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Home Equity Loans

Home Equity Loans and Lines of Credit are a great way to access the equity you've built in your home.

When you need to borrow funds for life's big expenses, we're here to help. Renovate your home, pay for college expenses, consolidate debts, make a major purchase or just have money standing by with an IU Credit Union Home Equity Line of Credit or Loan.

We offer two great options:

To find out more about these home equity options, please call us at 812-855-7823 or visit us at any branch.

Home Equity Loan

If you're looking for a competitive fixed rate, the Home Equity Loan may be the right choice for you.

  • No closing cost for loans of $20,000 or greater
  • $150 origination fee for loans less than $20,000

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Home Equity Line of Credit (HELOC)

Our HELOC program offers great rates, up to 90%* loan-to-value, a low introductory rate and convenient features to fit your lifestyle!

  • 3.99% introductory APR* for first 6 months. As low as 8.50% APR* thereafter
  • .25% discount for auto payment from IUCU checking account
  • $50 Annual Fee waived for first 12 months
  • $150 origination fee for loans less than $20,000

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*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.