Our experienced team of local mortgage pros is here to help you choose the loan that checks all your boxes. Whether you’re a first-time homebuyer or a seasoned homeowner, the path to your new home starts at IU Credit Union.
A fixed rate mortgage gives you peace of mind with an interest rate that stays the same for the entire loan. It is a great choice if you plan to stay in your home for a while or if you’re refinancing and plan to stay in the home. Choose from 10, 15, 20 or 30 year terms.
An adjustable rate mortgage (ARM) is a mortgage in which the interest rate changes over time. It’s a smart move if you plan to sell or refinance your home within five to ten years or if you want a lower initial monthly payment. Choose from 7, 5, 3 and 1 year terms.
Our low down payment mortgage options are perfect for first-time homebuyers. Choose from a variety of both fixed and adjustable rate loans, starting with just 3% down.
A Jumbo Mortgage is for large loan amounts that exceed the Federal Housing Finance Agency (FHFA) conforming limits. Jumbo loans are available with either a fixed or an adjustable interest rate and a variety of terms.
Contact us for Jumbo Mortgage rates and details.
We offer construction loans to help you build your dream home and finance it once it’s built. To qualify for a construction loan, the property must be located in Monroe County, Indiana.
Contact us for Construction Loan details.
