FHA Loan Indiana | Extreme Loans
Looking for an FHA loan in Indiana? Extreme Loans makes it simple. Whether you’re buying your first home in Indianapolis, refinancing in Fort Wayne, or settling down in Evansville, South Bend, or Carmel, our FHA loan specialists will walk you through every step — honestly, quickly, and without the runaround. With a minimum 3.5% down payment and flexible credit guidelines, FHA loans open the door to homeownership for thousands of Indiana buyers every year.
What Is an FHA Loan?
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. Because the FHA guarantees a portion of each loan, lenders like Extreme Loans can offer more flexible qualification standards — including lower down payments and more lenient credit score requirements — than conventional loans typically allow. This makes FHA loans one of the most popular mortgage programs in Indiana, especially for first-time homebuyers and borrowers rebuilding their credit.
Who Qualifies for an FHA Loan in Indiana?
FHA loans are designed for a wide range of borrowers. You may qualify if you:
- Have a credit score of 580+ (3.5% down) or 500–579 (10% down)
- Have a debt-to-income (DTI) ratio under 57%
- Are purchasing or refinancing a primary residence
- Have at least two years of steady employment history
- Are a U.S. citizen, permanent resident, or eligible non-citizen
FHA Loan Requirements
- Down payment: As low as 3.5% with a 580+ credit score
- Mortgage insurance premium (MIP): Upfront MIP of 1.75% of the loan amount + annual MIP
- Loan limits (Indiana 2025): Up to $524,225 in most Indiana counties
- Property condition: Must meet FHA minimum property standards
- Primary residence only: FHA loans are for owner-occupied homes
Indiana-Specific Details
Indiana’s housing market is strong and affordable relative to national averages, making FHA loans a smart choice for buyers in cities like Indianapolis, Fort Wayne, Evansville, South Bend, and Carmel. Indiana’s median home price stays well within FHA loan limits in most counties, giving buyers access to the full FHA program without restriction. Extreme Loans is licensed in Indiana (NMLS #63181) and familiar with local market conditions, county-specific appraisal trends, and Indiana’s title and closing requirements.
FHA Streamline Refinance in Indiana
Already have an FHA loan in Indiana? The FHA Streamline Refinance lets you lower your rate and monthly payment with minimal paperwork — no new appraisal required in most cases. It’s one of the fastest and easiest refinance options available. If you want to reduce your rate and keep your loan FHA-backed, this is the path. Call us at 844-CLOSE-FAST and we’ll tell you exactly what you qualify for in minutes.
Why Choose Extreme Loans for Your Indiana FHA Loan?
- Extremely Honest: No surprises at closing. We walk you through every number upfront.
- Extremely Fast: We close most FHA loans in 14 days or less — dial 844-CLOSE-FAST and you’ll see why.
- Extremely Easy: In-house processing and underwriting means fewer delays and one point of contact from start to finish.
- Over 1,600 Google reviews from real borrowers across Indiana and 32 other states.
- Licensed in Indiana (NMLS #63181) and nationwide.
Also explore our FHA Loan Michigan and VA Loan Michigan pages to see how we help borrowers across the region.
Frequently Asked Questions — FHA Loans in Indiana
What is the minimum credit score for an FHA loan in Indiana?
The FHA minimum is 500. With a 580+ score you qualify for the 3.5% down payment option. Extreme Loans works with borrowers across a wide range of credit profiles — call us if you’re unsure where you stand.
Can I use an FHA loan to buy a home in Indianapolis?
Yes. Indianapolis and most Indiana counties fall well within the 2025 FHA loan limits. An Extreme Loans mortgage banker can confirm the exact limit for your target county in minutes.
How long does FHA loan approval take with Extreme Loans?
We close most FHA loans in 14 days from completed application. Our in-house underwriting eliminates third-party delays that slow down other lenders.
Can I refinance my current mortgage into an FHA loan in Indiana?
Yes. If you already have an FHA loan, the FHA Streamline Refinance is fast and low-documentation. If your current loan is conventional, you can refinance into an FHA loan as well. We’ll compare both options and show you the real numbers.
Does Extreme Loans charge higher rates for FHA loans?
No. We offer competitive FHA rates with full transparency. Because every borrower’s situation is different, the best rate depends on your credit, loan size, and LTV — we’ll show you exactly what you qualify for before you commit to anything.
Extreme Loans | NMLS #63181 | 29444 Northwestern Hwy. Ste. 100, Southfield, MI 48034 | Equal Housing Lender