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FHA and VA Mortgage Loans

IU Credit Union's wide variety of mortgage loan options now includes Federal Housing Administration (FHA) and Veterans Administration (VA) mortgage loans.

FHA Loans
FHA loans offer the following benefits that may be especially attractive to homebuyers with lower credit scores or those looking for a lower down payment:

• Down payment requirement as low as 3.5% and gift funds acceptable
• FHA insures the loan
• Low fixed rates offered

VA Loans
VA loans are available to qualified veterans including those who have served for more than 90 days during wartime or 181 days during peacetime and those who served in a branch of the reserves for at least six years. VA loans offer these benefits:

• 100% financing is available in most cases
• No monthly mortgage insurance to pay
• Low fixed rates offered
• Low closing costs

For more information or to apply, contact our Lending Center at 812-855-7823 or toll-free 888-855-MYCU.

Apply for a FHA / VA Loan

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