BAY EQUITY LLC 15 6.41% $8,537
FORUM Credit Union 14 6.33% $6,659
OCEANSIDE MORTGAGE COMPANY 14 6.17% $3,215
M&T Bank 14 6.52% $8,005
AmRes Corporation 14 6.71% $9,897
INDIANA MEMBERS CREDIT UNION 13 6.73% $6,515
CANOPY MORTGAGE, LLC 13 6.45% $10,590
MYCUMORTGAGE, LLC 13 6.65% $6,102
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 13 6.65% $8,874
Texana Bank 13 6.28% $10,912
VERITAS FUNDING, LLC 12 6.39% $16,057
The State Bank and Trust Company 12 6.44% $7,536
RAPID MORTGAGE COMPANY 11 6.97% $15,486
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 11 6.71% $9,186
GUARANTEED RATE AFFINITY, LLC 11 6.66% $8,346
NEW DAY FINANCIAL, LLC 11 7.54% $4,242
AXIA FINANCIAL, LLC 10 6.61% $12,063
NBKC BANK 10 6.05% $8,321
Mortgage Assurance Inc. 10 6.50% $7,783
Wells Fargo Bank 10 6.33% $7,964
MILEND, INC. 10 6.36% $12,197
POINT Mortgage 10 6.68% $8,370
ON Q FINANCIAL, INC. 9 6.69% $8,184
First Harrison Bank 9 6.47% $6,035
First Financial Bank 9 6.71% $5,903
JMAC LENDING, INC. 9 6.07% $12,462
LIBERTY HOME MORTGAGE CORPORATION 9 6.71% $12,568
Pacor Mortgage Corp 9 6.71% $9,406
Republic Bank & Trust Company 9 6.61% $7,421
LAND HOME FINANCIAL SERVICES, INC. 8 7.62% $12,227
BAYSHORE MORTGAGE FUNDING, LLC 8 6.87% $11,104
1ST SIGNATURE LENDING, LLC 8 6.86% $10,353
American Mortgage Bank, LLC 8 6.84% $8,527
Civista Bank 7 6.30% $6,396
ALLIED MORTGAGE GROUP, INC. 7 6.05% $9,547
MLD MORTGAGE INC. 7 6.52% $9,030
Servion, Inc. 7 6.68% $8,650
Arvest Bank 7 6.25% $9,740
BETTER MORTGAGE CORPORATION 7 6.07% $9,801
SENTE MORTGAGE, INC. 6 6.83% $9,428
Citizens Bank 6 6.02% $10,492
WesBanco 6 6.31% $6,962
Meridian Bank Corporation 6 6.69% $8,179
THE ANDERSON FINANCIAL GROUP, INC. 6 6.46% $7,120
PROPER RATE, LLC 6 6.45% $9,292
NFM, INC. 6 6.15% $14,076
S1L, Inc. 5 6.50% $9,125
T2 FINANCIAL LLC 5 6.73% $11,954
COMPASS MORTGAGE, INC. 5 6.60% $16,266
NATIONWIDE MORTGAGE BANKERS, INC. 5 6.93% $11,164
NETWORK CAPITAL FUNDING CORPORATION 5 6.30% $11,947
BECKAM FUNDING CORP. 5 6.85% $20,406
GREENSTATE CREDIT UNION 5 5.83% $7,958
Waterstone Mortgage Corporation 5 6.48% $9,521
Northwest Bank 5 6.18% $5,699
UNITED MORTGAGE CORP 4 6.97% $10,020
SECURITYNATIONAL MORTGAGE COMPANY 4 6.56% $9,265
CITY FIRST MORTGAGE SERVICES, L.L.C. 4 6.72% $9,626
Bank of America 4 6.31% $6,889
Truist 4 5.84% $11,754
PENTAGON FEDERAL CREDIT UNION 4 6.19% $9,272
Paramount Bank 3 6.92% $11,641
Key Mortgage Services, Inc. 3 7.08% $8,975
First Federal Bank 3 5.88% $7,816
NATIONS DIRECT MORTGAGE, LLC 3 6.50% $8,651
The Union Bank Company 3 6.17% $8,726
EQUITY RESOURCES, INC. 3 6.58% $5,914
Allied First Bank,sb 3 6.96% $8,157
ALAMEDA MORTGAGE CORPORATION 3 6.33% $11,813
NORWICH COMMERCIAL GROUP, INC. 3 6.75% $7,525
Renasant Bank 3 6.38% $7,268
Goldwater Bank, N.A. 3 6.04% $10,239
Atlantic Union Bank 3 6.79% $7,922
SIRVA MORTGAGE, INC. 3 6.67% $5,883
OCMBC, INC. 3 6.50% $16,429
Marquette Bank 2 6.13% $8,928
City Lending Inc. 2 8.25% $11,194
North American Savings Bank, F.S.B. 2 6.13% $8,980
SOUTH CENTRAL BANK, INC. 2 6.38% $6,750
Cornerstone First Mortgage, Inc 2 6.50% $12,525
FIRST EQUITY MORTGAGE INCORPORATED 2 5.88% $17,621
