HERO Home Loan

HERO Home Loan

A Home Loan for Our Community Heroes


Heroes unite us and the communities we live in. As home prices increase, homeownership may seem out of reach. Down payments are often the biggest obstacle for would-be home owners. ISU Credit Union wants to make the dream of homeownership obtainable for our community heroes and honor their service. The HERO Home Loan offers a low down payment* loan option as well as a reimbursement of half the origination fee. This loan is our thank you for all you do for our communities! 

  • Low Down Payment (99% LTV Ratio)*
  • Origination Fee Reimbursement (up to 50%)
  • Fast Approval and Closing Process
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*The Hero Home Loan Program allows a loan to value on a primary residence purchase of up to 99.00% and a loan to value of up to 95.00% on a rate and term refinance. (Must meet all loan and private mortgage insurance underwriting guidelines to qualify). Max loan amount of $484,300. Once the loan has been closed, ISU Credit Union will show appreciation for your service to our community with a gift to the member of an amount equal to ½ of the loan origination fee. This offer can not be combined with any other special loan program that ISU CU offers. To be eligible for the Hero Home Loan Program, at least one borrower must be currently employed at one of the following employers at the time of application and closing: any federal, state or local law enforcement agency, any public and private educational institution, any fire department, any nurse (including all designations, including CNA), Emergency Medical Technicians (EMT) and/or paramedics, and any active duty Military (any branch). This program only applies to primary resident stick built conventional mortgage loans. Member is responsible for all closing costs. Member must have been employed for at least 30-days prior to closing of the mortgage loan. All industry and private mortgage insurance loan underwriting requirements apply, including maximum loan-to-value, debt-to-income ratio, full documentation, etc. Rates will be determined using the same criteria as other ISUCU mortgage loans. Additional restrictions and conditions may apply. Rates, terms and conditions subject to change without notice. Certain membership qualifications may apply. Please contact ISU Credit Union Mortgage Loan Originator for complete details. Klint Olsen: 208-705-0862 or Cori Johnson: 208-705-3423.



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