September 2026 HUD file
HUD-insured apartment loans in Indiana
368 properties with 49,020 units carry FHA-insured mortgages in Indiana, with $2.5 billion still owed. The median note rate is 3.38%, and 279 of them are below 4%.
368insured loans
3.38%median note rate
$2.5 billionbalance outstanding
5.54%median on loans endorsed in the last 12 months, all states
By program
| 223(f) purchase or refinance | 275 |
|---|---|
| 221(d)(4) construction or substantial rehab | 23 |
| 223(a)(7) refinance | 68 |
| 241(a) supplemental | 1 |
| Older and other programs | 1 |
Lowest rates with 10+ years left
These are the loans a buyer would most want to assume. Open one for the payment math.
| Property | City | Units | Rate | Balance | Matures |
|---|---|---|---|---|---|
| River Stone Apartments I& II | Columbus | 424 | 2.1% | $35.1 million | 2055 |
| River Ridge I | Indianapolis | 202 | 2.12% | $8.5 million | 2047 |
| Trailside Flats | West Lafayette | 195 | 2.14% | $15.0 million | 2055 |
| River Ridge II | Indianapolis | 66 | 2.15% | $4.0 million | 2052 |
| River Crossing at Keystone | Indianapolis | 314 | 2.18% | $15.2 million | 2047 |
| Castleton Manor Apartments | Indianapolis | 220 | 2.22% | $19.8 million | 2056 |
| Slate Run Apartments | Indianapolis | 123 | 2.22% | $7.7 million | 2055 |
| Woodlake Village | Gary | 498 | 2.23% | $19.5 million | 2056 |
| Concord Commons | Gary | 354 | 2.23% | $14.0 million | 2056 |
| Hilltop Ridge | Peru | 96 | 2.24% | $4.2 million | 2056 |
| Ashbury Apartments | Kokomo | 160 | 2.24% | $3.0 million | 2047 |
| Stonegate Apartments | Carmel | 200 | 2.25% | $7.3 million | 2047 |
| Williamsburg on the Lake Valparaiso | Valparaiso | 150 | 2.25% | $3.2 million | 2047 |
| Redwood Whitestown (woodlands)-Phase I | Whitestown | 93 | 2.27% | $12.4 million | 2056 |
| Parkview Rental Townhomes | Columbus | 140 | 2.27% | $10.9 million | 2056 |
Filter every state in the assumable-loan finder
Paying off within five years
Most HUD loans amortize to zero, so these balances are usually small. The owners are deciding what to do with a nearly paid-off property.
| Property | City | Units | Rate | Balance | Matures |
|---|---|---|---|---|---|
| Castlebury Apts | Greencastle | 108 | 2.69% | $111,073 | 2027 |
| Cloverdale Heights Two | Crawfordsville | 180 | 2.81% | $114,912 | 2027 |
| Arrowhead Estates Phase II | Peru | 44 | 3.4% | $47,458 | 2027 |
| Spring Hill Apartments I | Mooresville | 80 | 2.25% | $123,633 | 2028 |
| Country Wood | Versailles | 56 | 2.79% | $136,405 | 2028 |
| Windridge Apartments | Madison | 100 | 4% | $299,250 | 2028 |
| Chauncey Village Apts | Lafayette | 204 | 3.35% | $955,043 | 2030 |
| Cambridge Square of Laporte | La Porte | 134 | 3.5% | $433,863 | 2030 |
| Presidential Estates I | Madison | 96 | 3.15% | $155,388 | 2030 |
| Spring Hill II Apts | Mooresville | 80 | 2.25% | $404,725 | 2031 |
By city
- Indianapolis 95
- Fort Wayne 16
- Lafayette 13
- Evansville 11
- Gary 10
- South Bend 10
- Columbus 9
- Richmond 8
- Greenwood 7
- Anderson 6
- Carmel 6
- Elkhart 6
- Mishawaka 6
- Noblesville 6
- Fishers 5
- Kokomo 5
- Marion 5
- Beech Grove 4
- Greenfield 4
- Hammond 4
- Logansport 4
- Madison 4
- Merrillville 4
- Muncie 4
- Plainfield 4
- Shelbyville 4
- Warsaw 4
- Westfield 4
Everywhere else in Indiana
- Lakeland Apartments Angola · 3.9%
- Jerry Junction Apartments Auburn · 3.68%
- Wesley Park Apartments Auburn · 3.7%
- The Preserve at Avon (62) Avon · 3.75%
- Cambridge Square of Bedford Bedford · 3.5%
- Pleasant View of Birdseye Apartments Birdseye · 4.35%
- The Crest on East 10th Apartments Bloomington · 4.44%
- Bremen Village Bremen · 7%
- Golfview Manor Apartments Bristol · 5.36%
- Arbuckle Brownsburg Brownsburg · 2.55%
- Dublin Glen Apartments Brownsburg · 3.6%
- Redwood Brownsburg - Phase III Brownsburg · 2.35%
- Colonial Village Clarksville · 2.37%
- Yellow Wood Terrace Clarksville · 3.55%
- Hoosier Valley Nursing Corporation Corydon · 4.2%
