Home Equity Lines & Loans

Make your home equity work harder for you

Unlock Up to $800 in Savings—Your Home’s Equity, Your Financial Power!*

Take control of your finances with our limited-time Home Equity offer. Whether you're consolidating debt, upgrading your space, or managing life’s curveballs, you can save big on closing costs and move forward with confidence. Don’t wait, your path to financial clarity starts here!

Limited-Time Special - Offer Ends December 31, 2025!

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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 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 5 year term up to 80% property value at 6.456% APR, monthly payments would be $390.92. 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 5 year term up to 90% property value at 7.207% APR, monthly payments would be $397.99. 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.

*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. Subject to qualification. 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 and charges. Closing costs range from $500 to $2,000. Waived closing costs up to $800.00 on home equity applications taken between 10/01/2025 and 12/31/2025 and must close by 03/01/2025. This special discount is not transferable. Ideal RenoFi loans are not included in this promotion.

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 6.456% APR, monthly payments would be $390.92. 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 5 year term up to 90% property value at 7.207% APR, monthly payments would be $397.99. 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. Closing costs range from $500 to $2,000. Waived closing costs up to $800.00 on home equity applications taken between 10/01/2025 and 12/31/2025 and must close by 03/01/2025. This special discount is not transferable. Ideal RenoFi loans are not included in this promotion.