Mortgage Loans

Yes, ICCU offers a wide-variety of mortgage products, including:

• Conventional Mortgage
• 5,7,and 10 year balloon
• Residential Construction Loan
• Mobile Home Loan

As well as these special mortgage products:

• Federal Housing Administration (FHA) Loan
• USDA Rual Development Loan
• Veterans' Affairs (VA) Loan
• Vacant Land Loan

It depends, we would need to collect your income information, see your funds on deposit for a down payment, and pull your credit report to know for sure. However, please give us a call or stop by the Isabella Office, we would be happy to talk with you and get an idea before you apply. 

Absolutely! It's a great idea to get prequalified as you start searching for your new home. That way, you are sure to look at houses you are confident you can afford plus, the realtors and sellers know you can qualify for the mortgage, potentially making your offer more appealing than someone who isn't prequalified. Prequalifications are valid for 90 days. 

Currently, ICCU does not have a First Time Home Buyer Program.

However, if you are looking for a lower down payment requirement than ICCU's conventional mortgage (5% down payment), we do have options to help! 

• Federal Housing Administration (FHA) Loan: 3.5% down payment
• Rural Development Home Loan: 0% down payment

You do not need to be a member to apply for a mortgage, however you will need to be a member to obtain financing, so please make sure that you do qualify for membership. 

Yes! We will finance up to 20 acres of land with a Vacant Land Loan.