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2025 FHA Loan Limits in Indiana

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FHA loans, insured by the Federal Housing Administration, offer affordable minimum down payments and flexible credit score requirements, making homeownership more accessible to borrowers. However, FHA mortgages have maximum borrowing limits.

The 2025 FHA loan limit for single-family homes in Indiana is $524,225 across all 92 counties. In this guide, learn how FHA limits are set, what qualifications are necessary and how to find an approved lender.

Indiana FHA loan limits by county

County name	One unit	Two units	Three units	Four units	Median sales price
ADAMS	$524,225	$671,200	$811,275	$1,008,300	$186,000
ALLEN	$524,225	$671,200	$811,275	$1,008,300	$250,000
BARTHOLOMEW	$524,225	$671,200	$811,275	$1,008,300	$248,000
BENTON	$524,225	$671,200	$811,275	$1,008,300	$265,000
BLACKFORD	$524,225	$671,200	$811,275	$1,008,300	$121,000
BOONE	$524,225	$671,200	$811,275	$1,008,300	$430,000
BROWN	$524,225	$671,200	$811,275	$1,008,300	$430,000
CARROLL	$524,225	$671,200	$811,275	$1,008,300	$265,000
CASS	$524,225	$671,200	$811,275	$1,008,300	$158,000
CLARK	$524,225	$671,200	$811,275	$1,008,300	$398,000
CLAY	$524,225	$671,200	$811,275	$1,008,300	$181,000
CLINTON	$524,225	$671,200	$811,275	$1,008,300	$210,000
CRAWFORD	$524,225	$671,200	$811,275	$1,008,300	$145,000
DAVIESS	$524,225	$671,200	$811,275	$1,008,300	$143,000
DEARBORN	$524,225	$671,200	$811,275	$1,008,300	$367,000
DECATUR	$524,225	$671,200	$811,275	$1,008,300	$202,000
DEKALB	$524,225	$671,200	$811,275	$1,008,300	$218,000
DELAWARE	$524,225	$671,200	$811,275	$1,008,300	$157,000
DUBOIS	$524,225	$671,200	$811,275	$1,008,300	$219,000
ELKHART	$524,225	$671,200	$811,275	$1,008,300	$238,000
FAYETTE	$524,225	$671,200	$811,275	$1,008,300	$120,000
FLOYD	$524,225	$671,200	$811,275	$1,008,300	$398,000
FOUNTAIN	$524,225	$671,200	$811,275	$1,008,300	$167,000
FRANKLIN	$524,225	$671,200	$811,275	$1,008,300	$367,000
FULTON	$524,225	$671,200	$811,275	$1,008,300	$180,000
GIBSON	$524,225	$671,200	$811,275	$1,008,300	$131,000
GRANT	$524,225	$671,200	$811,275	$1,008,300	$146,000
GREENE	$524,225	$671,200	$811,275	$1,008,300	$163,000
HAMILTON	$524,225	$671,200	$811,275	$1,008,300	$430,000
HANCOCK	$524,225	$671,200	$811,275	$1,008,300	$430,000
HARRISON	$524,225	$671,200	$811,275	$1,008,300	$398,000
HENDRICKS	$524,225	$671,200	$811,275	$1,008,300	$430,000
HENRY	$524,225	$671,200	$811,275	$1,008,300	$167,000
HOWARD	$524,225	$671,200	$811,275	$1,008,300	$167,000
HUNTINGTON	$524,225	$671,200	$811,275	$1,008,300	$181,000
JACKSON	$524,225	$671,200	$811,275	$1,008,300	$209,000
JASPER	$524,225	$671,200	$811,275	$1,008,300	$441,000
JAY	$524,225	$671,200	$811,275	$1,008,300	$136,000
JEFFERSON	$524,225	$671,200	$811,275	$1,008,300	$168,000
JENNINGS	$524,225	$671,200	$811,275	$1,008,300	$194,000
JOHNSON	$524,225	$671,200	$811,275	$1,008,300	$430,000
KNOX	$524,225	$671,200	$811,275	$1,008,300	$140,000
KOSCIUSKO	$524,225	$671,200	$811,275	$1,008,300	$225,000
LAGRANGE	$524,225	$671,200	$811,275	$1,008,300	$253,000
LAKE	$524,225	$671,200	$811,275	$1,008,300	$441,000
LAPORTE	$524,225	$671,200	$811,275	$1,008,300	$230,000
LAWRENCE	$524,225	$671,200	$811,275	$1,008,300	$143,000
MADISON	$524,225	$671,200	$811,275	$1,008,300	$430,000
MARION	$524,225	$671,200	$811,275	$1,008,300	$430,000
MARSHALL	$524,225	$671,200	$811,275	$1,008,300	$200,000
MARTIN	$524,225	$671,200	$811,275	$1,008,300	$85,000
MIAMI	$524,225	$671,200	$811,275	$1,008,300	$137,000
MONROE	$524,225	$671,200	$811,275	$1,008,300	$319,000
MONTGOMERY	$524,225	$671,200	$811,275	$1,008,300	$195,000
MORGAN	$524,225	$671,200	$811,275	$1,008,300	$430,000
NEWTON	$524,225	$671,200	$811,275	$1,008,300	$441,000
NOBLE	$524,225	$671,200	$811,275	$1,008,300	$201,000
OHIO	$524,225	$671,200	$811,275	$1,008,300	$367,000
ORANGE	$524,225	$671,200	$811,275	$1,008,300	$110,000
OWEN	$524,225	$671,200	$811,275	$1,008,300	$319,000
PARKE	$524,225	$671,200	$811,275	$1,008,300	$181,000
PERRY	$524,225	$671,200	$811,275	$1,008,300	$164,000
PIKE	$524,225	$671,200	$811,275	$1,008,300	$219,000
PORTER	$524,225	$671,200	$811,275	$1,008,300	$441,000
POSEY	$524,225	$671,200	$811,275	$1,008,300	$260,000
PULASKI	$524,225	$671,200	$811,275	$1,008,300	$176,000
PUTNAM	$524,225	$671,200	$811,275	$1,008,300	$430,000
RANDOLPH	$524,225	$671,200	$811,275	$1,008,300	$128,000
RIPLEY	$524,225	$671,200	$811,275	$1,008,300	$212,000
RUSH	$524,225	$671,200	$811,275	$1,008,300	$164,000
SCOTT	$524,225	$671,200	$811,275	$1,008,300	$150,000
SHELBY	$524,225	$671,200	$811,275	$1,008,300	$430,000
SPENCER	$524,225	$671,200	$811,275	$1,008,300	$166,000
ST. JOSEPH	$524,225	$671,200	$811,275	$1,008,300	$198,000
STARKE	$524,225	$671,200	$811,275	$1,008,300	$189,000
STEUBEN	$524,225	$671,200	$811,275	$1,008,300	$232,000
SULLIVAN	$524,225	$671,200	$811,275	$1,008,300	$181,000
SWITZERLAND	$524,225	$671,200	$811,275	$1,008,300	$132,000
TIPPECANOE	$524,225	$671,200	$811,275	$1,008,300	$265,000
TIPTON	$524,225	$671,200	$811,275	$1,008,300	$165,000
UNION	$524,225	$671,200	$811,275	$1,008,300	$367,000
VANDERBURGH	$524,225	$671,200	$811,275	$1,008,300	$260,000
VERMILLION	$524,225	$671,200	$811,275	$1,008,300	$181,000
VIGO	$524,225	$671,200	$811,275	$1,008,300	$181,000
WABASH	$524,225	$671,200	$811,275	$1,008,300	$167,000
WARREN	$524,225	$671,200	$811,275	$1,008,300	$265,000
WARRICK	$524,225	$671,200	$811,275	$1,008,300	$260,000
WASHINGTON	$524,225	$671,200	$811,275	$1,008,300	$398,000
WAYNE	$524,225	$671,200	$811,275	$1,008,300	$146,000
WELLS	$524,225	$671,200	$811,275	$1,008,300	$219,000
WHITE	$524,225	$671,200	$811,275	$1,008,300	$180,000
WHITLEY	$524,225	$671,200	$811,275	$1,008,300	$250,000

