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Last Updated: 04/18/2025

Indiana Members CU Conforming Loan

in Home Mortgage Loans from Indiana Members Credit Union

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A


Amount Range

$30,000 - $200,000

Loan Term (Years)

Up to 30

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Indiana Members CU Conforming Loan Review

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

Key Takeaways

  • Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
  • Only considers small to medium mortgage amounts. Indiana Members CU Conforming Loan has a maximum loan amount of just $200,000.
  • Standard interest rates types. Indiana Members CU Conforming Loan offers adjustable-rate mortgages and fixed-rate mortgages.
  • No primary residences considered. Indiana Members CU Conforming Loan does not offer financing for primary homes.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

Indiana Members CU Conforming Loan Pros & Cons

Indiana Members CU Conforming Loan FAQ

How much can you borrow via Indiana Members Credit Union?

Indiana Members CU Conforming Loan allows borrowers to apply for loan amounts of up to $200,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What is the maximum loan term you can get with Indiana Members CU Conforming Loan?

Indiana Members CU Conforming Loan offers mortgages with a maximum term of 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage rates does Indiana Members Credit Union offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Do they charge mortgage origination fees?

Yes, Indiana Members CU Conforming Loan may charge a loan origination fee .

What is the customer service phone number?

The customer service number for Indiana Members CU Conforming Loan is (800) 527-7258.

What is the support contact email?

The support contact email for is members@imcu.com.

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Contact

Headquarters

5103 Madison Ave
Indianapolis, IN 46227
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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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