RESIDENTIAL BANCORP 2 5.81% $13,762
Midwest Mortgage Associates Corporation 2 6.44% $11,713
INOVA FEDERAL CREDIT UNION 2 6.63% $4,234
Peoples Bank 2 6.18% $6,565
FIRST COLONY MORTGAGE CORPORATION 2 6.50% $9,344
Commerce Home Mortgage, Inc. 2 6.31% $17,794
LOANFLIGHT LENDING, LLC 2 6.63% $6,804
UNITED 2 5.88% $12,199
MORIA DEVELOPMENT, INC. 2 6.56% $7,635
PREMIER MORTGAGE RESOURCES, L.L.C. 2 7.69% $8,329
PREMIA MORTGAGE, LLC 2 5.88% $8,165
Home Mortgage Alliance Corp 2 8.00% $8,085
TOTAL MORTGAGE SERVICES, LLC 2 6.69% $9,760
First International Bank & Trust 1 6.50% $4,110
Eagle Bank and Trust Company 1 6.25% $15,025
MORTGAGE ACCESS CORP. 1 7.25% $16,752
MORTGAGE 1 INCORPORATED 1 6.63% $9,923
NexBank 1 6.63% $7,805
NORTHERN MORTGAGE SERVICES, LLC 1 6.75% $10,192
CIBM Bank 1 5.75% $10,157
CIBC Bank USA 1 6.75% $5,856
ML Mortgage Corp. 1 7.75% $17,489
Acre Mortgage and Financial Inc 1 7.13% $13,939
MLB RESIDENTIAL LENDING, LLC 1 5.75% $22,398
Chickasaw Community Bank 1 6.13% $9,553
East Coast Capital Corp. 1 5.75% $14,199
Encompass Lending Group, LP 1 6.75% $13,819
Fidelity Bank 1 7.00% $6,401
RANLIFE, INC. 1 6.24% $9,502
LENOX FINANCIAL MORTGAGE CORPORATION 1 5.75% $13,612
First American Bank 1 6.63% $7,410
Residential Mortgage Solutions, Inc. 1 5.75% $8,080
ROSS MORTGAGE CORPORATION 1 6.25% $10,687
SeaTrust Mortgage Company 1 6.25% $9,844
Somerville Bank 1 6.75% $8,497
SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.50% $4,892
Stifel Bank and Trust 1 7.25% $7,141
INTERRA CREDIT UNION 1 6.13% $7,528
Strong Home Mortgage, LLC 1 6.38% $6,431
First Federal Bank of the Midwest 1 6.13% $5,024
SUMMIT FUNDING, INC. 1 5.99% $17,689
Associated Bank 1 6.38% $5,811
INTERCAP LENDING INC. 1 6.25% $7,088
The Dart Bank 1 6.00% $11,555
ARC HOME LLC 1 6.13% $9,626
HOMEXPRESS MORTGAGE CORP. 1 6.13% $8,622
THE MORTGAGE WAREHOUSE,LLC 1 6.50% $6,140
HOMESTEAD FUNDING CORP. 1 6.13% $9,929
Home State Bank 1 6.99% $7,100
HOMESPIRE MORTGAGE CORPORATION 1 6.25% $19,920
Town Square Mortgage & Investments, Inc. 1 7.13% $6,713
Traditional Bank, Inc. 1 6.63% $6,826
TruHome Solutions, LLC 1 6.50% $6,040
Heartland Bank 1 6.50% $10,292
American Bank of Oklahoma 1 5.63% $10,642
MORTGAGEONE, INC. 1 6.25% $15,408
US MORTGAGE CORPORATION 1 6.63% $10,855
ALLIANT CREDIT UNION 1 6.25% $7,109
First National Bank Texas 1 6.38% $10,448
AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.75% $9,090
Guardian Savings Bank, A Federal Savings Bank 1 6.88% $5,997
Willamette Valley Bank 1 6.25% $13,534
WINTERWOOD MORTGAGE GROUP, LLC 1 6.75% $6,079
DELMAR FINANCIAL COMPANY 1 5.63% $9,792

The top Indiana FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 2,074 FHA loans originated. Their average total fees are $9,607, which is $3,532 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

The lowest fee Indiana FHA lenders (with over 10 loans originated) are OCEANSIDE MORTGAGE COMPANY ($3,215), NEW DAY FINANCIAL, LLC ($4,242), Mortgage Research Center, LLC ($4,928), MID AMERICA MORTGAGE, INC. ($5,050) and VAN DYK MORTGAGE CORPORATION ($5,778).

