Interra Credit Union is a member-owned, not-for-profit financial cooperative (also called a co-op). This means that their members pool their savings, borrow, and obtain related financial services together. Members are therefore united by a common bond and democratically operate the credit union.
What down payment assistance programs are available?
Beginning in 2026, Lacasa will utilize the FHLBI Down Payment Assistance Program. This program may provide up to $20,000 or 20% of the purchase price, whichever is less, and is limited to first-time homebuyers.
What types of mortgages are available?
Conventional and Adjustable Rate Mortgage are available.
Are there loan options for low-to-moderate income buyers?
Yes. Freddie Mac and Fannie Mae both offer loan programs for eligible low-to-moderate income borrowers that feature low down payments (as low as 3%) and reduced interest rates.
Can ITIN borrowers get a loan without a co-applicant?
Yes, ITIN borrowers may apply without an applicant.
What cultural competencies are available?
Interra has several Spanish-speaking representatives, and applicants can select Spanish as their preferred language when applying online.
What sets this institution apart from others?
Interra works with borrowers with a credit score of 580+. And they will work with non-traditional borrowers that have not established credit yet.
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