Home Equity

Home Equity Loans

Use the equity in your home. No closing costsˆ

Whether you're adding an outdoor living space, finishing your basement, or using the equity in your home to pay for expenses like college or debt consolidation, a home equity loan could be the answer. IFCU offers fixed-rate Home Equity Loans and Home Equity Lines of Credit (HELOC) to give you the greatest benefit for your unique situation.

 Fixed Rate Home Equity Loan

  • Low fixed-rate loan
  • Repayment periods up to 10 years
  • No annual fees
  • No prepayment penalties
5 year loan as low as:10 year loan as low as:
3.656% APR*4.055% APR*

 Home Equity Lines of Credit (HELOC)

  • Low-variable rate loan
  • Apply only once, then access your credit line again for up to 5 years
  • Repayment period up to 15 years
  • No hidden maintenance costs
  • Interest may be tax deductible. Ask your tax adviser for details
  • No annual fees
  • No prepayment penalty
Variable Rate Home Equity Line of Credit (HELOC)
As low as 3.25% APR*

Mortgage Department Hours
Monday- Friday8:00AM - 6:00PM
Saturday9:00AM - 12:00PM

Visit: Our Mortgage Department is located in our Lafayette Branch at
1115 Sagamore Parkway,
Lafayette IN 47905

Will do appointments at all 10 branches. Give us a call and get ready to finance your home with IFCU.


What is a Home Equity Loan?

A Home Equity Loan is a type of loan that allows homeowners to borrow money based on the value of their home, less the amount they still owe.

How can I use a Home Equity Loan?

Use your loan or line of credit for any type of home improvement. Home equity loans can also be a way to borrow money to pay for educational expenses, debt consolidation and more.

How much can I borrow?

Credit scores can help or hinder future plans. It is best to schedule an appointment with one of our Mortgage Specialist to help guide you through the process.

What will my tax savings be?

The interest on your Home Equity Loan may be tax deductible. Be sure to talk to your tax advisor about your specific situation.

Take the first step to a Home Equity Loan.

• Visit any branch to discuss the details and apply for a Home Equity Loan.
• Chat with a IFCU Mortgage Representative over the phone by calling toll free: 1-888-564-4328.
• Schedule an appointment online and one of our Mortgage Representatives will reach back out to you.

*Annual Percentage Rate (APR). All loans are subject to approval and individual rates may vary based on your credit score, terms, and underwriting conditions. Your actual rate may be higher. Certain restrictions and conditions may apply. We may offer other terms and conditions connected with this offer. There may be other costs associated with some loans. Rates are subject to change without notice. Contact IFCU at (765) 771-8000 for more information.

ˆNo Closing Costs: No closing cost on all 2nd mortgage and HELOC loans if the loan amount is over $20,000. If loan amount is over $30,000, a full appraisal is required and covered by the borrower. Other terms and conditions may apply.


Online Banking

Securely log in by completing the form below.

Forgot Password

New to online banking?
Enroll Now

Online Banking

Securely log in by completing the form below.

Forgot Password

New to online banking?
Enroll Now

You are about to visit web.baconpay.com

You are leaving the Industrial Federal Credit Union website. The website you are linking to is not operated by Industrial Federal Credit Union. We are not responsible for any content or information posted to this external website. Industrial Federal Credit Union is not responsible for, nor do we represent you or the external website if you enter into any agreements.

Privacy and security policies may differ between our website and this external site.