FHA Loan Limits in Boone County, Indiana (2026)
Buying in Boone County or elsewhere in Boone County? The 2026 FHA single-family limit across the county is $541,287. That matches the national FHA floor used across most of the Midwest.
| Property Type | 2026 FHA Loan Limit |
|---|---|
| One-unit (single family) | $541,287 |
| Two-unit (duplex) | $692,997 |
| Three-unit (triplex) | $837,720 |
| Four-unit (fourplex) | $1,041,072 |
Every community in Boone County — Boone County — shares the same 2026 FHA limits shown above, which differ from those in adjacent Marion and Hamilton Counties.
FHA affordability around Boone County
Homes around Boone County carry an estimated local median near $268,000, so an FHA buyer in Boone County puts down about $9,380 (3.5%). With Indiana's 0.84% effective property-tax rate, the all-in payment runs near $2,043 a month — comfortable on household income around $79,000, above Indiana's $67,173 median household income, so budget carefully.
FHA payment scenarios in Boone County
FHA payments across Boone County price points — from entry homes near Boone County to the county's FHA limit (3.5% down, 6.25% sample rate):
| Purchase Price | Down (3.5%) | Est. Monthly Payment |
|---|---|---|
| Entry-level — $193,000 | $6,755 | $1,504 |
| Local median — $268,000 | $9,380 | $2,043 |
| At the FHA limit — $541,287 | $18,945 | $4,007 |
Estimates include FHA MIP plus Indiana property taxes and insurance. Rates move daily near Boone County too — get notified.
Buyers across Boone County pair FHA with local down-payment assistance to keep upfront cash low — often turning the $9,380 down payment near Boone County into little out of pocket.
Multi-unit FHA limits in Boone County
Boone County's 2026 multi-unit FHA limits reach $692,997 (duplex), $837,720 (triplex), and $1,041,072 (fourplex) — so a buyer in Boone County can live in one unit and rent the rest to offset the mortgage.
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Frequently Asked Questions
- What is the FHA loan limit in Boone County for 2026?
- In Boone County (Boone County), the 2026 FHA limit is $541,287 for one unit, $692,997 for a duplex, $837,720 for a triplex, and $1,041,072 for a fourplex.
- What income do I need to buy in Boone County with FHA?
- For a median-priced ($268,000) Boone County home, plan on income around $79,000 at a 31% housing ratio — about $2,043/month including taxes, insurance, and MIP.
- How much is the FHA down payment in Boone County?
- 3.5% with a 580+ score — roughly $9,380 on a $268,000 Boone County-area home. Gift funds are allowed.
- Is Boone County a high-cost FHA area?
- No — Boone County uses the $541,287 national floor for one unit.