IMCU is always working to provide you the best rates available for all products and services. See below for special mortgage offers!
HOME EQUITY LINE-OF-CREDIT INTRO RATE 2.9% APR for 180 days
Enjoy the special offer of 2.9% APR1 for 180 days on your new IMCU HELOC!
1Annual Percentage Rate. This rate (effective 1/1/19) is a special limited time offer and subject to change without notice. This rate is only available for owner occupied single family residences. Certain restrictions and conditions apply. Introductory rate of 2.9% APR applies to new home equity lines-of-credit opened on or after 5/1/18 and does not apply to refinances of existing IMCU home equity lines. After the first 180 days, all balances convert to the variable rate APR based on an index of the Prime Rate published in the Wall Street Journal. (As of 1/1/19, APRs are 5.50% (Prime Rate) to 8.00% (Prime Rate + 2.5%), with a maximum rate of 21%, or highest rate allowable by law. LTV is based on the Indiana Members Credit Union approved valuation method. For HELOCs $100,000 and greater, additional fees may be required for appraisal, title search, flood determination and filing fees. Property owner must supply proof of insurance. Existing IMCU home equity lines may be eligible for interest only payment option. Consult your tax advisor regarding deductibility. Indiana Members Credit Union is federally insured by the National Credit Union Association. Equal Housing Lender.
IMCU offers up to $1,000 off qualifying fixed and adjustable rate mortgage closing costs available on qualifying mortgages2.
2Restrictions apply. Up to $1,000 with loan amounts of $100,000 or more. $500 for loan amounts between $50,000 - $99,999. Refinance of an IMCU first mortgage is not eligible. Limited time offer and subject to expiration or change without notice. Property must be a primary residence, single family residence and 10 acres or less. Minimum 680 credit score. Lender credit applied at closing. Lender credit will not include funds required for down payment, will not be applied toward prepaid interest, mortgage insurance, property taxes or hazard insurance. Purchase transactions containing Seller Credits designated for application toward specific closing costs (i.e. Owner’s Title Policy) will be applied as stated in the purchase contract. All other Seller &/or Realtor Credits will be applied toward applicable prepaids. Seller and Realtor Credits, exceeding the actual cost of the transaction, may not be used in their entirety. Effective 1/1/2019.