Indiana VA Home Loan Limits

indiana va limit

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 38th largest by area and the 16th 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.


Indiana Military Short Sale Assistance:

If you own property in Indiana and require short sale assistance with a VA loan, complete the form below or call 888-573-4496. Short sale assistance means no cost to you, as a homeowner, as well as no impact on your security clearance and minimal credit score impact, as long as you’re current on your loan. After a short sale, veterans and service members do have the ability to re-use their VA benefit for the purchase of another home.


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 2017, $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 VA Home Loan Limit $424,100
  2. Allen County VA Home Loan Limit $424,100
  3. Bartholomew County VA Home Loan Limit $424,100
  4. Benton County VA Home Loan Limit $424,100
  5. Blackford County VA Home Loan Limit $424,100
  6. Boone County VA Home Loan Limit $424,100
  7. Brown County VA Home Loan Limit $424,100
  8. Carroll County VA Home Loan Limit $424,100
  9. Cass County VA Home Loan Limit $424,100
  10. Clark County VA Home Loan Limit $424,100
  11. Clay County VA Home Loan Limit $424,100
  12. Clinton County VA Home Loan Limit $424,100
  13. Crawford County VA Home Loan Limit $424,100
  14. Daviess County VA Home Loan Limit $424,100
  15. DeKalb County VA Home Loan Limit $424,100
  16. Dearborn County VA Home Loan Limit $424,100
  17. Decatur County VA Home Loan Limit $424,100
  18. Delaware County VA Home Loan Limit $424,100
  19. Dubois County VA Home Loan Limit $424,100
  20. Elkhart County VA Home Loan Limit $424,100
  21. Fayette County VA Home Loan Limit $424,100
  22. Floyd County VA Home Loan Limit $424,100
  23. Fountain County VA Home Loan Limit $424,100
  24. Franklin County VA Home Loan Limit $424,100
  25. Fulton County VA Home Loan Limit $424,100
  26. Gibson County VA Home Loan Limit $424,100
  27. Grant County VA Home Loan Limit $424,100
  28. Greene County VA Home Loan Limit $424,100
  29. Hamilton County VA Home Loan Limit $424,100
  30. Hancock County VA Home Loan Limit $424,100
  31. Harrison County VA Home Loan Limit $424,100
  32. Hendricks County VA Home Loan Limit $424,100
  33. Henry County VA Home Loan Limit $424,100
  34. Howard County VA Home Loan Limit $424,100
  35. Huntington County VA Home Loan Limit $424,100
  36. Jackson County VA Home Loan Limit $424,100
  37. Jasper County VA Home Loan Limit $424,100
  38. Jay County VA Home Loan Limit $424,100
  39. Jefferson County VA Home Loan Limit $424,100
  40. Jennings County VA Home Loan Limit $424,100
  41. Johnson County VA Home Loan Limit $424,100
  42. Knox County VA Home Loan Limit $424,100
  43. Kosciusko County VA Home Loan Limit $424,100
  44. La Porte County VA Home Loan Limit $424,100
  45. Lagrange County VA Home Loan Limit $424,100
  46. Lake County VA Home Loan Limit $424,100
  47. Lawrence County VA Home Loan Limit $424,100
  48. Madison County VA Home Loan Limit $424,100
  49. Marion County VA Home Loan Limit $424,100
  50. Marshall County VA Home Loan Limit $424,100
  51. Martin County VA Home Loan Limit $424,100
  52. Miami County VA Home Loan Limit $424,100
  53. Monroe County VA Home Loan Limit $424,100
  54. Montgomery County VA Home Loan Limit $424,100
  55. Morgan County VA Home Loan Limit $424,100
  56. Newton County VA Home Loan Limit $424,100
  57. Noble County VA Home Loan Limit $424,100
  58. Ohio County VA Home Loan Limit $424,100
  59. Orange County VA Home Loan Limit $424,100
  60. Owen County VA Home Loan Limit $424,100
  61. Parke County VA Home Loan Limit $424,100
  62. Perry County VA Home Loan Limit $424,100
  63. Pike County VA Home Loan Limit $424,100
  64. Porter County VA Home Loan Limit $424,100
  65. Posey County VA Home Loan Limit $424,100
  66. Pulaski County VA Home Loan Limit 424,100
  67. Putnam County VA Home Loan Limit $424,100
  68. Randolph County VA Home Loan Limit $424,100
  69. Ripley County VA Home Loan Limit $424,100
  70. Rush County VA Home Loan Limit $424,100
  71. Scott County VA Home Loan Limit $424,100
  72. Shelby County VA Home Loan Limit $424,100
  73. Spencer County VA Home Loan Limit $424,100
  74. St Joseph County VA Home Loan Limit $424,100
  75. Starke County VA Home Loan Limit $424,100
  76. Steuben County VA Home Loan Limit $424,100
  77. Sullivan County VA Home Loan Limit $424,100
  78. Switzerland County VA Home Loan Limit 424,100
  79. Tippecanoe County VA Home Loan Limit $424,100
  80. Tipton County VA Home Loan Limit $424,100
  81. Union County VA Home Loan Limit $424,100
  82. Vanderburgh County VA Home Loan Limit $424,100
  83. Vermillion County VA Home Loan Limit $424,100
  84. Vigo County VA Home Loan Limit $424,100
  85. Wabash County VA Home Loan Limit $424,100
  86. Warren County VA Home Loan Limit $424,100
  87. Warrick County VA Home Loan Limit $424,100
  88. Washington County VA Home Loan Limit $424,100
  89. Wayne County VA Home Loan Limit $424,100
  90. Wells County VA Home Loan Limit $424,100
  91. White County VA Home Loan Limit $424,100
  92. Whitley County VA Home Loan Limit $424,100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Apply For Va Home Loan Assistance

Step 1
Step 2
Step 3
Step 4
By Clicking “Get Started”, You agree to our Terms of Service and Privacy Policy
Get Started loading
Continue loading
Is There A CoBorrower?
Yes No
Continue loading
Continue loading