Skip to content
Purchase Mortgage Loan
Get Pre-Approved

FHA loans in Bloomington, IN

Quick answer

The 2026 FHA loan limit in Bloomington, IN (Monroe County) is $541,287 for a single-family home, enough for a purchase price up to about $560,000 with 3.5% down. On the $289,700 median home value, that down payment is about $10,140 and the estimated payment is $2,339/month at 7.18%, which needs roughly $101,000 a year in income.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $48,918; value-to-income ratio 5.92. Bloomington ranks 14 by home value and 7 by population among 85 places in our IN dataset.

What does an FHA loan cost on a typical Bloomington home?

ItemBloomington
Median home value (Census ACS)$289,700
Indiana median home value$201,600
Down payment (3.5%)$10,140
Loan incl. 1.75% upfront MIP$284,453
Estimated monthly payment (PITI + MI)$2,339
Income needed (28% / 36%)$101,000 / $78,000
Monroe County 2026 FHA limit (1 unit)$541,287
Max purchase price at the limit$560,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Indiana's 0.74% effective property tax rate (Census ACS), $1,259/yr homeowners insurance (NAIC state average) and 0.55% annual FHA MIP.

What is the 2026 FHA loan limit in Bloomington?

Bloomington is in Monroe County where HUD's 2026 one-unit FHA limit is $541,287. With the minimum 3.5% down, that caps the purchase price at about $560,000; above that you'd need a bigger down payment or a conventional loan (conforming limit $832,750).

The Bloomington median home value of $289,700 is 44% above the Indiana median, and within what the county limit supports.

Which down payment assistance programs can Bloomington buyers use?

No applicable programs have been verified for this city yet. Check the state housing finance agency for current assistance.

FHA loans in nearby cities

MartinsvilleBedfordBargersvilleColumbusFranklinSeymour

FHA loan FAQs for Bloomington

Bloomington is in Monroe County, where HUD's 2026 FHA limit for a one-unit home is $541,287. With 3.5% down, that supports a purchase price up to about $560,000.

3.5% of $289,700 is about $10,140 with a 580+ credit score (10%, or $28,970, with a 500–579 score), plus closing costs.

At the $289,700 median value (above the Indiana median of $201,600), the estimated payment of $2,339/month at 7.18% needs about $101,000 a year under the 28% housing guideline, or $78,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 0 statewide programs are verified for this city (0 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

Get matched with FHA lenders in Bloomington

Answer a few quick questions and get matched with purchase mortgage lenders in your area. Free, and it won't affect your credit score.

Get My Matches

Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.