How are FHA loan limits determined?

The National Housing Act (NHA) requires FHA loan limits to be based on county median home prices, capped at 115% of the median sales price as estimated annually by the U.S. Department of Housing and Urban Development (HUD).

FHA also sets national “floor” and “ceiling” limits based on the conforming loan limit for conventional mortgages (non-government loans) — $806,500 in 2025. The “floor” (standard FHA limit) is 65% of the conforming loan limit ($524,255), and the ceiling (highest FHA limit) is 150% of it ($1,209,750).

For example, Decatur County’s median home price is $202,000. Since 115% of this ($232,300) is below the floor limit, the FHA loan limit for the county defaults to $524,255. In Indiana, the 2025 FHA loan limit for single-family homes in all counties is $524,255, while higher limits apply to multifamily properties.

In other areas — Alaska, Hawaii, Guam and the U.S. Virgin Islands — an even higher limit of $1,814,625 applies because they are designated special exception areas due to higher housing costs and other factors.

How to qualify for an FHA loan in Indiana

To qualify for an FHA loan in Indiana, you must meet specific credit and eligibility standards set by the FHA. You’ll apply for your FHA loan with a private lender who may impose additional requirements.

At a minimum, you’ll need to meet the following qualifications:

Minimum down payment: The minimum down payment for FHA loans is 3.5%, with a 580 or higher credit score. A credit score between 500 and 579 will require a down payment of at least 10%.
Minimum credit score: You can qualify for an FHA loan with a score as low as 500, although you’ll need to put at least 10% down to do so. To make the minimum 3.5% down payment, you’ll need a minimum credit score of 580.
Maximum DTI ratio: FHA guidelines set the maximum debt-to-income (DTI) ratio (the sum of your monthly debt payments divided by your monthly pretax income) at 43%. However, lenders may approve a higher ratio in some cases.
Mortgage insurance: You’ll pay two types of mortgage insurance: an upfront premium of 1.75% of the mortgage amount (typically financed with the principal) and an annual mortgage insurance premium of 0.15% to 0.75% of the loan amount (calculated in your monthly mortgage payments).
Occupancy: You must live in the home as your primary residence for at least one year.
Employment and income: FHA loans don’t have income restrictions; however, lenders will verify you have at least two years of consistent employment and recurring income.
Home appraisal: The property must undergo a home appraisal to verify the market value and confirm it meets FHA’s property standards.

Buying a multifamily property with an FHA loan

The FHA loan program allows borrowers to purchase a multifamily home of two to four units with the same 3.5% minimum down payment as one-unit properties. These loans can help borrowers to start house hacking. To qualify, you must meet the standard FHA loan requirements and criteria unique to multifamily homes.

Minimum down payment: 3.5% (10% with a credit score between 500 and 579)
Minimum credit score: 580 with 3.5% down or 500 with 10% down
Primary residence occupancy: You must live in one of the units as your primary residence for at least one year.
Cash reserves: You’ll need to have a certain amount of cash reserves on hand.
Rental income: You can use a portion of the estimated rental income to qualify.

Indiana FHA loan limits for multifamily homes reach up to $1,008,300.