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Mortgage Main Slider

Mortgage Loans

Mortgage Main Slider

Mortgage Loans

Ideal Home Loans & Refinance

Find the right solution for you

Whether looking to purchase or refinance, Ideal Credit Union is here to help you from start to finish. Find the right solution for you. Need some help? Call us at 651-747-4663 or make an appointment to meet with an Ideal Mortgage Loan Officer.

Start Up First-Time Homebuyers Program

Ready to buy your first home or get back into homeownership after a few years? Ideal Credit Union’s Start Up First-Time Homebuyers Program is here to help you make it happen. If you've never owned a home, or if it’s been more than three years since you last owned one, you might qualify as a first-time homebuyer.

Start your journey today—apply now and take the first step toward owning your dream home! Learn More

Conventional Mortgage Loan

The fixed-rate conventional mortgage loan is the most popular loan available today. Apply Now

  • Competitive fixed rate
  • Up to 30-year terms*
  • Available for purchase or refinance
  • As low as 3% down payment options

FHA Mortgage Loan

This option is helpful for borrowers with limited funds and offers flexible credit requirements to help you qualify. Apply Now

  • Fixed and adjustable-rate options
  • Available for purchase or refinance
  • As low as 3.5% down payment options

Adjustable-Rate Mortgage (ARM) Loan**

This mortgage loan offers reduced initial rates with built-in rate protections for the borrower. Apply Now

  • 10/5, 10/1, 7/1 and 5/1 available
  • Lower monthly payment
  • Select the term that's best for you

Jumbo Mortgage Loan

A jumbo loan is one way to buy a home that exceeds conforming loan limits of $766,550. Apply Now

  • Competitive fixed-rate options
  • Available for purchase or refinance
  • As low as 5% down payment options

Simple Home Loan Refinance1

The Simple Home Loan Refinance option makes refinancing more affordable with closing costs capped at $1,999. Apply Now

  • Maximum closing costs of $1,999 or less
  • Fixed and variable rate options
  • Finance up to 80% of the home's value

VA Mortgage Loan

VA guaranteed mortgage loans are available to Military Service Veterans, current active duty, service men and women and their surviving spouses. Apply Now

  • Competitive fixed-rate options
  • Zero down payment
  • Mortgage insurance not required

Out of State Lending

Our partnership with Servion allows us to offer home loans in 42 states, with financing up to $766,550. Available on primary residences, second homes or investment properties, these loans can be used to purchase or refinance an out of state home. Apply Now

Construction Lending

We partner with Falcon National Bank to provide construction lending opportunities for ground up construction, purchases that need remodeling, tearing down, building new and also self-building with experience. Final financing stays with Ideal CU. Apply Now

Ideal Home Loans

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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

* APR is Annual Percentage Rate. Payment example: On a $300,000 owner occupied (primary residence) home loan at 7.142% APR for a 30 year term, monthly payments would be $1,995.91 per month. Payments do not include applicable taxes and insurance and may result in higher payments.
Payment example: On a $250,000 mortgage loan at 6.601% APR for a 15 year term, monthly payments would be $2,160.63. Payments do not include applicable taxes and insurance and may result in higher payments.

 

**APR is Annual Percentage Rate. Interest rates are subject to change. Interest rates and payments may increase after consummation. After the initial period, your interest rate can increase or decrease every twelve months according to the CMT index plus the margin. See Adjustable-Rate Mortgage Disclosures.

Rates as of:

 

1 Simple Home Loan Refinance: Maximum loan amount $350,000. A minimum credit score of 680 is required to obtain this rate. Closing costs vary by state. The average closing cost is $1,299 but will not exceed $1,999 if appraisal is required. Offer is subject to normal credit qualifications. Finance up to 80% of the home's value. Available for Single Family Home, 2-4 units, Condominium, and Townhome. Primary & secondary occupancies acceptable. Property insurance is required. Consult your tax advisor regarding deductibility of interest. Payments do not include applicable taxes and insurance and may result in higher payments. Rates are subject to change at any time.