Mortgages Designed for YOU.
Apply for a Mortgage Refinance My Mortgage Meet our Team
Our mortgage process is simple. Whether you are relocating, building, refinancing, or remodeling, you can trust our team to take care of you! Start your mortgage application here.
Conventional Mortgages
- Up to 97% financing available
- 10, 15, 20, 30 year fixed-rate terms available
- 3, 5, and 7 year adjustable rate mortgages (ARMs) available
- Available for pole barn homes, condominiums, second homes, and single family investment properties
First Time Home Buyers Programs
- 100% financing available for those who qualify
- Down payment as little as 3%
- Entire down payment can be gifted funds
- Reduced Private Mortgage Insurance (PMI) resulting in lower monthly payments
- Income restrictions may apply
- Down payment assistance is available through HOPE of Evansville
Construction Loans
- Up to 95% financing available
- Jumbo construction financing available
- Equity in the lot can be used toward down payment
- 9 month construction period
- One-time close with fixed rate locked at the beginning, through the life of the loan
- Interest only payments during construction period
- Use of a licensed builder required
- Flexible, local draws
Renovation Loan
- Can be used for a home purchase or a refinance
- Up to 95% financing available
- Value is calculated subject to the completion of the renovation
- Use the equity in the home with no limit on the amount of funds towards renovation costs
- One-time close with a 6-month renovation period
- Low payments (interest only) during the renovation period
- Use of a licensed contractor is required
Lot Loans
- Loans available up to $150,000
- Up to 80% financing available
- 1 year Adjustable Rate Mortgage (ARM)
- Financing available on vacant unimproved property
Jumbo Loans
- Loans available up to $1,500,000
- Up to 95% financing available
- 15, 20 and 30 year fixed-rate terms available
- Available for purchases, refinances and constructions
FHA Home Loan
- Down payment as low as 3.5%
- Reduced requirements for income and credit history
- Gift funds are allowed for down payment and closing costs
USDA Home Loan
- Available on eligible rural properties
- 100% financing available
VA Home Loan
- Active duty military and veterans eligible
- 0% down payment with no Private Mortgage Insurance
Bridge Loans
- Use the equity in current home towards the down payment on a new home
- Fixed rate, short term loan
Apply for a Mortgage Refinance My Mortgage Meet our Team
Heritage Federal Credit Union NMLS# 423066.
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