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IU Credit Union Home Equity Line of Credit Review
Key Takeaways
- Only primary residences considered. IU Credit Union Home Equity Line of Credit does not offer financing for vacation homes or investment properties.
- No-closing-cost mortgages available. This option allows you to include the closing costs into the new loan, so you don't pay for these expenses upfront.
- Origination fees starting at $150.00.Origination fees are deducted from the loan amount, so take it into account when deciding how much you need to borrow.
- High maximum LTV ratio. IU Credit Union Home Equity Line of Credit has a maximum loan to value ratio of 90%.
- Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for IU Credit Union Home Equity Line of Credit.
IU Credit Union Home Equity Line of Credit Pros & Cons
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IU Credit Union Home Equity Line of Credit FAQ
What are the terms for IU Credit Union Home Equity Line of Credit?
Is there a minimum draw requirement?
What fees does IU Credit Union Home Equity Line of Credit charge for a HELOC?
What types of property can you use as security for a HELOC with IU Credit Union Home Equity Line of Credit?
- Primary residences
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