The lowest rate Indiana FHA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC (4.90%), DHI MORTGAGE COMPANY, LTD. (4.96%), South Pacific Financial Corporation (5.00%), M/I FINANCIAL, LLC (5.05%) and EAGLE HOME MORTGAGE, LLC (5.05%).

Indiana FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
DECATUR, IN ADAMS 2022 $420,680 $538,650 $651,050 $809,150
FORT WAYNE, IN ALLEN 2022 $420,680 $538,650 $651,050 $809,150
COLUMBUS, IN BARTHOLOMEW 2022 $420,680 $538,650 $651,050 $809,150
LAFAYETTE-WEST LAFAYETTE, IN BENTON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO BLACKFORD 2022 $420,680 $538,650 $651,050 $809,150
INDIANAPOLIS-CARMEL-ANDERSON, IN BOONE 2022 $420,680 $538,650 $651,050 $809,150
INDIANAPOLIS-CARMEL-ANDERSON, IN BROWN 2022 $420,680 $538,650 $651,050 $809,150
LAFAYETTE-WEST LAFAYETTE, IN CARROLL 2022 $420,680 $538,650 $651,050 $809,150
LOGANSPORT, IN CASS 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN CLARK 2022 $420,680 $538,650 $651,050 $809,150
TERRE HAUTE, IN CLAY 2022 $420,680 $538,650 $651,050 $809,150
FRANKFORT, IN CLINTON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CRAWFORD 2022 $420,680 $538,650 $651,050 $809,150
WASHINGTON, IN DAVIESS 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN DEARBORN 2022 $420,680 $538,650 $651,050 $809,150
GREENSBURG, IN DECATUR 2022 $420,680 $538,650 $651,050 $809,150
AUBURN, IN DEKALB 2022 $420,680 $538,650 $651,050 $809,150
MUNCIE, IN DELAWARE 2022 $420,680 $538,650 $651,050 $809,150
JASPER, IN DUBOIS 2022 $420,680 $538,650 $651,050 $809,150
ELKHART-GOSHEN, IN ELKHART 2022 $420,680 $538,650 $651,050 $809,150
CONNERSVILLE, IN FAYETTE 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN FLOYD 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO FOUNTAIN 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO FULTON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO GIBSON 2022 $420,680 $538,650 $651,050 $809,150
MARION, IN GRANT 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO GREENE 2022 $420,680 $538,650 $651,050 $809,150
INDIANAPOLIS-CARMEL-ANDERSON, IN HAMILTON 2022 $420,680 $538,650 $651,050 $809,150
INDIANAPOLIS-CARMEL-ANDERSON, IN HANCOCK 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN HARRISON 2022 $420,680 $538,650 $651,050 $809,150
INDIANAPOLIS-CARMEL-ANDERSON, IN HENDRICKS 2022 $420,680 $538,650 $651,050 $809,150
NEW CASTLE, IN HENRY 2022 $420,680 $538,650 $651,050 $809,150
KOKOMO, IN HOWARD 2022 $420,680 $538,650 $651,050 $809,150
HUNTINGTON, IN HUNTINGTON 2022 $420,680 $538,650 $651,050 $809,150
SEYMOUR, IN JACKSON 2022 $420,680 $538,650 $651,050 $809,150
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI JASPER 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO JAY 2022 $420,680 $538,650 $651,050 $809,150
MADISON, IN JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
NORTH VERNON, IN JENNINGS 2022 $420,680 $538,650 $651,050 $809,150
INDIANAPOLIS-CARMEL-ANDERSON, IN JOHNSON 2022 $420,680 $538,650 $651,050 $809,150
VINCENNES, IN KNOX 2022 $420,680 $538,650 $651,050 $809,150
WARSAW, IN KOSCIUSKO 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LAGRANGE 2022 $420,680 $538,650 $651,050 $809,150