- Cloverdale Heights Two Crawfordsville · 2.81%
- Waterford Apts Phase One Crawfordsville · 2.44%
- Cypress Pointe Apartments Crown Point · 2.67%
- Salem Place Apartment Daleville · 2.68%
- East Main Apartments Danville · 3.85%
- Lakeview Place Danville · 3.37%
- Redwood Danville White Lick Creek Danville · 4.49%
- Belmont Estates Decatur · 5.5%
- Pine Crossing Decatur · 3.8%
- Dillsboro Village Dillsboro · 3.25%
- Lakeshore Manor East Chicago · 4.04%
- Lakside Gardens Apartments East Chicago · 4.1%
- Madison Lofts Fortville · 5.25%
- Village Apts. of Fortville III Fortville · 2.56%
- Franklin Cove Apartments Franklin · 3.3%
- Northwood Apartments Franklin · 3.5%
- Redwood Ft Wayne Diebold Rd Phase II Ft Wayne · 2.45%
- Ashton Pines Goshen · 3.75%
- Greencroft Manor III Goshen · 6.03%
- Spring Lake Apartments Granger · 2.3%
- The Village at Arborwood Granger · 3.1%
- The Villas on Fir Granger · 2.73%
- Castlebury Apts Greencastle · 2.69%
- Grace Lutheran Community Greensburg · 3.73%
- Tree City Estates Greensburg · 4.29%
- Park Place Hartford City · 4%
- Lake Park Apartments Hobart · 2.53%
- Cameron Crossing Huntertown · 4.08%
- Gardenside Terrace Cooperative Jeffersonville · 6.25%
- The Reserve at Riverbend Jeffersonville · 4.92%
- Carriage House Kendallville Kendallville · 3.85%
- Opportunity Apartments Kendallville · 4.43%
- Cambridge Square of Laporte La Porte · 3.5%
- Carriage House of Laporte La Porte · 3.1%
- Maple City Square La Porte · 3.6%
- Lutheran Community Lawrenceburg · 3.65%
- Whiskey River Lawrenceburg · 5.98%
- Southview Court Apartments Liberty · 6.25%
- Country View Apartments Martinsville · 3.48%
- Ken Mar Apartments Martinsville · 5.25%
- 4 Community Wilds Mitchell · 3.3%
- Village Green Apartments Montpelier · 4.25%
- Arbor Manor Apartments Mooresville · 2.55%
- Spring Hill Apartments I Mooresville · 2.25%
- Spring Hill II Apts Mooresville · 2.25%
- Southwind I and II Mount Vernon · 4.73%
- Forest Hills Apartments Nashville · 2.54%
- Hawthorne Hills Senior Apartments Nashville · 2.61%
- Carriage House of New Albany New Albany · 2.46%
- Faith Community New Castle · 5.4%
- Willow Glen New Castle · 5%
- Meadows-North Liberty North Liberty · 6.25%
- Oak Meadow Apartments North Vernon · 3.35%
- Arrowhead Estates Phase II Peru · 3.4%
- Hilltop Ridge Peru · 2.24%
- Garden Court Downtown Plymouth · 2.5%
- Indiana Multifamily Portfolio Princeton · 4.73%
- Indiana Senior Portfolio Princeton · 4.73%
- Princeton Creek Princeton · 2.68%
- Bethel Community Rushville · 4.6%
- Burkart Crossing Apartments Seymour · 3.19%
- Jamestown of Seymour Seymour · 4.2%
- Somerset Place Apartments Seymour · 3.3%
- Harrison Apts Terre Haute · 3.6%
- Harrison West Apartments Terre Haute · 3.55%
- Juliet A Peddle Park Terre Haute · 3.85%
- Trinity Community Union City · 6.25%
- Brookshire Apartments Valparaiso · 2.55%
- Jamestown of Valparaiso Valparaiso · 3.78%
- Williamsburg on the Lake Valparaiso Valparaiso · 2.25%
- Country Wood Versailles · 2.79%
- Crestwood Village Wabash · 5%
- Senior Town Apartments Wabash · 5%
- Cypress Point Apartments Washington · 5.84%
- Jamestown Square of Washington Washington · 2.74%
- Pleasant View of West Baden Apartments West Baden Springs · 4.35%
- Blackbird Farms Apartments I West Lafayette · 5.5%
- Blackbird Farms III West Lafayette · 5.54%
- Trailside Flats West Lafayette · 2.14%
- Maryvale West Terre Haute · 4%
- Anson Apartments Phase II Whitestown · 3.1%
- Redwood Whitestown (woodlands)-Phase I Whitestown · 2.27%
- The Boulevard at Anson Place Phase I Whitestown · 3.38%
- Country Meadows Apartments Wolcottville · 4.25%
- Grandview Square Cooperative Yorktown · 3.95%
Source: HUD, Insured Multifamily Mortgages, active file, current as of September 30, 2026. Apartment loans only; nursing homes, assisted living and hospitals in the same file are not counted.
Own or buying in this state?
Send the property to the Janover Capital desk for a read on assumption, 223(a)(7) or a new HUD loan.