By Cindy Kurtz on Monday, Mar 5th, 2018
Category: Press Releases

Ideal CU Launches Zero Down Mortgage Product

(Woodbury, MN – March 5, 2018) Ideal Credit Union has launched a new Zero Down Mortgage product, the first of its kind in the local mortgage market place, which gives prospective home buyers another flexible option to achieve their dream of owning a home.

Ideal CU’s Zero Down program offers a low fixed rate with flexible terms. To qualify, applicants must have a minimum credit score of 700. The loan is available for purchase transactions and owner occupied residences up to a maximum loan amount of $475,000. Private Mortgage Insurance coverage is required and some restrictions may apply. Condos or multi-family properties are not eligible. Complete details and disclosure information can be found at

“This is a great differentiator for Ideal CU in the mortgage market space; there are no other lenders in our market place that offer a program of this nature,” said Faith Tholkes, VP of Mortgage Operations. “Offering zero down provides our members with flexible options that will allow them to achieve their goals of homeownership sooner than they may have dreamed.”

Ideal Credit Union offers a full range of mortgage solutions to fit the needs of borrowers, including fixed rate, FHA/VA, adjustable rate, refinancing options and more. Ideal CU also offers the HomeAdvantage® program, an exclusive, free service that can help users search, buy, sell and save on their next home. HomeAdvantage provides the tools and expertise needed to find and finance a home, and offers an attractive a rebate program that enables home buyers to earn cash back at closing. Since its inception, the HomeAdvantage program has paid out over $180,000 in rebates to hundreds of Ideal CU members. The average rebate per transaction is $1,140. Members who have a mortgage loan with Ideal also can earn VIP+ status if they meet other qualifying criteria. Information on the VIP+ program can be found at

Founded in 1926, Ideal Credit Union is a member owned financial institution that specializes in providing excellent member service, great rates and convenience to over 52,000 members. Ideal CU offers a complete range of services, including a full suite of electronic banking products, savings, checking, loans, mortgage products, exclusive VIP member payback, business services, investment services and more. Offices are located in Eagan, Hugo, Inver Grove Heights, North St. Paul, Stillwater and Woodbury. Visit for details and directions. Equal Housing Lender.

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