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI LAKE 2022 $420,680 $538,650 $651,050 $809,150
MICHIGAN CITY-LA PORTE, IN LAPORTE 2022 $420,680 $538,650 $651,050 $809,150
BEDFORD, IN LAWRENCE 2022 $420,680 $538,650 $651,050 $809,150
INDIANAPOLIS-CARMEL-ANDERSON, IN MADISON 2022 $420,680 $538,650 $651,050 $809,150
INDIANAPOLIS-CARMEL-ANDERSON, IN MARION 2022 $420,680 $538,650 $651,050 $809,150
PLYMOUTH, IN MARSHALL 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MARTIN 2022 $420,680 $538,650 $651,050 $809,150
PERU, IN MIAMI 2022 $420,680 $538,650 $651,050 $809,150
BLOOMINGTON, IN MONROE 2022 $420,680 $538,650 $651,050 $809,150
CRAWFORDSVILLE, IN MONTGOMERY 2022 $420,680 $538,650 $651,050 $809,150
INDIANAPOLIS-CARMEL-ANDERSON, IN MORGAN 2022 $420,680 $538,650 $651,050 $809,150
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI NEWTON 2022 $420,680 $538,650 $651,050 $809,150
KENDALLVILLE, IN NOBLE 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN OHIO 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO ORANGE 2022 $420,680 $538,650 $651,050 $809,150
BLOOMINGTON, IN OWEN 2022 $420,680 $538,650 $651,050 $809,150
TERRE HAUTE, IN PARKE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO PERRY 2022 $420,680 $538,650 $651,050 $809,150
JASPER, IN PIKE 2022 $420,680 $538,650 $651,050 $809,150
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI PORTER 2022 $420,680 $538,650 $651,050 $809,150
EVANSVILLE, IN-KY POSEY 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO PULASKI 2022 $420,680 $538,650 $651,050 $809,150
INDIANAPOLIS-CARMEL-ANDERSON, IN PUTNAM 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO RANDOLPH 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO RIPLEY 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO RUSH 2022 $420,680 $538,650 $651,050 $809,150
SOUTH BEND-MISHAWAKA, IN-MI ST. JOSEPH 2022 $420,680 $538,650 $651,050 $809,150
SCOTTSBURG, IN SCOTT 2022 $420,680 $538,650 $651,050 $809,150
INDIANAPOLIS-CARMEL-ANDERSON, IN SHELBY 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO SPENCER 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO STARKE 2022 $420,680 $538,650 $651,050 $809,150
ANGOLA, IN STEUBEN 2022 $420,680 $538,650 $651,050 $809,150
TERRE HAUTE, IN SULLIVAN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO SWITZERLAND 2022 $420,680 $538,650 $651,050 $809,150
LAFAYETTE-WEST LAFAYETTE, IN TIPPECANOE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO TIPTON 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN UNION 2022 $420,680 $538,650 $651,050 $809,150
EVANSVILLE, IN-KY VANDERBURGH 2022 $420,680 $538,650 $651,050 $809,150
TERRE HAUTE, IN VERMILLION 2022 $420,680 $538,650 $651,050 $809,150
TERRE HAUTE, IN VIGO 2022 $420,680 $538,650 $651,050 $809,150
WABASH, IN WABASH 2022 $420,680 $538,650 $651,050 $809,150
LAFAYETTE-WEST LAFAYETTE, IN WARREN 2022 $420,680 $538,650 $651,050 $809,150
EVANSVILLE, IN-KY WARRICK 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
RICHMOND, IN WAYNE 2022 $420,680 $538,650 $651,050 $809,150
BLUFFTON, IN WELLS 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO WHITE 2022 $420,680 $538,650 $651,050 $809,150
