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Last Updated: 04/18/2025

Indiana Members CU Home Equity Loans

in Home Equity Loans from Indiana Members Credit Union

Last Updated: 04/18/2025

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Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

80%

Loan Term (Years)

Up to 15
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Indiana Members CU Home Equity Loans Review

Indiana Members CU Home Equity Loans is offered by Indiana Members Credit Union , a credit union founded in 1956 and based in Indianapolis, IN. Indiana Members CU Home Equity Loans are available in 50 states and Washington, DC.

Key Takeaways

  • No primary residences considered. Indiana Members CU Home Equity Loans does not offer financing for primary homes.
  • 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.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
  • Maximum LTV. Indiana Members CU Home Equity Loans has a maximum loan to value ratio of 80%.

Indiana Members CU Home Equity Loans Pros & Cons

Indiana Members CU Home Equity Loans FAQ

What are the home equity loan requirements of Indiana Members CU Home Equity Loans

This lender's maximum loan to value rate is 80%. That means the total debt secured by the property cannot exceed 80% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $60k.
Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does Indiana Members CU Home Equity Loans charge for a home equity loan?

Indiana Members CU Home Equity Loans may charge a loan origination fee

Is Indiana Members Credit Union a legit company?

Indiana Members Credit Union was founded in 1956, it is a well-established company that has been in business for 70 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

5103 Madison Ave
Indianapolis, IN 46227
(800) 527-7258
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Email Support

Hours of Operation

Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 5:00PM
Saturday
9:00AM - 1:00PM

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