HHCU's Home Loans - Hoosier Hills Credit Union

Holiday Closure

In observance of Christmas, all Hoosier Hills Credit Union Service Centers and Drive-Up locations will be closing at noon on Tuesday, December 24th, and will remain closed on Wednesday, December 25th. We will reopen for business beginning Thursday, December 26thwith regular business hours.

Though our physical doors are closed, our virtual doors are open 24/7/365, and you have continual access to your accounts through our network of ATMs, Online Banking and Mobile Banking. Whatever your banking needs may be, we’re here for you!

Happy Holidays, and thank you for your membership!

Mortgage Affordability Calculator

The amount you borrow, the finance charges—which combine interest and fees—and the time it takes to repay are factors that make buying a home expensive. So, finding a way to reduce one or more of them can save you big money.

Mortgage Affordability Calculator

Mortgage Estimation Calculator

What seems like minor differences in the interest rate can add up to a lot of money over the 30-year life of a mortgage. Use this calculator to learn more about how tiny interest rate changes can add up and add up quickly.

Mortgage Estimation Calculator

Debt Pay-off Calculator

You’ve investigated and realize your budgeting needs help if you are going to ever be able to get out from under monthly rent and buy a house. As aggravating as it may seem to focus on paying off student loans and credit card balances, it’s a needed skill.

Debt Pay-Off Calculator

Buying a Home Tutorial

A house will likely be the biggest purchase you ever make in your lifetime. Understand that lenders will also consider your other financial responsibilities like vehicle payments, personal loans, college loans, and any other debts. You will find that the advantages of owning a home far outweigh any disadvantages.

Buying a Home Tutorial

Working with a Mortgage Lender

A mortgage application is our way of evaluating your creditworthiness and assessing the risk of a loan. Although it can be an intimidating document, Hoosier Hills Credit Union wants to work with you to find a way to make that mortgage happen.

Working with a Mortgage Lender

Making a Down Payment on a House

We know that getting your hands on 20% or even 10% of your total mortgage is challenging. Start by reevaluating your budget. Make a specific goal to save for your down payment then adjust your budget to trim excess spending and dedicate those funds toward your mortgage goal instead.

Making a Down Payment

Pay Down Student Loans with a Repayment Plan

More than half of all graduating college graduates have used student loans to pay tuition and other college costs. When you choose a repayment plan, you’re not making an irrevocable decision. You can always switch plans if you need or want to.

Repaying Student Loans

Looking for a 15, 20 or 30 year fixed rate mortgage with a great interest rate and realistic down payment?

Visit or call one of our friendly and helpful Mortgage Loan Officers at a Service Center near you for more information. Our experts are happy to answer any questions you may have and can provide guidance throughout your entire process. Don’t forget, Hoosier Hills mortgages are always serviced at Hoosier Hills, from your first payment to your last. Serving you is our pleasure!

Find Your MLO Apply Now

APR=Annual Percentage Rate. Examples are based on a 30-year term with a credit rating of 680 and a purchase price of $150,000 and a loan amount of $142,500. *With an APR of 7.473% as of 5/24/23, the estimated payment schedule would be 359 payments of $984.21 and one payment of $986.77. Payments shown do not include taxes and insurance, so actual payments will be higher with those amounts added. Rates may be higher depending on credit factors. Subject to credit approval. Rates subject to change.

Hoosier Hills Greater Option Home Loan

Better than FHA loans
Down payment as low as 3%^
No household income limitations
No upfront fees or PMI (Private Mortgage Insurance)
Wide range of credit scores qualify
Unique property styles included (pole barn, manufactured homes, larger acreage)
Local loan decisions and personalized loan servicing

Visit or call one of our friendly and helpful Mortgage Loan Officers at a Service Center near you for more information. Our experts are happy to answer any questions you may have and can provide guidance throughout your entire process. Don’t forget, Hoosier Hills mortgages are always serviced at Hoosier Hills, from your first payment to your last. Serving you is our pleasure!

Find Your MLO Apply Now

APR=Annual Percentage Rate. Examples are based on a 30-year term with a credit rating of 650 and a purchase price of $150,000 and a loan amount of $145,500. *With an APR of 9.359% as of 5/24/23, the estimated payment schedule would be 359 payments of $1196.99 and one payment of $1,201.81. Payments shown do not include taxes and insurance, so actual payments will be higher with those amounts added. Rates may be higher depending on credit factors. Subject to credit approval. Rates subject to change.