FORT WAYNE, IN WHITLEY 2022 $420,680 $538,650 $651,050 $809,150
DECATUR, IN ADAMS 2023 $472,030 $604,400 $730,525 $907,900
FORT WAYNE, IN ALLEN 2023 $472,030 $604,400 $730,525 $907,900
COLUMBUS, IN BARTHOLOMEW 2023 $472,030 $604,400 $730,525 $907,900
LAFAYETTE-WEST LAFAYETTE, IN BENTON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO BLACKFORD 2023 $472,030 $604,400 $730,525 $907,900
INDIANAPOLIS-CARMEL-ANDERSON, IN BOONE 2023 $472,030 $604,400 $730,525 $907,900
INDIANAPOLIS-CARMEL-ANDERSON, IN BROWN 2023 $472,030 $604,400 $730,525 $907,900
LAFAYETTE-WEST LAFAYETTE, IN CARROLL 2023 $472,030 $604,400 $730,525 $907,900
LOGANSPORT, IN CASS 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN CLARK 2023 $472,030 $604,400 $730,525 $907,900
TERRE HAUTE, IN CLAY 2023 $472,030 $604,400 $730,525 $907,900
FRANKFORT, IN CLINTON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CRAWFORD 2023 $472,030 $604,400 $730,525 $907,900
WASHINGTON, IN DAVIESS 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN DEARBORN 2023 $472,030 $604,400 $730,525 $907,900
GREENSBURG, IN DECATUR 2023 $472,030 $604,400 $730,525 $907,900
AUBURN, IN DEKALB 2023 $472,030 $604,400 $730,525 $907,900
MUNCIE, IN DELAWARE 2023 $472,030 $604,400 $730,525 $907,900
JASPER, IN DUBOIS 2023 $472,030 $604,400 $730,525 $907,900
ELKHART-GOSHEN, IN ELKHART 2023 $472,030 $604,400 $730,525 $907,900
CONNERSVILLE, IN FAYETTE 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN FLOYD 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO FOUNTAIN 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN FRANKLIN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO FULTON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO GIBSON 2023 $472,030 $604,400 $730,525 $907,900
MARION, IN GRANT 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO GREENE 2023 $472,030 $604,400 $730,525 $907,900
INDIANAPOLIS-CARMEL-ANDERSON, IN HAMILTON 2023 $472,030 $604,400 $730,525 $907,900
INDIANAPOLIS-CARMEL-ANDERSON, IN HANCOCK 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN HARRISON 2023 $472,030 $604,400 $730,525 $907,900
INDIANAPOLIS-CARMEL-ANDERSON, IN HENDRICKS 2023 $472,030 $604,400 $730,525 $907,900
NEW CASTLE, IN HENRY 2023 $472,030 $604,400 $730,525 $907,900
KOKOMO, IN HOWARD 2023 $472,030 $604,400 $730,525 $907,900
HUNTINGTON, IN HUNTINGTON 2023 $472,030 $604,400 $730,525 $907,900
SEYMOUR, IN JACKSON 2023 $472,030 $604,400 $730,525 $907,900
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI JASPER 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO JAY 2023 $472,030 $604,400 $730,525 $907,900
MADISON, IN JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
NORTH VERNON, IN JENNINGS 2023 $472,030 $604,400 $730,525 $907,900
INDIANAPOLIS-CARMEL-ANDERSON, IN JOHNSON 2023 $472,030 $604,400 $730,525 $907,900
VINCENNES, IN KNOX 2023 $472,030 $604,400 $730,525 $907,900
WARSAW, IN KOSCIUSKO 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LAGRANGE 2023 $472,030 $604,400 $730,525 $907,900
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI LAKE 2023 $472,030 $604,400 $730,525 $907,900
MICHIGAN CITY-LA PORTE, IN LAPORTE 2023 $472,030 $604,400 $730,525 $907,900
