FIRST TIME HOME BUYER PROGRAMS INDIANA

FHA First Time Home Buyer Programs have been helping Indiana residents since 1934 

 

FIRST TIME HOME BUYER PROGRAMS INDIANA

A knowledgeable & licensed Indiana 'First Time Home Buyer Program' Specialist can offer you a better loan including:

  • Low down payments (if any)

  • 24 Hour Pre-Approval

  • Low closing costs

  • Easier credit qualifying

  • Access to many of the unique

    State Specific Federal Government Backed Programs that may be available to Indiana First Time Buyers.

Indiana First Time Home Buyer Loan

If you’re buying your first home, then this is the perfect place to start. And don't fear: We have the first time home buyer specialist that answer all the questions you want to ask, — and, those you haven't thought of yet.  home easier and less expensive than any other types of real estate mortgage home loan programs.

Buy a home in Indiana with help from a Family Member

When buying a home, almost every lender will want to know where your down payment came from. If someone in your family is helping you with that down payment, it is called a Gift of Equity, a special FHA loan program.

Indiana USDA Home Loan

If you live in a small town, rural area or farmlands situated in a location approved by USDA Rural Development, you may be able to purchase a home with up to 100% financing. The United States Department of Agriculture (USDA) were designed to encourage rural development, meaning city homes are excluded. United States Department of Agriculture (USDA) sets lending guidelines for the program, which is why it can feel confident in your home financing decisions with step-by-step guidance from an experienced USDA Mortgage Banker.

 

Buying a 'Fixer Upper' in Indiana & Adding Additional Funds for Home Improvements

An FHA 203K Purchase and Rehab Loan can work in this situation. The 203K has many advantages. Put simply it is a mortgage insured by FHA that allows a home buyer to add rehab funds into a mortgage.

VA Veterans Home Loans in Indiana

The VA Home Loan is a Federal Program designed for United States Armed Forces, Military Retiree, Veterans, National Guard and Reservists, as well as Spouses.

Indiana Construction Home Loan

At last, a single loan that lets borrowers finance the construction of their home. You can even 'bundle the purchase of the land' land with your construction loan under what is called the 'One Time Close' loan. Guidelines for this program, can be found by clicking here: 'FHA Construction Loan Programs'  or here: 'VA Construction Loan Programs'

Buying a 2 Family or 3 Family Investment Property in Indiana

You can buy from a duplex residence all the way up to a 4 unit home with a Government Backed FHA Loan , as long as the property is owner occupied. .

Indiana FHA Home Loan

How it works:

 

√    Determine the type of FHA Government Loan that best fits your needs.

 

√       Complete an easy 2 minute application form.

 

√    We will forward your application to one and only one  FHA Approved Lender who can best help you based upon:

 

  • The type of loan you requested

  • Your down-payment (if purchase loan)

  • The location (State) your property is located

  • Your credit history

  • The best rate available for your loan

 

√    An FHA Loan Specialist will respond within 1 business day. They will explain what type of loan you are approved for, and the options available to you. 

 

√    Immediately that same day, the FHA Lender will overnight your pre-approval letter to you.

 

√    Review with no obligations your FHA Loan Pre-approval and locked rate. 

 

Note- It is very important that you keep this letter. It is your official pre-approval on bank letterhead with your 'locked rate', and if purchasing a house, it is equally important that you present this letter to the real estate agent to confirm your pre-qualification status.              

Indiana FHA Lending Limits 2017

 

