The Home You Want From the Lenders You Trust.


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We know that the idea of taking out a mortgage can be intimidating. That’s why Illinois Educators Credit Union is here to help. We want to help you with your home ownership goals, whether you’re


  • Purchasing a home

  • Building your dream home

  • Refinancing your existing home

  • Taking cash out of the equity in your home


With the help of an IECU Loan Officer to walk you through the process, we simplify it all so you can focus on what really matters. Our mortgages also allow you to escrow for taxes and insurance! You’ll then be able to view your mortgage details on your monthly e-statement and even make your payments with us.

Happy IECU Mortgage Homeowners



IECU offers all types of mortgages, including:

  • Conventional

  • Construction

  • FHA

  • VA

  • Vacation Home

  • Rental Property

IECU mortgages are available in a variety of terms, including:

Fixed-Rate Mortgages (FRM): An FRM offers the buyer a set interest rate over the length of the loan. Most loans are for 10, 15 or 30 years. FRMs provide the peace of mind, since their monthly payments will not change from year to year.

Adjustable-Rate Mortgages (ARM): An ARM gives the buyer new interest rates at different points in the life of the loan, which can fluctuate up or down every year.  ARMs can offer lower interest rates than FRMs, but at the risk that payments will increase at a later time.

There are also combination mortgages, which might be FRMs for the first 10 years, and ARMs for the last 20. But don’t worry, an IECU Mortgage Specialist will help you decide which type is the most appropriate for your financial situation.


For questions on IECU mortgage products, please contact an IECU Loan Officer at 217-528-2642, ext. 406.

NMLS #807421



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