Areas We Serve

Griffin Funding is a proud VA home loan lender in Indiana, dedicated to serving veterans throughout the state. Whether you are in a bustling urban area or a rural community, we can assist you with your VA home loan needs. Some of the major cities we serve include:

  • Indianapolis
  • Fort Wayne
  • Evansville
  • South Bend
  • Carmel
  • Bloomington
  • Hammond
  • Gary
  • Lafayette
  • Muncie

Griffin Funding offers VA loans to veterans throughout Indiana, ensuring they receive the benefits they deserve no matter where they are in the state.

How Do VA Loans Work in Indiana?

VA purchase loan is a type of mortgage that the U.S. Department of Veterans Affairs guarantees. This loan program assists veterans, active-duty service members, and eligible surviving spouses in Indiana in acquiring, constructing, repairing, retaining, or modifying a home.

The VA loan timeline involves several key steps: obtaining a Certificate of Eligibility (COE) and pre-approval, house hunting with a real estate agent, making an offer and negotiating terms, undergoing a VA appraisal and underwriting, and, finally, closing on the new home.

VA Loan Limits in Indiana

For borrowers with full entitlement, VA loan limits do not apply. These limits are only relevant if you have partial entitlement. In Indiana, VA loan limits represent the maximum loan amount the VA will guarantee without requiring a down payment. These limits vary depending on the county and the local cost of living.

For 2024, the VA loan limit for a single-family home in Indiana is set at $726,200. This limit enables veterans to buy homes without needing a substantial down payment, aligning with the housing market and cost of living in Indiana.

Pros and Cons of VA Loans

Some things to consider when deciding to go with a VA loans in Indiana include:


  • No down payment: Most VA loans don’t require a down payment, making the homeownership process smoother and more accessible.
  • Competitive interest rates: VA loans typically offer lower interest rates compared to conventional loans, making it easier for prospective buyers to secure a favorable rate.
  • No private mortgage insurance (PMI): Unlike other loan types, VA loans do not require PMI, which can potentially save borrowers a significant amount of money.
  • Flexible credit requirements: VA loans have more lenient credit requirements, making it easier for individuals with lower credit scores to qualify.


  • Funding fees: VA loans require a funding fee, which can be a significant upfront cost, although it can be rolled into the loan amount.
  • Primary residence requirement: VA loans are intended to be used for primary residences, not for investment properties or second homes.
  • Property condition requirements: The home must meet specific safety and livability standards, which can sometimes complicate the buying process for older or fixer-upper homes.

Types of VA Home Loans We Offer

There’s not a one-size-fits-all when it comes to VA home loans in Indiana. Griffin Funding offers various types of VA home loans to meet the diverse needs of Indiana’s veterans. Here’s a breakdown of the different Indiana VA loan types available:

  • VA Purchase Loan: This VA loan type is the most prevalent and is intended for buying a new home. Its advantages include zero down payment, no requirement for private mortgage insurance (PMI), and favorable interest rates.
  • VA Streamline Refinance (IRRRL): The Interest Rate Reduction Refinance Loan (IRRRL) provides an opportunity for homeowners with VA loans to refinance to a lower interest rate, requiring less paperwork and offering reduced costs.
  • VA Cash-Out Refinance: This loan option lets veterans refinance their current mortgage and tap into their home’s equity for cash, which can be used for renovations, debt consolidation, or other financial purposes.

Indiana VA Home Loan Requirements

To be eligible for a VA loan in Indiana, applicants need to fulfill several specific criteria:

  • Service status: To qualify, veterans need to have served a specified minimum duration of active duty, which varies by service period. Additionally, active duty members and eligible National Guard and Reserve members can also qualify.
  • Credit and income limits: Although VA loans have more flexible credit criteria, a minimum credit score and a stable income are required to prove the ability to repay the loan.
  • Certificate of Eligibility (COE): Applicants need to secure a Certificate of Eligibility (COE) to confirm to lenders that they meet the service requirements for a VA loan.
  • Property specifications: The purchased home must be the primary residence and adhere to certain safety and livability criteria.

Another widely used loan option is the Indiana DSCR loan, primarily for commercial real estate investments. This type of loan determines the loan amount based on the property’s capacity to generate sufficient income to cover its debt payments.

By understanding these requirements and options, Indiana veterans and service members can make informed decisions about their home financing needs.

Work With a Leading VA Home Loan Lender in Indiana

Griffin Funding is devoted to helping Indiana’s veterans and service members make the most of VA loan benefits. With our knowledge and dedication, we streamline the process, allowing you to focus on finding your perfect home

When starting your journey to purchase a home, it’s important to explore the various loan options available. VA loans are particularly advantageous for eligible buyers, offering benefits like zero down payment and no requirement for private mortgage insurance (PMI)

When you work with Griffin Funding, this means you have a reliable ally in obtaining your VA loan and achieving your dream of homeownership. Griffin Funding supports veterans across Indiana, whether you’re in urban centers or rural locations. With the Griffin Gold app, you can access numerous resources, upload loan documents, and more. Our services simplify the home buying process for veterans, making it far less daunting than navigating it alone.

Begin your journey to owning your dream home in Indiana by partnering with Griffin Funding today to start your VA loan application!