Indiana VA Loans
Deciding to purchase a house in Indiana is a huge financial decision, but with the unique benefits provided by the VA loan, your dream of homeownership just got that much easier.
With the average listing price of a home in Indiana landing at $287,643 the VA loan’s signature $0-money-down benefit is a considerable advantage for Indiana homebuyers.
See also: VA Loan Options for Other States
How to get a VA Loan in Indiana
VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Because private lenders make the loans and not the VA, you need to find a lender licensed in the state you plan to purchase or refinance.
For example, if you're purchasing a home in Evansville, IN, you'll need to find a lender licensed in Indiana to do the loan.
Other Considerations for Getting a VA Loan in Indiana
VA borrowers in Indiana should also consider the cost and impact of VA loan limits and property taxes when making their home purchase.
Indiana VA Loan Limits
As of January 1, 2020, VA borrowers in Indiana with their full VA loan entitlement are not restricted by VA loan limits. This means you can borrow as much as a lender is willing to lend without needing a down payment.
However, veterans without their full VA loan entitlement are still bound to Indiana’s VA loan limits.
As of January 1, 2024, VA loan limits for all counties in Indiana are $766,550.
Property Taxes in Indiana
Another consideration for VA buyers in Indiana is property taxes. For certain VA buyers, there are exemptions.
You may be eligible for a property tax exemption in Indiana if you meet one of the following conditions:
- If you are a 100% disabled veteran as a result of service, you may receive a property tax exemption of up to $24,960.
- If you are 10% disabled or more due to serving and the age of 62 or older, you may receive a property tax exemption of up to $24,960.
If you are required to pay property tax in Indiana, the American Community Survey by the U.S. Census Bureau estimates you may pay the following in each county:
| County | Property Tax Rate |
|---|---|
| Adams County | 0.77% |
| Allen County | 0.93% |
| Bartholomew County | 0.89% |
| Benton County | 0.71% |
| Blackford County | 0.86% |
| Boone County | 0.93% |
| Brown County | 0.52% |
| Carroll County | 0.60% |
| Cass County | 0.78% |
| Clark County | 0.84% |
| Clay County | 0.46% |
| Clinton County | 0.74% |
| Crawford County | 0.97% |
| Daviess County | 0.79% |
| Dearborn County | 0.84% |
| Decatur County | 0.68% |
| DeKalb County | 0.76% |
| Delaware County | 0.91% |
| Dubois County | 0.78% |
| Elkhart County | 0.91% |
| Fayette County | 0.83% |
| Floyd County | 0.80% |
| Fountain County | 0.63% |
| Franklin County | 0.63% |
| Fulton County | 0.58% |
| Gibson County | 0.81% |
| Grant County | 0.64% |
| Greene County | 0.79% |
| Hamilton County | 0.97% |
| Hancock County | 0.87% |
| Harrison County | 0.60% |
| Hendricks County | 0.98% |
| Henry County | 0.81% |
| Howard County | 0.70% |
| Huntington County | 0.83% |
| Jackson County | 0.62% |
| Jasper County | 0.47% |
| Jay County | 0.63% |
| Jefferson County | 0.73% |
| Jennings County | 0.76% |
| Johnson County | 0.90% |
| Knox County | 0.79% |
| Kosciusko County | 0.65% |
| LaGrange County | 0.56% |
| Lake County | 1.13% |
| LaPorte County | 0.92% |
| Lawrence County | 0.74% |
| Madison County | 0.95% |
| Marion County | 1.03% |
| Marshall County | 0.71% |
| Martin County | 0.56% |
| Miami County | 0.51% |
| Monroe County | 0.79% |
| Montgomery County | 0.41% |
| Morgan County | 0.50% |
| Newton County | 0.82% |
| Noble County | 0.67% |
| Ohio County | 0.56% |
| Orange County | 0.62% |
| Owen County | 0.77% |
| Parke County | 0.49% |
| Perry County | 0.76% |
| Pike County | 0.83% |
| Porter County | 0.98% |
| Posey County | 0.69% |
| Pulaski County | 0.43% |
| Putnam County | 0.64% |
| Randolph County | 0.84% |
| Ripley County | 0.61% |
| Rush County | 0.72% |
| St. Joseph County | 1.00% |
| Scott County | 0.87% |
| Shelby County | 0.79% |
| Spencer County | 0.63% |
| Starke County | 0.71% |
| Steuben County | 0.59% |
| Sullivan County | 0.65% |
| Switzerland County | 0.55% |
| Tippecanoe County | 0.75% |
| Tipton County | 0.74% |
| Union County | 0.77% |
| Vanderburgh County | 0.92% |
| Vermillion County | 0.79% |
| Vigo County | 1.01% |
| Wabash County | 0.46% |
| Warren County | 0.56% |
| Warrick County | 0.73% |
| Washington County | 0.67% |
| Wayne County | 0.90% |
| Wells County | 0.53% |
| White County | 0.60% |
| Whitley County | 0.77% |
How VA Loans Work in Indiana
View the graphic below to learn more about how VA loans work in Indiana.
