Mortgage Loans

Perfect loan. Perfect home.

When you choose IHMVCU for your mortgage, you get more than a home loan.

Not just a mortgage.

It's where dreams become memories!


Chat with one of our
mortgage loan experts

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.


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

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

Due to the unprecedented number of applications, refinance applications are taking approximately 120 days from application to closing.  We want to make sure our members are aware before starting the process.

Find a Mortgage Loan Officer

And the winner is...

Congratulations to Julie, our 2019 $10,000 Mega Mortgage Sweepstakes winner!

Find your perfect loan

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


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

Mortgage Rates


Government Loans*

FHA Financing (Federal Housing Authority)

  • 96.5% max loan-to-value
  • Available for lower FICO scores (580 minimum)

*Serviced through Plaza Home Mortgage


Mortgage Rates


VA Loans*

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

Mortgage Rates


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


Mortgage Rates


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  • Improve outdated homes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

Mortgage Rates


First-Time Home Buyers Program


Iowa Finance Authority (IFA) 

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

Down Payment Plus (DPP)

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


Mortgage Rates

Meet your mortgage loan officers

Pat Angerer

NMLS 1578525

My goal is to understand your needs now and in the future, and translate that into the best loan for you. Buying a home (or refinancing) should be an enjoyable process, and I’m the one to make that happen. The greatest honor you can give me is a referral to family and friends.

I’m a proud Bettendorf Bulldog and Iowa Hawkeye, and am fortunate to have experienced an amazing football career. From being named 1st Team All-American and member of the Iowa Football Leadership Committee, to four unforgettable years with the Indianapolis Colts before retiring and being named to the Quad-City Sports Hall of Fame, I’m most proud of being voted team captain by my teammates for the Iowa Hawkeyes and graduating from the University of Iowa.

When I’m not working, I love spending time with my wife (and high school sweetheart) and three amazing kids, as well as supporting the community as a board member for the Bettendorf Public Library and a Bettendorf Community School Foundation trustee.

Apply for a loan with Pat

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'll 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

Apply for a mortgage


Let us help you on your journey to home ownership. Use our calculators to help find your best options.

  • 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?
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