County Name Single Duplex 3 Unit 4 Unit
ADAMS $275,665 $352,950 $426,625 $530,150
   DECATUR, IN
ALLEN $275,665 $352,950 $426,625 $530,150
   FORT WAYNE, IN
BARTHOLOMEW $275,665 $352,950 $426,625 $530,150
   COLUMBUS, IN
BENTON $275,665 $352,950 $426,625 $530,150
   LAFAYETTE-WEST LAFAYETTE, IN
BLACKFORD $275,665 $352,950 $426,625 $530,150
BOONE $308,200 $394,550 $476,900 $592,700
   INDIANAPOLIS-CARMEL-ANDERSON, IN
BROWN $308,200 $394,550 $476,900 $592,700
   INDIANAPOLIS-CARMEL-ANDERSON, IN
CARROLL $275,665 $352,950 $426,625 $530,150
   LAFAYETTE-WEST LAFAYETTE, IN
CASS $275,665 $352,950 $426,625 $530,150
   LOGANSPORT, IN
CLARK $299,000 $382,750 $462,650 $575,000
   LOUISVILLE/JEFFERSON , KY-IN
CLAY $275,665 $352,950 $426,625 $530,150
   TERRE HAUTE, IN
CLINTON $275,665 $352,950 $426,625 $530,150
   FRANKFORT, IN
CRAWFORD $275,665 $352,950 $426,625 $530,150
DAVIESS $275,665 $352,950 $426,625 $530,150
   WASHINGTON, IN
DEARBORN $275,665 $352,950 $426,625 $530,150
   CINCINNATI, OH-KY-IN
DECATUR $275,665 $352,950 $426,625 $530,150
   GREENSBURG, IN
DEKALB $275,665 $352,950 $426,625 $530,150
   AUBURN, IN
DELAWARE $275,665 $352,950 $426,625 $530,150
   MUNCIE, IN
DUBOIS $275,665 $352,950 $426,625 $530,150
   JASPER, IN
ELKHART $275,665 $352,950 $426,625 $530,150
   ELKHART-GOSHEN, IN
FAYETTE $275,665 $352,950 $426,625 $530,150
   CONNERSVILLE, IN
FLOYD $299,000 $382,750 $462,650 $575,000
   LOUISVILLE/JEFFERSON , KY-IN
FOUNTAIN $275,665 $352,950 $426,625 $530,150
FRANKLIN $275,665 $352,950 $426,625 $530,150
FULTON $275,665 $352,950 $426,625 $530,150
GIBSON $275,665 $352,950 $426,625 $530,150
   NON-METRO
GRANT $275,665 $352,950 $426,625 $530,150
   MARION, IN
GREENE $275,665 $352,950 $426,625 $530,150
HAMILTON $308,200 $394,550 $476,900 $592,700
   INDIANAPOLIS-CARMEL-ANDERSON, IN
HANCOCK $308,200 $394,550 $476,900 $592,700
   INDIANAPOLIS-CARMEL-ANDERSON, IN
HARRISON $299,000 $382,750 $462,650 $575,000
   LOUISVILLE/JEFFERSON , KY-IN
HENDRICKS $308,200 $394,550 $476,900 $592,700
   INDIANAPOLIS-CARMEL-ANDERSON, IN
HENRY $275,665 $352,950 $426,625 $530,150
   NEW CASTLE, IN
HOWARD $275,665 $352,950 $426,625 $530,150
   KOKOMO, IN
HUNTINGTON $275,665 $352,950 $426,625 $530,150
   HUNTINGTON, IN
JACKSON $275,665 $352,950 $426,625 $530,150
   SEYMOUR, IN
JASPER $365,700 $468,150 $565,900 $703,250
   CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
JAY $275,665 $352,950 $426,625 $530,150
JEFFERSON $275,665 $352,950 $426,625 $530,150
   MADISON, IN
JENNINGS $275,665 $352,950 $426,625 $530,150
   NORTH VERNON, IN
JOHNSON $308,200 $394,550 $476,900 $592,700
   INDIANAPOLIS-CARMEL-ANDERSON, IN
KNOX $275,665 $352,950 $426,625 $530,150
   VINCENNES, IN
KOSCIUSKO $275,665 $352,950 $426,625 $530,150
   WARSAW, IN
LAGRANGE $275,665 $352,950 $426,625 $530,150
LAKE $365,700 $468,150 $565,900 $703,250
   CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
