Mortgages

Love the place you call home.

Whatever stage of life you may be in, IFCU’s home financing options can help. Our loan representatives are here to provide you with the information and resources you need to make the best decision for your family.

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Get in contact with us!

Call: (765) 771-8000 Option 1

Fax: (765) 771-8050

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

Mortgage Department Hours
Monday- Friday 8:00AM - 6:00PM
Saturday 9:00AM - 12:00PM

Servicing

The majority of IFCU loans originated are approved and serviced locally.

Loan Options Available:

First Mortgage

Are you looking to refinance or purchase a home? Take advantage of IFCU’s full-service Mortgage Center. Currently, we feature conventional fixed with terms ranging from 10 to 30 years

We also offer construction loans and loans for unimproved lots for property adjacent to the owner’s current residence or for properties to be used for future home construction.  Click here to see our current rates.

 

Home Equity Loan & Home Equity Lines of Credit (HELOC)

The most valuable financial asset you probably have is the equity in your home. As the market value of your home increases, so does your equity. That's important because your home's equity can be used as collateral for a low-cost IFCU equity loan to pay for the important things in life such as: paying for college, purchasing a car, or making home repairs, etc.

 Fixed Rate Home Equity Loan advantages:
  • Low fixed-rate loan
  • Repayment periods up to 10 years
  • No annual fees
  • No prepayment penalties

Interest may be tax deductible. Ask your tax advisor for details.

 Home Equity Lines of Credit (HELOC) advantages:
  • 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 advisor for details
  • No annual fees
  • No prepayment penalty
Rates as Low as:
First Mortgage Loans Call (765) 771-8061 for current rates.
Fixed Rate/Fixed Payment Home Equity Loans & 2nd Mortgages Call (765) 771-8061 for current rates.
Variable Rate Home Equity Line of Credit (HELOC) Call (765) 771-8061 for current rates.

 

Making Home Affordable Program

Ask your lender about other options to help make your mortgage payment more affordable or avoid foreclosure. IFCU is here to help you and provide the help you need.

In support of the administration's Making Home Affordable Program, Freddie Mac offers several options to help you with your mortgage and avoid foreclosure:

  • Home Affordable Refinance- this option can help you refinance into a lower or more stable rate
  • Home Affordable Modification- this option can help you get a mortgage payment that you can afford if you’re currently behind or believe you may fall behind
  • Home Affordable Foreclosure Alternatives- this option helps transition you to a more affordable housing option and avoid foreclosure if it’s not realistic to keep your home

 

To learn more visit the Making Home Affordable website.

*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 option 5 for more information.