Indiana VA Home Loan Limits

Migratory tribes of indigenous people inhabited the Midwestern State of Indiana perhaps as early as 8000 BC. Multiple tribes succeeded each other in terms of regional dominance for thousands of years. The mound-building cultures of the area, also known as Mississippian culture had become prominent at the time of first contact with European explorers. In the 1670’s, the area was claimed as a territory for the Kingdom of France. The claim was relatively meaningless as France established virtually no settlement in the area. Following their defeat at the hands of Great Britain during the Seven Years War, Indiana became a territory of the crown, before being ceded to the United States at the conclusion of the Revolutionary War. Indiana was named the nineteenth state of America in 1816. Largely a frontier, the area was transformed following statehood with the construction of roads, canals, the railroads and state-funded public schools. Today, the state is home to 6,570,902 residents.

The state is the 38^th largest by area and the 16^th most populous. Indianapolis is both the capital and largest city in the state. Additionally, there are a number of other metropolitan areas that serve as a draw for residents, including Fort Wayne, Evansville, and Bloomington. As of 2012, 70 percent of state residents live in metropolitan areas. The economy is reliant on manufacturing, and the state is home to the headquarters of the pharmaceutical company Eli Lilly as well as Mead Johnson Nutritionals. Indiana is the fifth largest of all states in terms of sales and shipments of pharmaceutical products. Located on the Corn and Grain Belt, Indiana is a major agricultural distributor. Cash crops and exports include corn, soybeans, dairy, melons, tomatoes, grapes, mint, and tobacco. Because of the large woodland area in the southern portion of the state, a fairly large furniture making sector of the economy exists.

The average home cost in Indiana is $115,000. In the past twelve months, home appreciation was one percent. Cost of living in Indiana is 14 percent below the American average. Unemployment is also lower by nearly a full percent in Indiana than the U.S. average.

There are two military bases in the state: Grissom Air Reserve Base and the Naval Surface Warfare Center Crane Division. There are nearly 500,000 veterans living in Indiana. The property tax exemption is available to certain veterans. The exemption is up to $37,440 if they are 100 percent disabled or is over the age of 62 and are suffering from a disability of ten percent or greater.

A veteran who purchases property in the state of Indiana using a VA home loan is not required to have a termite inspection.

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Indiana VA Home Loan Limits

NOTE: The following is for information purposes only.

To find out the exact dollar amount you qualify for, call the VA Home Loan Centers Applications Support Desk at 888-573-4496 or fill out the VA Home Loan Application located here.

The loan limits below are the maximum 2021, $0 down VA loan amount set for each county. Although there is no maximum loan amount, the maximum no money down VA home loan limits are stated as follows.

1. Adams County: $548,250
2. Allen County: $548,250
3. Bartholomew County: $548,250
4. Benton County: $548,250
5. Blackford County: $548,250
6. Boone County: $548,250
7. Brown County: $548,250
8. Carroll County: $548,250
9. Cass County: $548,250
10. Clark County: $548,250
11. Clay County: $548,250
12. Clinton County: $548,250
13. Crawford County: $548,250
14. Daviess County: $548,250
15. DeKalb County: $548,250
16. Dearborn County: $548,250
17. Decatur County: $548,250
18. Delaware County: $548,250
19. Dubois County: $548,250
20. Elkhart County: $548,250
21. Fayette County: $548,250
22. Floyd County: $548,250
23. Fountain County: $548,250
24. Franklin County: $548,250
25. Fulton County: $548,250
26. Gibson County: $548,250
27. Grant County: $548,250
28. Greene County: $548,250
29. Hamilton County: $548,250
30. Hancock County: $548,250
31. Harrison County: $548,250
32. Hendricks County: $548,250
33. Henry County: $548,250
34. Howard County: $548,250
35. Huntington County: $548,250
36. Jackson County: $548,250
37. Jasper County: $548,250
38. Jay County: $548,250
39. Jefferson County: $548,250
40. Jennings County: $548,250
41. Johnson County: $548,250
42. Knox County: $548,250
43. Kosciusko County: $548,250
44. La Porte County: $548,250
45. Lagrange County: $548,250
46. Lake County: $548,250
47. Lawrence County: $548,250
48. Madison County: $548,250
49. Marion County: $548,250
50. Marshall County: $548,250
51. Martin County: $548,250
52. Miami County: $548,250
53. Monroe County: $548,250
54. Montgomery County: $548,250
55. Morgan County: $548,250
56. Newton County: $548,250
57. Noble County: $548,250
58. Ohio County: $548,250
59. Orange County: $548,250
60. Owen County: $548,250
61. Parke County: $548,250
62. Perry County: $548,250
63. Pike County: $548,250
64. Porter County: $548,250
65. Posey County: $548,250
66. Pulaski County: $548,250
67. Putnam County: $548,250
68. Randolph County: $548,250
69. Ripley County: $548,250
70. Rush County: $548,250
71. Scott County: $548,250
72. Shelby County: $548,250
73. Spencer County: $548,250
74. St Joseph County: $548,250
75. Starke County: $548,250
76. Steuben County: $548,250
77. Sullivan County: $548,250
78. Switzerland County: $548,250
79. Tippecanoe County: $548,250
80. Tipton County: $548,250
81. Union County: $548,250
82. Vanderburgh County: $548,250
83. Vermillion County: $548,250
84. Vigo County: $548,250
85. Wabash County: $548,250
86. Warren County: $548,250
87. Warrick County: $548,250
88. Washington County: $548,250
89. Wayne County: $548,250
90. Wells County: $548,250
91. White County: $548,250
92. Whitley County: $548,250