Apply for a Mortgage

Looking to purchase, build or refinance?

Our mortgage process is simple. You can apply for your mortgage online, electronically sign your disclosures and upload required documentation for your convenience!  Our local underwriting contributes to faster turn times to better serve you. 

We value our members who trust Heritage Federal Credit Union for their home financing. This can be an exciting time as you may be relocating, upgrading or building a new home. We have many satisfied members who have shared their experiences with our team. You can view their stories here at Zillow.

Conventional Mortgages

  • Up to 97% financing available

  • 10, 15, 20, and 30 year fixed-rate terms available

  • 3, 5 and 7 year adjustable rate mortgages (ARMs)

  • Available for condominiums, second homes and investment properties (up to a four-plex)

Renovation Loan

  • Can be used for a home purchase or a home refinance

  • Up to 95% financing available

  • One-Time Close

  • Use of a licensed contractor is required

  • Value is calculated subject to the completion of the renovation

  • No limit on the amount of funds towards renovation costs. (As long as the equity is sufficient)

  • Low payments (interest only) during the renovation period

  • 6 month renovation term (can be extended)

First Time Home Buyers Programs

  • Down payment as little as 3%

  • Entire down payment can be from gifted funds

  • Reduced Private Mortgage Insurance (PMI) coverage resulting in lower monthly payments

  • Income restrictions may apply

  • Down payment assistance is available through HOPE of Evansville

VA Home Loan

  • Fixed-rates available at terms up to 30 years

  • Eligible veterans, reservists, and Active Duty personnel and their eligible spouses with suitable credit, sufficient income and a valid Certificate of Eligibility (COE) can take advantage of 100% financing options with a VA Mortgage, guaranteed by the Department of Veterans Affairs

  • The property must be occupied by the veteran as their primary residence

FHA Home Loan 

  • Down payments as low as 3.5%

  • More lenient requirements for income and credit history

  • Gifts are allowed for down payment and closing costs

Construction Loans

  • Up to 95% financing available

  • Jumbo construction financing available

  • 6 month minimum construction term (can be extended)

  • One-time close

  • Fixed rate that is locked in the beginning, through the life of the loan

  • Flexible, local draws

  • Equity in the lot can be used as a down payment

Jumbo Loans

  • Loans available for over $453,100

  • 15, 20, and 30 year fixed-rate terms available

  • Up to 80% financing available

  • Available for both purchases and refinances

Lot Loans

  • Up to 80% financing available

  • Loans available up to $100,000

  • 1 year adjustable rate mortgage (ARM)

  • Financing up to 10 acres

Bridge Loans

  • Fixed rate, short term loan

  • A bridge loan is a fixed rate short-term loan on an individual member’s primary residence. The purpose of the loan is to utilize the equity in the home for a down payment on a new home

Apply for a Mortgage


Heritage Federal Credit Union NMLS# 423066.

SAFE Act: Secure and Fair Enforcement for Mortgage Licensing Act of 2008

On July 28, 2010, the National Credit Union Association (NCUA) and other Federal Agencies published a final rule to implement the federal registration requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act). The registration requirements apply to all employees acting in the capacity of a Mortgage Loan Originator (MLO). The SAFE Act requires all MLOs to register with the Nationwide Mortgage Licensing System and Registry (NMLS). Once registered, each MLO is provided a Unique Identifier from the NMLS. An MLO must provide this unique identifier to each mortgage loan applicant upon request and prior to the employee acting as an MLO. For more information about the registry, please visit the NMLS website.

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