Table of Contents
-How do you purchase a home in Cass County
-What are the government loan limits in Cass County, IN?
-What parts of Cass County are eligible for USDA loans?
-Do I need flood insurance?
-How do I learn about Property Taxes in Cass County
-What is the median home price in Cass County, IN?
-How many people live in Cass County?
-What are the major cities?
-How do I see FHA- and VA-Approved homes for sale?
-Is there a cost to have a real estate agent represent me?
-What closing costs do I need?
-How can I get assistance with closing costs?
-About Cass County
-How much of a loan can I qualify for, based on my income?
-Approved Condominium Projects in Cass County
How do you purchase a home in Cass County
Are you interested in buying a home in Cass County? This is a step by step guide to all the ins and outs of the homebuying process. For more detail about FHA loans, be sure to check out our complete guide. We also have an in-depth guide to VA loans and the USDA’s Rural Development home loan program.
For now, let’s look at the basic steps to buying a home – and what you’ll have to look out for in Cass County.
- Get in touch with a loan officer – give us a call at 877-432-5626 We can help you figure out what type of loan you might qualify for. Programs through the VA, USDA, and FHA allow you to buy a home with a small down payment – or no down payment at all. We will also check your credit and income to see how much of a loan you can qualify for. When we do this, we do a “soft pull” on your credit. This is different from an official credit inquiry and won’t hurt your credit score.
- Compare loan offers. Either call us or fill out the form by filling up the form at the top right of this page.
- Give your Loan Officer the information they need to find you a loan For a purchase loan or cash-out refinances:
- Your ID
- Previous two years of W2s
- Most recent 30 days paystubs
- Most recent 60 days bank statements
- Landlord and HR/Payroll Department contact info
For a refinance loan, you will also need information on the loan you want to refinance.
- Contact our Loan officers to compare the interest rates and APRS – but keep in mind that the fixed- and adjustable-rate mortgages are apples and oranges. Use the Loan Estimate to compare the true costs of each loan, both month-to-month and over the life of the mortgage.
- Find a home Get connected with a FedHome Loan Centers Real Estate Agent. Once you meet with them to talk about your wants and needs, you can sign up for the property search feed. This will give you alerts about homes for sale in Cass County. Now you’re ready to preview properties and start touring homes.
- Make an offer and negotiate the terms of the sale
- Get the necessary and recommended inspections Required Inspections:
- Termite Inspection
- Well or septic inspections, if applicable
- We can help you check if your home is in one of the Cass County flood hazard areas.
Home Inspection, Roof Inspection, Sewer Inspection
- Get the home appraised Construction loans require a construction appraisal and permit approval
- Lock in your interest rate Pro Tip: Wait until the appraisal to lock in your loan rates. If it turns out you need to make repairs, it can push the closing back. Then you run the risk of losing that rate or having to pay an extension fee.
- Close the deal and get packing! You’re ready to go!
What are the Loan Limits for Cass County?
- FHA Loan Limit $331,760 (Single family residence) / $424,800 (Duplex) / $513,450 (Triplex) / $638,100 (Fourplex)
- USDA Loan Limit $265,400
- VA Home Loan Limit $0 down up to $3,000,000 / 2 open VA loans at one time $510,400 *(Call 877-432-5626 for details).
What Parts of Cass County are eligible for USDA Loans?
- Cass County is eligible for a USDA Rural Development home loan.
- Eligible Zip Codes: 46932, 46947, 46950, 46967, 46978, 46988, 46994, 46998.
Do I need Flood Insurance?
- The FHA, USDA, and VA all require flood insurance in Special Flood Hazard Areas.
- In Cass County, flood hazard areas are located mostly around low elevation areas in the Wabash River and Eel River. Flooding areas in Georgetown, Logansport, Miami Bend, and Lewisburg.
How do I learn about Property Taxes in Cass County?
- Cathy Isaacs is the Cass county tax assessor. His office is located at 200 Court Park, Room 103, Logansport, Indiana 46947, and she can also be reached by calling (574) 753-7710.
- The state of Indiana offers several tax incentives to promote the state’s economic development. These include a decreasing corporate tax rate, which in 2021 will drop from 6.5% to 4.9% to incentivize the creation of new businesses in the state. Additionally, the state has no gross receipts tax or inventory tax. Programs like the Economic Development for a Growing Economy offer tax credits for the creation of new jobs and improve the living standard for residents of the state.
What is the Median Home Price in Cass County?
Today, the median home value for Cass County is $90,131. In addition, the median household income for residents of the county is $47,545.
How many people live in Cass County?
As of 2019, Cass County’s population is 37,689 which includes about 2,556 Veterans. Moreover, demographically speaking, 78% of the population is White, with 16% Hispanic, and 2% Black.
What are the major cities?
The county has one city and four towns, the city being Logansport which serves as the county seat. The four towns in the county are Galveston, Onward, Royal Center, and Walton.
How do I see FHA- and VA-Approved homes for sale?
Is there a cost to have a real estate agent represent me?
The seller must pay the real estate professionals’ commission, not the buyer. This means that, as a homebuyer, there is no cost to have a real estate agent represent you. In fact, it’s a good idea to get your own agent in order to have someone in your corner during the negotiation process. For more information about real estate agents, click here.
What closing costs do I need?
For FHA loans, closing costs can end up being 3-4% of the loan amount. These costs include origination fees from the lender, any discount points purchased for a better interest rate, and pre-paid items like insurance and taxes.
How can I get assistance with closing costs?
There are several ways to reduce the amount you have to pay at closing. One way is to get down payment assistance. The FHA’s Within Reach program provides grants to help low- and middle-income families with their down payment.
About Cass County
Originally Cass County, Indiana was home to the Pottawatomie and the Miami people for hundreds of years before Europeans arrived in the latter half of the 18th century. Eventually, the county was established in 1828 and was named in honor of General Lewis Cass, who served as U.S. Secretary of War in the President Andrew Jackson administration.
Today the county enjoys a growing economy and a lower unemployment rate than the national average. Most people who live in the county have jobs in the production, office administration, and sales occupations. Additionally, the three biggest employment industries in the county are manufacturing, healthcare, and retail trade.
When it comes to education the county is served by three school districts, the Logansport Community School Corporation, the Southeastern School Corporation, and the Pioneer Regional School Corporation. Providing education to students from kindergarten to senior year of high school. The county also provides higher education opportunities with instructional sites for Ivy Tech Community College.
The county is also home to several parks that provide an escape from work life. With trails like the Eel River Run and the Riverside Park Loop which allow people to take a stroll while looking at the natural beauty of the county. The county also has an Aquatic Center that includes a 26-meter swimming pool, a waterslide, and sand volleyball courts.
Finally, the county hosts several annual events which are quite fun, like the Celebrate Logansport Event which celebrated the city’s birthday with free music and free birthday cake. Another notable event is the Downtown Christmas Open House which features great food and friendly contests for people to enjoy.
How much of a loan can I qualify for, based on my income?
|Monthly Income||Purchase Price|
Purchase Price subject to credit and income evaluation.
Approved Condos for Cass County, Indiana
Currently, there are no FHA or VA approved condos in Cass County. However, if you still want to find a condo in the area, call us at (877) 432-5626, we can help you through the condo approval process.
Find Your Perfect Home in Cass County Today!
Complete a quick and easy home loan application with FedHome Loan Centers today!
FedHome Loan Centers can help you find and finance the perfect home in Cass. We’re dedicated to making the process smooth and stress-free! Contact us today!