Fixed & Adjustable-Rate Mortgages

Affordable payments start with a competitive rate

Flexible loan terms help you find a mortgage payment that fits your budget

Loans are available for homes and vacation properties in 42 states

Refinance your way with flexible options that fit your goals

You'll feel at home here because we'll help you find the right mortgage

Whether you want a Colonial or condo, a modern townhouse or vintage Victorian, you'll find mortgages at Ideal Credit Union that fit your budget and your lifestyle. 

Conventional Mortgage Loan

There's good reason this is the most popular home loan option. A fixed interest rate means you'll know what to expect for your monthly payments through the full term. If you're looking for predictability, this is the way to go. 

  • Consistent monthly payments on principal and interest help you budget accurately
  • Competitive fixed rates can keep your monthly payments in check
  • Up to 30-year terms* for a payoff time line that fits your needs
  • Down payment options as low as 3% help you move in with less upfront cost
Adjustable-Rate Mortgage (ARM) Loan**

An ARM puts homeownership within reach by providing a lower initial interest rate that's fixed for a period of time. It's a smart option for buyers with flexibility. After a period of 10, 7 or 5 years (depending on your choice), the rate may be adjusted annually and the loan limits the size of future rate increases. 

  • 10/5, 10/1, 7/1 and 5/1 terms available with the first numeral indicating the fixed-rate time period (in years) and the second numeral showing how often the rate will adjust (in years)
  • Lower monthly payment from the outset so you can put your money to use elsewhere
  • Lower initial payments can make it easier to qualify for a larger loan amount, which can be helpful in competitive housing markets.


Ideal Credit Union can make buying your Minnesota dream home a reality with the right mortgage loan. Our mortgage lenders are ready to assist you.

Learn more about our home loans by making an appointment with our team.
Ideal Credit Union Mortgage Lender Cynthia Stewart.
Cynthia Stewart

Cynthia has been with Ideal CU since 1991, working in the cash services, member service, and mortgage areas. With years of experience, Cynthia is dedicated to understanding members' unique needs and ensuring they have the best financial solutions.

Email: [email protected]
Phone: 651-773-2843
NMLS#: 446884

Apply with Cynthia

Available to meet in-person at the following offices:

Denise Swanson

Denise is a Mortgage Loan Officer at Ideal Credit Union with more than 14 years of experience. She works with members throughout the home loan process and is known for her patient approach. Denise listens carefully to tailor solutions to each member’s needs.

Email: [email protected]
Phone: 651-773-2823
NMLS#: 888469

Apply with Denise

Available to meet in-person at the following offices:

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Disclaimers

* APR is Annual Percentage Rate. Payment example: On a $300,000 owner occupied (primary residence) home loan at 6.130% APR for a 30 year term, monthly payments would be $1,798.65 per month. On a $250,000 mortgage loan at 5.588% APR for a 15 year term, monthly payments would be $2,026.16. 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.