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Home Equity Line of Credit

Do it all with a Home Equity Line of Credit at Ideal Credit Union

Get the cash you need when you need it with an Ideal Home Equity Line of Credit. Access as little or as much of your credit line as you need for home renovations, a well-deserved vacation, debt consolidation, tuition, wedding expenses or whatever else you may need.

  • Borrow up to 90% of your home’s value
  • Low variable rate after promotional period
  • 24/7 access to funds with Ideal Digital Banking

Access your funds 24/7 with Ideal Digital Banking

You'll enjoy 24/7 access to your funds using Ideal Digital Banking — Simply transfer funds directly from your HELOC into your savings or checking account.

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Minimum Annual Percentage Rate (APR) Floor of 4%. Maximum APR is 12%. 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.