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Mortgage Loan Rates

First Mortgage | Home Equity | Home Equity Line of Credit

 

 

 

First Mortgage Loan Rates

Visit our Online Mortgage Center for current rates and to apply for a mortgage.

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Home Equity Fixed Rate Loan Rates

Effective: February 24, 2017


Home Equity Loan

Term 80% TLTV* Rate 81%-90% TLTV* Rate Closing Cost
5 Years As low as 3.49% APR** As low as 4.25% APR** $0^
10 Years As low as 4.25% APR** As low as 4.99% APR** $0^
15 Years As low as 4.49% APR** As low as 5.25% APR** $0^
Loan Examples APR* Monthly Payment
$20,000 for 60 months: 3.49% $364
$25,000 for 120 months: 4.25% $256
$30,000 for 180 months 4.49% $230

*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 home equity loans closed at a title company will be paid by the borrower.
^^Payments do not include taxes and insurance premiums; if applicable, and the actual payment obligation will be greater.

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Home Equity Line of Credit Rates

Effective:  February 1, 2017


Our Home Equity Line of Credit program includes a low introductory rate and convenient features to fit your lifestyle!

HELOC Special Features:
  • 1.99% introductory APR for the first 12 months. As low as 4.00% APR thereafter.
  • Annual fee waived for first 12 months
  • A 0.25% discount for automatic payment from your IUCU checking account

Home Equity Line of Credit

Plan Rate Annual Fee Closing Cost
Up to 80% TLTV* As low as 4.00% APR** $50† $0‡
81%-90% TLTV* As low as 4.75% APR** $50† $0‡

*TLTV = Total Loan To Value, Maximum TLTV and loan amount based on applicants credit history.
**APR = Annual Percentage Rate. Rate includes a 0.25% deduction for automatic payment from your IUCU checking account.
†Annual fee is waived for first 12 months.
‡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.

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