Mortgage Loans

Mortgage Loans

Perfect loan. Perfect home.

Whether you’re a first time home buyer or you’re just looking for the perfect new home, we’re here to help. Mortgage loans don’t have to be complicated. When you choose IHMVCU for your mortgage, you get more than a home loan. You get a guide to walk you through the process, before, during and after the purchase.


Our mortgage loans feature:

  • Low closing costs
  • Competitive rates
  • In-house processing and underwriting
  • Local servicing

Plus, you benefit from the convenience of 17 branch locations and a robust Online Branch experience, making it easy for you to stay in touch and keep track of your payments.

Find your perfect loan.

  • Conventional mortgages
  • Adjustable-rate mortgages (ARMs)
  • No closing cost loans
  • FHA, VA, and USDA loans


Conventional Loans

First time homebuyers, 97% max loan-to-value   |   Current homeowners, 95% max loan-to-value

Conventional Programs:

  • Fixed rate mortgages (10, 15, 20, & 30 year terms)
  • Adjustable rate mortgages (5/1 ARM)
  • Construction loans
  • Investment property loans
  • Jumbo loans
  • Balloon loans

Government loans*

  • FHA financing (Federal Housing Authority)
  • 96.5% max loan-to-value
  • Available for lower fico scores (minimum of 580)
*all serviced through Plaza Home Mortgage  

VA loans*

  • Up to 100% max loan-to-value
  • Must be a Veteran to apply
*Veterans Affairs loans

USDA* Rural Development loans 

  • Up to 102% max loan-to-value
  • There are restrictions on income and area that property is located
*United States Department of Agriculture

Ready to get started? Here's what you need.

Prequalification is the first step on your journey to home ownership. We make it easy to get there. We’re available over the phone, by email or by appointment. When possible, we can even provide same-day approval!

You will need:

  • Two recent paystubs
  • Previous two years’ W2s and Federal tax returns
  • Two months’ checking and savings account statements
  • Child support order (if you’re required to pay)
  • Signed purchase contract

Looking for a Real Estate Agent?

IHMVCU offers our members a start to finish home buying experience through our partnership with RE/MAX Elite Homes.


Mortgage Calculators

  • Calculate a Mortgage Payment
  • Rent or Buy?
  • Proceeds from Sale of a Home
  • Home Affordability
  • Compare Two Mortgage Loans
  • Adjustable-Rate Mortgage Analyzer
  • Time to Refinance?
Home Mortgage Disclosure Act
The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at this office regarding the locations where HMDA data may be inspected. To receive a copy of these data send a written request to IH Mississippi Valley Credit Union, 2121 47th Street, Moline, IL 61265.
Home Equity Loans

Home Equity Loans

Put your home to work! A home equity loan or home equity line of credit can help you fund what matters most to you. We can help you access the buying power that being homeowner earns you. We offer three types of loans that can help make your dreams a reality.

Home Equity Loan

Use the equity you’ve built up in your home to send your kids to college, pay off credit card debt, finance a home improvement project or whatever else you can think of!

  • No annual fee
  • Low, competitive fixed interest rate
  • Fixed payments
  • Receive funds in one lump sum
  • Interest may be tax deductible*

*talk to your tax advisor for details

Home Improvement Loan

Let us help you increase the worth of your home—pay for a new addition, a new roof or finish your basement or any other home improvement project!

  • No annual fee
  • Receive funds in one lump sum
  • Low, competitive fixed interest rate
  • Fixed payments

Home Equity Line of Credit (HELOC)

A line of credit that makes getting the funds you need easy. Transfer funds in Online Branch, give us a call or stop by any branch.

  • No annual fee
  • Low, competitive fixed or variable interest rate
  • Payments may change, depending on money withdrawn and if the rate is adjustable
  • Receive funds in one lump sum OR access funds as needed
  • Minimum $500 advance
  • Interest may be tax deductible*

*talk to your tax advisor for details




Home Equity 101

If you need cash for short-term projects, a vacation or even a college education, you can borrow against your home’s value to pay for it. You can estimate how much equity you have in your home by subtracting how much you owe from how much your home is worth.


Home Equity Calculators

  • Paying Off a Home Equity Loan or Line of Credit
  • Consolidating Debt with Home Equity
  • Home Equity Loan or Line of Credit?
  • Using Home Equity for a Major Purchase
  • Calculate a Home Equity Line of Credit Payment
  • Calculate a Home Equity Loan Payment
  • The Equity in Your Home

© Copyright 2017. IH Mississippi Valley Credit Union. All rights reserved. Federally Insured by NCUA | Equal Housing Opportunity | NMLS #463074

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