Mortgage Specials
Ideal's Mortgage Team works hard to bring you options that fit your needs best. Take a look at our current specials below, then meet with us to learn more about how we can help you achieve your goals.
10/1 ARM Special
Exciting 10/1 ARM Special – Limited Time Offer!**
Unlock Exceptional Savings with Our 10/1 Adjustable-Rate Mortgage
Are you ready to take advantage of one of the best mortgage deals around? Ideal Credit Union is thrilled to announce our exclusive 10/1 Adjustable-Rate Mortgage (ARM) Special, available through October 31st! With an incredible 5.875% Rate, 6.691% APR*, this offer is designed to help you save more on your monthly payments and achieve your home financing goals with confidence.
Why Choose Our 10/1 ARM?
- Lower initial rates for greater affordability
- Rate locked in for 10 years, providing peace of mind
- Ideal for homebuyers planning to move or refinance within a decade
- Potential for significant savings compared to a 30-year fixed-rate mortgage
Offer available for applications accepted and approved by October 31, 2024. Closing required by February 28, 2025.
Act Now - Limited Availability!
Don't miss this opportunity to take advantage of our competitive rate on 10/1 ARM (Adjustable Rate Mortgage) mortgages. Whether you're a first-time buyer or looking to upgrade, this limited-time offer could be your key to affordable homeownership.
Cabin or Second Home Loan1
Now offering a special rate to purchase a second home or cabin! Apply Now
- Eligible Four-Season Properties
- Competitive fixed and adjustable rates
- Homes located in Minnesota and Wisconsin
Zero Down Mortgage Loan2
Get into your new home sooner with Ideal's Zero Down Mortgage loan. Apply Now
- Zero down at closing
- Competitive fixed rate
- Up to 25-year terms*
Additional Mortgage Programs
Additional products and rates are available, please contact us for more information.
This email address is being protected from spambots. You need JavaScript enabled to view it. - Call 651-747-4663
Community Heroes
Community Heroes Mortgage Program
If you work full or part-time in any of this program's eligible occupations or are former military, you are eligible for a special 1% down payment offer on a traditional 30-year fixed rate* or adjustable rate mortgage. Learn more and see program eligibility.
Reduced Coverage
Medical & Dental Professionals Reduced Coverage Program3
The Reduced Coverage Program is designed for borrowers with high debt-to-income (DTI) ratios due to student loans or employment beginning post-closing. The program provides expanded benefits for borrowers whose professions indicate strong earning potential. Reduced Coverage benefits include:
- Reduced mortgage insurance premium
- 100% financing up to $850,000
- Student debt is excluded for any eligible professional currently in deferment or forbearance that is greater than 12 months
To get started, apply online or set up an appointment to meet with us for more information.
Meet the Ideal Mortgage Team
Meet the Team
Cynthia Stewart
Cynthia has been with Ideal CU since 1991. She has worked in the cash services area, member service and mortgage area. Cynthia has dedicated her career to identifying our member’s needs to ensure the products and services they have are best tailored to their needs.
Email:
Phone: 651-773-2843
NMLS#: 446884
Doug Dotseth
With over a decade of mortgage lending experience, Doug is committed to finding the best solutions for homebuyers and homeowners, whether purchasing or refinancing. He takes pride in guiding members through every step of the mortgage process to ensure a smooth and stress-free experience. In his free time, Doug enjoys golfing, fishing and cheering on Minnesota sports teams.
Email:
Phone: 651-773-2824
NMLS#: 1857285
Ko Xiong
Ko joined the Ideal Mortgage team in 2017. As Mortgage Sales Manager, Ko focuses his efforts on ensuring that our members are equipped with the tools and resources needed to make informed decisions. Ko enjoys sharing in the home buying or refinancing journey as it brings him great joy seeing how Ideal's products and services benefit our member's lives.
Email:
Phone: 651-773-2820
NMLS#: 1264959