Home Equity & Mortgages

Home Equity Loans

A home equity loan can help you get the cash you need for almost any purpose. Depending on your needs, choose a home equity loan to borrow a specific dollar amount or a line of credit for access to funds whenever you need it.

  • No closing costs.
  • No appraisal or title fee.
  • Borrow from $10,000 to $250,000.
  • Borrow up to 85% loan-to-value (LTV).
  • Terms up to 10 years.
  • Interest may be tax deductible.
  • Quick loan processing and payout.

Contact any Branch Manager or call our lending specialists at (800) 276-8324 extension 233 for more information on home equity loans or to apply.

The rate you receive is based on the type of loan you apply for, the loan term, your personal credit profile, and the loan-to-value (LTV) of your home less any 1st mortgage balance. Repayment terms are based on the loan type. Closing costs are waived on new loans with a $10,000 or more opening balance. Early termination fee and other loan conditions may apply. Property insurance required. Flood insurance may be required. Consult your tax advisor regarding tax deductibility.


7-Year Home Equity Loan

A low fixed rate and convenient repayment term make this our most popular home equity loan. You'll enjoy an affordable monthly payment and have peace of mind that it won't go up during the term of your loan. Whether you are opening a new home equity loan or refinancing one from another lender, we'll make it easy.

  • Rates as low as 4.49% APR.
  • Fixed rate.
  • Up to 7-year term.
  • No closing costs.
  • No appraisal or title fees.
  • No application fee.
  • Borrow $10,000 to $250,000.
  • Borrow up to 85% loan-to-value (LTV).

The rate you receive is based on loan requirements and your personal credit profile. Representative example: Pay $14.01 per month per $1,000 borrowed for 84-months at 4.74% Annual Percentage Rate (APR). Rate shown is lowest available on loans $10,000 to $250,000. Requires auto-pay from a Tech CU account and e-Statements; rate is 4.99% APR without these services. Rates may change without notice. Minimum loan amount is $10,000 to have closing costs waived. We will lend up to 85% of the appraised home value less any 1st mortgage balance; $250,000 maximum loan amount. Credit limited to owner-occupied residences. All persons on property title are required on the loan application. Property insurance required. Flood insurance may be required. Early termination fee and other loan conditions may apply. Refinancing of current Tech CU home equity loans require $10,000 new money. Subject to credit approval and underwriting.


Flex Equity Line

Enjoy easy access to your home equity line of credit through convenience checks and balance transfers. You'll have the flexibility to use only the amount you need, when you need it.

  • NO closing costs.
  • NO appraisal or title fees.
  • NO application fee.
  • 3.24% APR for the first 12-months.
  • Credit line from $10,000 to $250,000.
  • Borrow up to 80% loan-to-value (LTV).
  • 10-year draw period with 10-years to repay.
  • Interest may be tax deductible.

Introductory Annual Percentage Rate (APR) is for the first 12-months on new Flex Equity Line loans. After the introductory period, the APR may vary monthly and is based on the Prime Rate as of the last business day of the previous month. On 7/31/2020 the Prime Rate was 3.25%. The APR ranges from Prime Rate + .49% to Prime Rate + 2.74%. The rate will not adjust to below 3.00% APR or higher than 15.00% APR during the term of the loan. Closing costs are waived on new loans with a $10,000 or more opening balance. Property insurance required. Flood insurance may be required. Early termination fee and other loan conditions may apply. Refinanced Tech CU home equity loans do not qualify for introductory rate. We will lend up to 80% of your home value less any 1st mortgage balance. Subject to credit approval and underwriting. Consult your tax advisor regarding tax deductibility.

Click for disclosure of terms or to learn more about home equity lines of credit. (Get Adobe Acrobat Reader)



Planning to purchase or refinance a home? CU Mortgage Service, a Tech Credit Union company, offers a full range of traditional and special program mortgages with competitive rates and low closing costs. Whether you're a first time home buyer or experienced mortgage shopper, our loan specialists will work to help you select the best mortgage for your needs and make the entire process as easy as possible.

  • Fixed Rate Conventional Mortgages.
  • First Time Homebuyer.
  • Refinancing.
  • Specialty Mortgages.

Online Account Access
If you make your mortgage payment to Midwest Loan Services, you can access your account online 24-hours a day, seven days a week.  Mortgage Account Login


CU Mortgage Service

225 Aberdeen Drive, Suite A
Valparaiso, IN 46385
(800) 285-0670


Office Hours Monday through Friday 8:00am - 5:00pm
  After Hours By Appointment
The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) is designed to enhance consumer protection and reduce fraud by requiring a nationwide registration system for mortgage loan originators (MLO). Each mortgage loan originator obtains a unique identifier from the National Mortgage Licensing System and Registry (NMLS). This information will allow a consumer apply for a mortgage loan to verify the MLO is properly registered and obtain basic information about the MLO regarding their past history in this area.