Home Equity Lines & Loans

Make your home equity work harder for you

Compare your options

Access the equity in your home and use it to fund home improvements, major expenses, debt consolidation or even a much-deserved vacation.

Flexible Home Equity Line of Credit

Access the equity in your home with more control and flexibility. The Flexible HELOC works like a traditional line of credit but lets you move all or part of your balance into a fixed rate segment whenever you choose. As you pay it down, your available credit replenishes.

  • Borrow up to 90% of property value
  • Option to lock in a fixed rate on part or all of your balance
  • 10-year draw and up to 15-year repayment period
  • Maximum loan amount of $350,000

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Fixed Home Equity Loan

Cover a large expense or home project all at once. This loan option can also help you to consolidate debt at a lower rate to help you save more while paying it off faster.

  • Fixed-rate and payments
  • Repayment terms up to 15 years
  • Borrow up to 90% of property value

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Ideal Home Equity

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Why choose Ideal Credit Union

What people are saying

"The process of buying a home alone is stressful and confusing but Ideal Credit Union made the process so much easier. Everyone was very quick and informative, and answered all of our questions. Would highly recommend."

-Mary L., Ideal CU Member

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Why choose Ideal Credit Union

What people are saying

"Ko Xiong was Great! He was so knowledgeable, always available to answer questions and kept us well informed during the whole process. We love our new home! Thank you Ko and Ideal Credit Union!!!!"

-Kelley B., Ideal CU Member

Fixed Rate Home Equity Loan: Some housing exceptions apply. Rates subject to change at any time. Properties must be owner-occupied. Payment example: On a $20,000.00 loan with a 5 year term up to 80% property value at 6.540% APR, monthly payments would be $391.70. On a $20,000.00 loan with a 5 year term up to 90% property value at 6.875% APR, monthly payments would be $394.85. Maximum loan amount is $350,000. Closing costs range from $500 to $2,000. Maximum loan amount is $350,000. Eligible for homes in Minnesota and Wisconsin only. Consumer should consult a tax advisor for further information.

Home Equity Line of Credit: Minimum Annual Percentage Rate (APR) Floor of 4.00%. Maximum APR is 12.00%. APR calculation is subject to change monthly and is based on the Prime Rate as published in the Wall Street Journal. Required payments are calculated at 1% of the outstanding balance. Maximum loan amount is $350,000 with a 10-year draw period and up to 15-year repayment period. Properties must be owner-occupied. Eligible property types include SFD and Townhomes (up to 90%), and condos (up to 80%); Not eligible for multi-family properties. Some housing exceptions apply. Closing costs range from $500 to $2,000. Maximum loan amount is $350,000. Eligible for homes in Minnesota and Wisconsin only. The consumer should consult a tax advisor for information regarding the deductibility of interest and charges.