Hoosier Hills Purchase Plus Loan and USDA Loan

$0 Down payment* – 100% financing
No monthly PMI (Private Mortgage Insurance) or MIP (Mortgage Insurance Premium)
No household income limitations
Opportunity to receive up to $750 towards closing costs and a reduction in 1% processing fee
15, 20 or 30 Year terms*
Local loan decisions and personalized loan servicing

USDA (U.S. Department of Agriculture) Loan

$0 Down payment
**Subject to household income limits
Potential PMI (Private Mortgage Insurance)/MIP (Mortgage Insurance Premium)
1% Upfront funding fee based on total loan amount
Open to properties in designated “rural” areas
30 Year terms**

Visit or call one of our friendly and helpful Mortgage Loan Officers at a Service Center near you for more information. Our experts are happy to answer any questions you may have and can provide guidance throughout your entire process. Don’t forget, Hoosier Hills mortgages are always serviced at Hoosier Hills, from your first payment to your last. Serving you is our pleasure!

Find Your MLO Apply Now

APR=Annual Percentage Rate. Examples are based on a 30-year term with a credit rating of 650 and a purchase price of $150,000 and loan amount of $151,500. *With an APR of 7.849% as of 5/24/23, the estimated payment schedule would be 359 payments of $1,085.36 and one payment of $1,091.75. Payments shown do not include taxes and insurance, so actual payments will be higher with those amounts added. Rates may be higher depending on credit factors. Subject to credit approval. Rates subject to change.

I want to apply to purchase a home, but what address do I enter if I haven’t found one yet?
If you're home shopping you may simply enter 123 Anywhere Street, Town, and Zip of your shopping area.
After I apply can I make changes to the term or loan amount?
Yes! Some changes can be made once you have a signed purchase agreement, based on qualification.
What if I don’t have an account with HHCU?
No worries! You are welcome to apply, we can open your membership later.
What documents do I need to fill the application out?
No documentation is needed to complete the application. Helpful items could be current paystub or W2
What do I do if I get an error message while applying?
You may reach out to our Mortgage Desk at 800-865-2612 Ext 438.
If I don’t have a home in mind yet, what do I enter for purchase price?
You can enter what your personal max spending amount would be, keep in mind we can change the amount, based on qualification.
Do I have to have a down payment to purchase a home?
Not at all, we have options for borrowers with no downpayment.
How much do I need to put down to purchase land only?
For the purchase of vacant land, you must put down 20% of the purchase price.
What loan product do I want?
We have many loan products available from 100% financing, conventional mortgage, land loans, construction loans, refinancing options, and more.
How soon after the application will I get a call back?
Our goal is always reach out to applicants’ same day, if after hours the following business day.
Who will be handling my loan?
We have many Mortgage Loan Offices across our servicing marketing, you may choose one you wish to work with or the Service Center closest to you.
What phone number do I call if I have a question?
Our Mortgage Department phone line is 800-865-2612 Ext 438
How long will it take for the loan to be completed?
Although this may vary depending on the individual loan, our goal is 30 days or less from the time we receive needed documentation from borrower.
How much will I be charged in closing cost for a mortgage?
There are many items referred to as closing cost. At HHCU we charge a Mortgage Origination fee of $995.00, plus third part fees needed to complete your loan. For example, but not limited to, title work fee, appraisal fee, taxes, homeowner insurance. After completing application, you will be provided with a Loan Estimate with a breakdown of cost.
What are your fees for Mortgages?
HHCU Origination fee for a purchase or refinance is $995.00
Does HHCU service my Mortgage?
Yes, even if your loan was to be sold HHCU reminds all servicing.
Is my Mortgage rate fixed?
Yes, our purchase and refinance Mortgages are fixed rate/term.
Do you charge any prepayment penalties?
No HHCU does not charge to pay off early.
Do you have a minimum credit score?
HHCU has options available for no credit score.

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HHCU’s Home Loans

We have a mortgage option that fits your needs! Which of these options is best for your path forward?

View Rates ->

View FAQs ->

Local Service. Quick Decisions. Lower Fees.

Let us make your homeownership dream a reality!

What Members Are Saying ...

Financial Tools

Mortgage Affordability Calculator

Mortgage Estimation Calculator

Debt Pay-off Calculator

Buying a Home Tutorial

Working with a Mortgage Lender

Making a Down Payment on a House

Pay Down Student Loans with a Repayment Plan

Conventional Mortgage

Looking for a 15, 20 or 30 year fixed rate mortgage with a great interest rate and realistic down payment?

Low Down Payment Mortgage

Hoosier Hills Greater Option Home Loan

No Down Payment Mortgage Options

Hoosier Hills Purchase Plus Loan and USDA Loan

USDA (U.S. Department of Agriculture) Loan

Frequently Asked Questions

Holiday Closure

HHCU’s Home Loans

We have a mortgage option that fits your needs! Which of these options is best for your path forward?

View Rates ->

View FAQs ->

Local Service. Quick Decisions. Lower Fees.

Let us make your homeownership dream a reality!

What Members Are Saying ...

Holiday Closure

Leaving Our Website