IU Credit Union MobileMobile  •   •  Click here to check the weather in BloomingtonWeather

 

IU Credit Union "We started a credit union and created a community."
 
YOU ARE HERE: Home » Rates » Value Plus Home Equity Fixed Rate Loan

Value Plus Home Equity Fixed Rate Loan

 Value Plus Home Equity Loan (Second Mortgage)
 Term
80% TLTV* Rate
81% - 90% TLTV* Rate Closing Cost
5 Years
As low as 3.99% APR**
As low as 4.99% APR** $0^
10 Years
As low as 4.75% APR **
As low as 5.50% APR** $0^
15 Years
As low as 5.50% APR **
As low as 6.99% APR** $0^

  Loan Example for Value Plus Home Equity Loan
APR*
Monthly Payment
  $20,000 for 60 months:
3.99%
$368
  $25,000 for 120 months:
4.75%
$262
  $30,000 for 180 months:
5.50%
$245


*TLTV = Total Loan To Value, Maximum TLTV and loan amount based on applicants credit history.
**APR = Annual Percentage Rate
^For loan amounts $20,000 or greater, IU Credit Union pays all closing costs. For loan amounts less than $20,000, a $150 fee will be applied to the loan and paid by the borrower. All closing cost for investment property loans or primary residence second mortgage loans closed at a title company will be paid by the borrower.

•   Rates are subject to change at any time. Each individual's APR is based on the applicant's credit history. Not all applicants will qualify for the lowest rate.
•   Property insurance is required.
•   The Value Plus Home Equity Loan can be used for an investment property by adding 2% to the qualifying advertised rate. The maximum LTV is 70% and closing costs may be financed. Other restrictions apply.

  Calculate Payments

eServices
Check Today's Rates & Fees
Account Services
Membership

Related topics:

  • Loans
  • Mortgage
  • Online Mortgage Center
  • Credit Cards
  • Financial Calculators
  • Consumer Report Disputes

Community Matters
Click Here for Important IUCU News.
Financial Education
Security Center
Visit our Auto Center!
Apply for a Loan

 

Find IU Credit Union on Facebook! Follow IU Credit Union on Twitter! Watch IU Credit Union on YouTube!  CO-OP ATM Network  We're part of the Shared Branching Network Alliance One Surcharge-Free ATM NetworkMasterCard SecureCode
Home  |  Site Map  |   PRIVACY POLICY   |  Disclosures  |  Contact Us

Federally insured by NCUA
The IU Credit Union is Equal Housing Opportunity. We do business in accordance with the federal fair housing law and the equal credit opportunity act.