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.

Couple Celebrating

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

chelsea explains mortgage brochure

little girl running in new home

young couple ready to improve new home




Conventional Loans

First-time home buyers, 97% max loan-to-value   |   Current homeowners, 95% max loan-to-value
  • Fixed rate mortgages (10, 15, 20, & 30 year terms)
  • Adjustable rate mortgages (5/1 ARM)
  • Construction loans
  • Investment property loans
  • Jumbo loans
  • Bridge loans

First-Time Home Buyers Programs

IFA (Iowa Finance Authority)

  • $2,500 in down payment or closing cost assistance
  • As little as 3% down required

DPP (Down Payment Plus)

  • Down payment match, up to three times buyer down payment contribution

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

Renovation/Home Improvement Loan

  • Improve outdated homes
  • Upgrade bathrooms, kitchens, and outdoor living spaces
  • Available for purchase or refinance
  • Up to 95% loan-to-value of completed value
  • No minimum repair amount



Chad Mansfield

NMLS 1082062

Contact Chad


Brook Viktor

NMLS 616466

Contact Brook


Tasia Bunker

NMLS 616449

Contact Tasia



Sherry Herrick

NMLS 616450
309-793-6200 ext. 75180

Contact Sherry


Chelsea, Mortgage loan officer

Chelsea Sears

NMLS 1460680

Contact Chelsea


Jeff Amman

NMLS 616461

Contact Jeff



Mary J. Burghoffer

NMLS 76110
309-793-6200 ext. 76110

Contact Mary



Pat Angerer

NMLS 1578525

Contact Pat



Garrett Connors

NMLS 1720166

Contact Garret



Heather Hopping

NMLS 616451

Contact Heather


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?

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

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