Indiana Mortgage Guides 2026
This complete Indiana mortgage guide covers FHA loan limits across all 92 counties, IHCDA down payment assistance, USDA rural loans for rural Indiana, VA resources for Indiana’s veteran community, and a complete closing cost breakdown — all in one place.
Everything You Need for an Indiana Home Purchase
Six in-depth guides covering every aspect of getting a mortgage in Indiana — from loan program selection to what you’ll pay at closing.
Indiana Mortgage Guide
FHA loan limits statewide, loan programs, IHCDA assistance, property taxes, and closing costs.
Read guide →Indiana First-Time Home Buyer Guide
IHCDA’s First Step and Next Home down payment assistance, Step Down and Next Step programs, and income and purchase price limits explained.
Read guide →Indiana FHA Loan Requirements
2026 FHA limits for all 92 Indiana counties, credit score requirements, MIP, and how FHA competes in Indiana’s market.
Read guide →Indiana VA Loan Requirements
VA loan benefits for Indiana veterans — no down payment, no PMI, and military installations including Naval Support Activity Crane, Camp Atterbury, and Grissom Air Reserve Base.
Read guide →Indiana USDA Loans
USDA-eligible rural areas in Indiana outside the Indianapolis and Fort Wayne urban cores — income limits and eligibility explained.
Read guide →Indiana Closing Costs Guide
Indiana has no state or local real estate transfer tax — what buyers and sellers typically pay instead, including title insurance and recording fees.
Read guide →Key Indiana Mortgage Guide Facts
FHA Loan Limits (2026)
- All 92 Indiana counties: $541,287 (national floor)
- No high-cost county designation anywhere in Indiana for 2026, including Indianapolis-Carmel-Greenwood
- Confirm your county at HUD’s official lookup
Down Payment Assistance
- First Step: 5% of purchase price — non-forgivable second mortgage, $250 reservation fee
- Next Home: 2.50% or 3.50% of purchase price, not limited to first-time buyers
- Current terms at in.gov/ihcda
Property Taxes
- Homestead property tax is capped at 1% of assessed value (Est.) — Indiana’s constitutional “circuit breaker” credit
- Assessed and collected by counties, townships, and school districts
- Disabled veterans may qualify for a property tax deduction or credit
- Details at the Indiana DLGF
Closing Costs
- Indiana has no state or local real estate transfer tax
- Title-company/escrow closings are typical statewide; confirm closing arrangements with your title company
Buying or Refinancing in Indiana?
Indiana offers IHCDA down payment assistance and a full range of loan programs, and has no real estate transfer tax to budget for at closing. Our guides above break down all of it, and every figure links to the official source so you can verify current terms.
- ✓ Check First Step and Next Home eligibility and current terms at in.gov/ihcda
- ✓ Confirm your county’s 2026 FHA limit with HUD’s lookup tool
- ✓ Compare FHA vs. conventional using our loan program guides
- ✓ Estimate your total cash to close with our closing cost guide
No obligation · Educational first
Talk to an Indiana Mortgage Advisor
Have questions about buying or refinancing in Indiana? A licensed mortgage advisor can walk you through your loan options, assistance programs and costs, with no obligation.