BEDFORD, IN LAWRENCE 2023 $472,030 $604,400 $730,525 $907,900
INDIANAPOLIS-CARMEL-ANDERSON, IN MADISON 2023 $472,030 $604,400 $730,525 $907,900
INDIANAPOLIS-CARMEL-ANDERSON, IN MARION 2023 $472,030 $604,400 $730,525 $907,900
PLYMOUTH, IN MARSHALL 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MARTIN 2023 $472,030 $604,400 $730,525 $907,900
PERU, IN MIAMI 2023 $472,030 $604,400 $730,525 $907,900
BLOOMINGTON, IN MONROE 2023 $472,030 $604,400 $730,525 $907,900
CRAWFORDSVILLE, IN MONTGOMERY 2023 $472,030 $604,400 $730,525 $907,900
INDIANAPOLIS-CARMEL-ANDERSON, IN MORGAN 2023 $472,030 $604,400 $730,525 $907,900
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI NEWTON 2023 $472,030 $604,400 $730,525 $907,900
KENDALLVILLE, IN NOBLE 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN OHIO 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO ORANGE 2023 $472,030 $604,400 $730,525 $907,900
BLOOMINGTON, IN OWEN 2023 $472,030 $604,400 $730,525 $907,900
TERRE HAUTE, IN PARKE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO PERRY 2023 $472,030 $604,400 $730,525 $907,900
JASPER, IN PIKE 2023 $472,030 $604,400 $730,525 $907,900
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI PORTER 2023 $472,030 $604,400 $730,525 $907,900
EVANSVILLE, IN-KY POSEY 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO PULASKI 2023 $472,030 $604,400 $730,525 $907,900
INDIANAPOLIS-CARMEL-ANDERSON, IN PUTNAM 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO RANDOLPH 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO RIPLEY 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO RUSH 2023 $472,030 $604,400 $730,525 $907,900
SOUTH BEND-MISHAWAKA, IN-MI ST. JOSEPH 2023 $472,030 $604,400 $730,525 $907,900
SCOTTSBURG, IN SCOTT 2023 $472,030 $604,400 $730,525 $907,900
INDIANAPOLIS-CARMEL-ANDERSON, IN SHELBY 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO SPENCER 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO STARKE 2023 $472,030 $604,400 $730,525 $907,900
ANGOLA, IN STEUBEN 2023 $472,030 $604,400 $730,525 $907,900
TERRE HAUTE, IN SULLIVAN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO SWITZERLAND 2023 $472,030 $604,400 $730,525 $907,900
LAFAYETTE-WEST LAFAYETTE, IN TIPPECANOE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO TIPTON 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN UNION 2023 $472,030 $604,400 $730,525 $907,900
EVANSVILLE, IN-KY VANDERBURGH 2023 $472,030 $604,400 $730,525 $907,900
TERRE HAUTE, IN VERMILLION 2023 $472,030 $604,400 $730,525 $907,900
TERRE HAUTE, IN VIGO 2023 $472,030 $604,400 $730,525 $907,900
WABASH, IN WABASH 2023 $472,030 $604,400 $730,525 $907,900
LAFAYETTE-WEST LAFAYETTE, IN WARREN 2023 $472,030 $604,400 $730,525 $907,900
EVANSVILLE, IN-KY WARRICK 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
RICHMOND, IN WAYNE 2023 $472,030 $604,400 $730,525 $907,900
BLUFFTON, IN WELLS 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO WHITE 2023 $472,030 $604,400 $730,525 $907,900
FORT WAYNE, IN WHITLEY 2023 $472,030 $604,400 $730,525 $907,900

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).