woman painting

Home Improvement & More

Home Equity Loans

What does your finished look like? Get there with Ideal's Home Equity options.

Slider

Home Equity Loans

1. Some housing exceptions apply.
2. Minimum Annual Percentage Rate (APR) Floor of 4%. APR calculation is subject to change monthly and is based on the Prime Rate as published in the Wall Street Journal.
3. Interest only payments can be made for the first five years during draw period. After the draw period ends, required payments are calculated at $1.25 per $100 of the outstanding balance or $150, whichever is greater.
oPayment example: On a $35,000.00 loan with a 5 year term up to 90% property value at 4.620%APR, monthly payments would be $654.42. Closing costs range from $275.00 to $590.00.
+Closing costs may range from $0 - $1000.

 

Home Equity Rates

Rates as of:
Home Equity TypeTermAPR***
Home Equity Installmentº*
(up to 90% property value)1
Up to 15 years4.50% - 6.75%
Home Equity Installmentº*
(up to 80% property value)1
Up to 15 years3.625% - 5.125%
Visa Platinum Home Equity Line of Credit+
Up to 20 years4.75% - 15.00%
No Equity Home Improvement LoanooUp to 60 months7.50%

1. Some housing exceptions may apply.

oPayment example: On a $35,000.00 loan with a 5 year term up to 90% property value at 4.620% APR, monthly payments would be $654.42. Closing costs range from $275.00 to $590.00.

ooMaximum loan amount is $25,000. A minimum credit score of 680 is required to obtain this loan. Offer is subject to normal credit qualifications. Payment Example: On a No Equity Home Improvement Loan with a term of 5 years at 7.50%APR, monthly payments would be $500.95.

*Actual rate based on applicant's payment and credit history. Additional appraisal fee may apply should one be needed.

+Closing costs may range from $0 - $1000.

***APR= Annual Percentage Rate.

Ideal Home Equity

2018 Holiday Hours


New Year's Day
Monday, January 1st
All locations closed.


Martin Luther King Jr Day
Monday, January 15th
All locations closed.


Presidents' Day
Monday, February 19th
All locations closed.


Good Friday
Friday, March 30th
All locations open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


Memorial Day
Monday, May 28th
All locations closed.


Independence Day
Wednesday, July 4th
All locations closed.


Labor Day
Monday, September 3rd
All locations closed.


Columbus Day
Monday, October 8th
All locations closed.


Veterans Day
Monday, November 12th
All locations closed


Thanksgiving Day
Thursday, November 22nd
All locations closed.


Day after Thanksgiving
All locations are open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


Christmas Eve
Monday, December 24th
All locations open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


Christmas Day
Tuesday, December 25th
All locations closed.


New Year's Eve
Monday, December 31
All locations open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


New Years Day
Tuesday, January 1st
All locations closed