Start Your Home Shopping Here

It’s that time of year when many people throughout Indiana are thinking about buying new homes. Whether you’re a first-time buyer or you’re getting ready to switch from your current home to one that better fits your needs, the smart way to start your home-buying journey is to talk with one of Indiana Members Credit Union’s mortgage experts.

Why start your search by talking about a loan? It’s the easiest way to know exactly how much home you can afford. When you ask us for a mortgage pre-approval, we’ll collect and review your financials and let you know how large a mortgage you qualify for, and explain what that means in term of home prices. That way, you’ll know exactly how much home you can afford — and when you’re ready to buy, you know you’ll be able to obtain financing.

Let Us Help Find The Right Mortgage Option For You

FHA LOANS

• Minimal 3.5% down payment
• Down payment can be a gift or loan to the borrower from an eligible source
• Sellers may pay 6% towards closing costs
• Cash reserves are not required

The Federal Housing Administration (FHA) is an agency within the Department of Housing and Urban Development. FHA loans are designed to help low-to moderate-income creditworthy families by offering a mortgage with lower down payment requirements and less restrictive qualifying criteria.

Before Finding A Home, Find Your Mortgage

Most people start the homebuying process by searching for the home of their dreams. When they find it, they make an offer. If their offer is accepted, they apply for a mortgage … and may be disappointed to discover that they don’t qualify.