In Indiana, home buyers typically spend 2% to 5% of the home’s purchase price on closing costs. These costs can vary based on location, lender fees, and loan type.

For a $250,000 home, expect to budget around $5,000 to $12,500 for closing costs.

You will receive your closing costs from your Home Loan Specialist in a Loan Estimate that you will receive after you apply for your home loan and in the Closing Disclosure document that is provided before your official closing day.

Indiana home buyers have several popular mortgage options depending on their financial situation and homeownership goals:

• Conventional loans – Widely used in Indiana, these loans typically require higher credit scores but offer competitive interest rates and flexible terms.

• FHA loans – Popular among first-time homebuyers in Indiana, FHA loans allow for lower down payments and more flexible credit requirements.

• VA loans – A top choice for Indiana veterans and active-duty service members, VA loans offer zero down payment and no private mortgage insurance.

• USDA loans – Common in Indiana’s rural areas, USDA loans offer 100% financing for eligible properties and borrowers.

Indiana features several high-performing public school districts, especially in suburban areas known for strong academics, college prep, and overall student achievement.

• Carmel Clay Schools consistently rank among the top districts in the Indianapolis metro area, earning A+ grades for academics and college readiness.

• Zionsville Community Schools also receive A+ ratings, with strong academic competition and engaged teaching staff. 

• Brownsburg Community Schools shines for its well-rounded programs and community connection. 

• Statewide rankings from Niche include other top districts such as Avon, Westfield‑Washington, North Montgomery, and Plainfield.

For detailed school ratings, test scores, and graduation rates, check the Indiana Graduates Prepared to Succeed (GPS) dashboard on the Indiana Department of Education website.