FHA Loan Limits in Madison County, Indiana (2026)
Buying in Madison County or elsewhere in Madison 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 |
These 2026 limits apply throughout Madison County, from Madison County outward, and sit alongside the limits set for neighboring Marion and Hamilton Counties.
FHA affordability around Madison County
With Madison County's median sale price estimated near $272,000 (think Madison County), the FHA down payment is roughly $9,520. Factoring Indiana property taxes near 0.84%, expect about $2,072 monthly, pointing to income near $80,000 — above Indiana's $67,173 median household income, so budget carefully.
FHA payment scenarios in Madison County
Here is what an FHA payment looks like at three Madison County budgets, all with 3.5% down at a 6.25% example rate:
| Purchase Price | Down (3.5%) | Est. Monthly Payment |
|---|---|---|
| Entry-level — $196,000 | $6,860 | $1,526 |
| Local median — $272,000 | $9,520 | $2,072 |
| At the FHA limit — $541,287 | $18,945 | $4,007 |
Estimates include FHA MIP plus Indiana property taxes and insurance. Rates move daily near Madison County too — get notified.
In Madison County and the surrounding Madison County market, FHA's appeal is the math: $9,520 down on a $272,000 home, credit accepted from 580, and assistance programs that can cover closing costs.
Multi-unit FHA limits in Madison County
Looking at a duplex or fourplex near Madison County? FHA allows up to $692,997 on two units and $1,041,072 on four in Madison County, with the same low 3.5% down for owner-occupants.
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Frequently Asked Questions
- What is the FHA loan limit in Madison County for 2026?
- In Madison County (Madison 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 Madison County with FHA?
- For a median-priced ($272,000) Madison County home, plan on income around $80,000 at a 31% housing ratio — about $2,072/month including taxes, insurance, and MIP.
- How much is the FHA down payment in Madison County?
- 3.5% with a 580+ score — roughly $9,520 on a $272,000 Madison County-area home. Gift funds are allowed.
- Is Madison County a high-cost FHA area?
- No — Madison County uses the $541,287 national floor for one unit.