When it comes to financing your home, we’ve got you covered. Whether you’re buying, refinancing or leveraging your home’s equity, we offer flexible options with competitive interest rates and closing costs. Our mortgage professionals are here to help every step of the way.
For a limited time, get a $1,000 closing cost credit on first mortgages and traditional mortgage refinances. Offer ends May 31st.
Home Equity Line of Credit
Our HELOC program offers great rates, up to 90%^ loan-to-value, a low introductory rate and convenient features to fit your lifestyle!
*All loans are subject to credit approval. $1,000 Closing Cost Credit is applicable to completed applications between April 1 – May 31, 2024, on first mortgages and refinances that include closing costs that are charged to the borrower, and exclude Smart Refi and Home Equity programs. Offer is good on primary residence only and does not apply to mortgages currently held at IU Credit Union. Closing Cost Credit will be applied at closing. Rates, terms and conditions will vary based on creditworthiness, qualifications and collateral conditions at the time of application. Property insurance required.
^APR is Annual Percentage Rate. Offer applies to new home equity lines of credit only. The 3.99% introductory APR is guaranteed for six (6) months from the date of closing. After the introductory rate, the APR will be a variable rate based on the prime rate as published in the Wall Street Journal, plus a margin. The current lowest variable APR available as of 3/18/24 is 8.50% APR, which includes a .25% discount for automatic payment from your IUCU checking account. The maximum APR that can be imposed is 18%. $50 annual fee waived the first year. Minimum line of credit amount is $10,000; fee of $150 applies for approved lines of credit less than $20,000. Closing cost may apply if title insurance is required. Some restrictions may apply. Contact the Credit Union for membership details. Property insurance is required. Investment mortgages are not eligible for this program. Rates, terms and conditions are subject to change without notice. Loans subject to credit approval.
Our team of mortgage experts will help you choose the loan option that fits your budget and your lifestyle goals. Contact us today to get started.
IU Credit Union NMLS: 415754
Justin Wallace
Mortgage Origination Manager
NMLS: 2586359
812-855-7823 ext. 1750
jwallace@iucu.org
Did you know?
IU Credit Union was
voted Best in B-Town?
Best Mortgage Lender
2023
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