LAPORTE $275,665 $352,950 $426,625 $530,150
   MICHIGAN CITY-LA PORTE, IN
LAWRENCE $275,665 $352,950 $426,625 $530,150
   BEDFORD, IN
MADISON $308,200 $394,550 $476,900 $592,700
   INDIANAPOLIS-CARMEL-ANDERSON, IN
MARION $308,200 $394,550 $476,900 $592,700
   INDIANAPOLIS-CARMEL-ANDERSON, IN
MARSHALL $275,665 $352,950 $426,625 $530,150
   PLYMOUTH, IN
MARTIN $275,665 $352,950 $426,625 $530,150
MIAMI $275,665 $352,950 $426,625 $530,150
   PERU, IN
MONROE $275,665 $352,950 $426,625 $530,150
   BLOOMINGTON, IN
MONTGOMERY $275,665 $352,950 $426,625 $530,150
   CRAWFORDSVILLE, IN
MORGAN $308,200 $394,550 $476,900 $592,700
   INDIANAPOLIS-CARMEL-ANDERSON, IN
NEWTON $365,700 $468,150 $565,900 $703,250
   CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
NOBLE $275,665 $352,950 $426,625 $530,150
   KENDALLVILLE, IN
OHIO $275,665 $352,950 $426,625 $530,150
   CINCINNATI, OH-KY-IN
ORANGE $275,665 $352,950 $426,625 $530,150
OWEN $275,665 $352,950 $426,625 $530,150
   BLOOMINGTON, IN
PARKE $275,665 $352,950 $426,625 $530,150
PERRY $275,665 $352,950 $426,625 $530,150
PIKE $275,665 $352,950 $426,625 $530,150
   JASPER, IN
PORTER $365,700 $468,150 $565,900 $703,250
   CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
POSEY $275,665 $352,950 $426,625 $530,150
   EVANSVILLE, IN-KY
PULASKI $275,665 $352,950 $426,625 $530,150
PUTNAM $308,200 $394,550 $476,900 $592,700
   INDIANAPOLIS-CARMEL-ANDERSON, IN
RANDOLPH $275,665 $352,950 $426,625 $530,150
RIPLEY $275,665 $352,950 $426,625 $530,150
RUSH $275,665 $352,950 $426,625 $530,150
SCOTT $299,000 $382,750 $462,650 $575,000
   LOUISVILLE/JEFFERSON , KY-IN
SHELBY $308,200 $394,550 $476,900 $592,700
   INDIANAPOLIS-CARMEL-ANDERSON, IN
SPENCER $275,665 $352,950 $426,625 $530,150
ST. JOSEPH $275,665 $352,950 $426,625 $530,150
   SOUTH BEND-MISHAWAKA, IN-MI
STARKE $275,665 $352,950 $426,625 $530,150
STEUBEN $275,665 $352,950 $426,625 $530,150
   ANGOLA, IN
SULLIVAN $275,665 $352,950 $426,625 $530,150
   TERRE HAUTE, IN
SWITZERLAND $275,665 $352,950 $426,625 $530,150
TIPPECANOE $275,665 $352,950 $426,625 $530,150
   LAFAYETTE-WEST LAFAYETTE, IN
TIPTON $275,665 $352,950 $426,625 $530,150
   NON-METRO
UNION $275,665 $352,950 $426,625 $530,150
   CINCINNATI, OH-KY-IN
VANDERBURGH $275,665 $352,950 $426,625 $530,150
   EVANSVILLE, IN-KY
VERMILLION $275,665 $352,950 $426,625 $530,150
   TERRE HAUTE, IN
VIGO $275,665 $352,950 $426,625 $530,150
   TERRE HAUTE, IN
WABASH $275,665 $352,950 $426,625 $530,150
   WABASH, IN
WARREN $275,665 $352,950 $426,625 $530,150
WARRICK $275,665 $352,950 $426,625 $530,150
   EVANSVILLE, IN-KY
WASHINGTON $299,000 $382,750 $462,650 $575,000
   LOUISVILLE/JEFFERSON , KY-IN
WAYNE $275,665 $352,950 $426,625 $530,150
   RICHMOND, IN
WELLS $275,665 $352,950 $426,625 $530,150
   FORT WAYNE, IN
WHITE $275,665 $352,950 $426,625 $530,150
WHITLEY $275,665 $352,950 $426,625 $530,150
   FORT WAYNE, IN