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 Special - 4.87% APR for the First 12 Months!*

Do it all with a Flexible Home Equity Line of Credit! Now is the perfect time to put your home's equity to work helping you achieve your goals. Apply online or schedule an appointment to visit an Idea CU branch near you.

Limited-Time Special - Offer Ends September 30, 2025!

See Details

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 loan segment whenever you choose. As you pay it down, your available credit replenishes.

  • Borrow up to 90% of property value
  • Option to lock part or all of your HELOC balance into a fixed rate
  • 24/7 access to funds with Ideal Digital Banking — Simply transfer funds directly from your HELOC into your savings or checking account
  • 10-year draw and up to 15-year repayment period
  • Maximum loan amount of $450,000

Apply OnlineLearn More

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 20 years
  • Borrow up to 90% of property value

Apply OnlineLearn More

renofi

Convenient Solutions for Your Home Renovations

Ideal Credit Union has partnered with RenoFi to provide members an option to get the most money and lowest monthly payment for your home renovation. We’ve designed RenoFi Loans in a way that makes life much easier for homeowners and their general contractors. Once approved, homeowners receive 100% of cash up front. No draws, no inspections.

  • Choose between Flexible HELOC and Fixed Rate Home Equity Loan options
  • Borrow up to 90% of the after renovation value of your home
  • Flexible home equity line of credit option offers a 10-year draw and up to 15-year repayment period1
  • Fixed-rate home equity loan terms up to 20 years2
  • No repayment penalty

Find out how much you can borrow!

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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

Flexible Home Equity Line of Credit: Minimum Annual Percentage Rate (APR) Floor of 4.00%. Maximum APR is 12.00%. APR is variable, subject to change monthly and 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 $450,000 with a 10-year draw period and up to 15-year repayment period. Properties must be owner-occupied. Not eligible for multi-family properties. Some housing exceptions apply. Closing costs range from $500 to $2,000. Eligible for homes in Minnesota and Wisconsin only. Borrowers may request to convert up to three fixed-rate segments at any given time; rates for fixed rate loan segments are determined at the time of the request. A $250.00 processing fee applies for each fixed-rate segment established. Consumer should consult a tax advisor regarding the deductibility of interest.

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 7 year term up to 80% property value at 6.712% APR, monthly payments would be $295.87. Payments do not include amounts for property taxes and hazard insurance, and the actual payment obligation will be higher. On a $20,000.00 loan with a 7 year term up to 90% property value at 7.461% APR, monthly payments would be $304.00. Maximum loan amount is $450,000. Closing costs range from $500 to $2,000. Maximum loan amount is $450,000. Eligible for homes in Minnesota and Wisconsin only. Consumer should consult a tax advisor for further information.

*New Home Equity Line of Credit: 4.87% APR for the First 12 Months. APR = Annual Percentage Rate. Intro rate shown of 4.87% is for homeowners up to 90% combined loan-to-value (CLTV). APR will be fixed during the 12-month introductory period. After the first twelve (12) months of the loan term, the introductory APR will revert to a variable APR based on the Prime Rate as published in The Wall Street Journal. Your post-promotional rate will be disclosed to you prior to signing for your line of credit. On a $10,000 home equity line of credit balance at 4.87% APR, monthly payments would be $100, 1% of the outstanding balance. Payments do not include amounts for property taxes and hazard insurance premiums, and the actual payment obligation will be higher. After the introductory period, the minimum floor APR will be 4.00% and maximum APR will be 12%. Current APR ranges from 7.50% - 10.50%, based on the Wall Street Prime Rate which is currently 7.50%. An increase in the Index will result in an increase in the periodic rate.  Borrowers may request to convert up to three fixed-rate segments at any given time; rates for fixed rate loan segments are determined at the time of the request. A $250.00 processing fee applies for each fixed-rate segment established. Offer valid for applications submitted and approved May 1 through September 30, 2025. Loan must close on or before October 31, 2025, for introductory rate to apply. This is a limited time offer and is subject to change at any time without notice. Maximum loan amount is $450,000 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 90%); Not eligible for multi-family properties. Some housing exceptions apply. Closing costs range from $500 to $2,000. The consumer should consult a tax advisor for information regarding the deductibility of interest and charges. Offer applies to new lines of credit with Ideal CU. If refinancing an existing Ideal Credit Union Line of Credit, the limit must be increased by a minimum of $15,000 to be eligible.