*New Home Equity Line of Credit: 4.99% APR for the First 6 Months. APR = Annual Percentage Rate. Intro rate shown of 4.99% is for homeowners up to 90% combined loan-to-value (CLTV). APR will be fixed during the 6-month introductory period. After the first six (6) months of the loan term, the introductory APR will revert to a variable APR based on the Prime Rate as published in The Wall Street Journal. Your post-promotional rate will be disclosed to you prior to signing for your line of credit. On a $10,000 home equity line of credit balance at 4.99% APR, monthly payments would be $100, 1% of the outstanding balance. After the introductory period, the minimum floor APR will be 4.00% and maximum APR will be 12%. Current APR ranges from 8.50% - 10.50%, based on the Wall Street Prime Rate which is currently 8.50%. An increase in the Index will result in an increase in the periodic rate. Offer valid for applications submitted and approved March 15 through August 31, 2024. Loan must close on or before September 30, 2024, for introductory rate to apply. This is a limited time offer and is subject to change at any time without notice. Maximum loan amount is $350,000 with a 10-year draw period and up to 15-year repayment period. Minimum credit score of 660 is required. 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. The consumer should consult a tax advisor for information regarding the deductibility of interest and charges. Offer applies to new lines of credit with Ideal CU. If refinancing an existing Ideal Credit Union Line of Credit, the limit must be increased by a minimum of $15,000 to be eligible.
OR New Home Equity Line of Credit: $700 off Closing Costs. 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. Minimum credit score of 660 is required. 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. The consumer should consult a tax advisor for information regarding the deductibility of interest and charges. Offer applies to new lines of credit with Ideal CU. Waived closing costs up to $700.00 on home equity applications submitted and approved June 1 through August 31, 2024. Loan must close on or before September 30, 2024, for discount to apply. This special discount is not transferable. Ideal RenoFi loans are not included in the $700 off closing costs promotion.
**New Fixed Rate Home Equity Loan: 0.25% Rate Reduction. APR = Annual Percentage Rate. The 0.25% interest rate deduction will apply to the term of the loan and cannot be combined with any other offers. Savings Example: A 0.25% reduction on a 7-Year Home Equity Loan is $1,014.72. Some housing exceptions apply. Rates subject to change at any time. Properties must be owner-occupied. Payment example: On a $20,000.00 loan with a 5-year term up to 80% property value at 6.375% APR, monthly payments would be $390.16. On a $20,000.00 loan with a 5-year term up to 90% property value at 7.125% APR, monthly payments would be $397.21. Maximum loan amount is $350,000. Closing costs range from $500 to $2,000. Maximum loan amount is $350,000. Eligible for homes in Minnesota and Wisconsin only. Consumer should consult a tax advisor for further information. Reduced rate of 0.25% APR on home equity applications submitted and approved June 1 through August 31, 2024. Loan must close on or before September 30, 2024, for discount to apply. This special discount is not transferable.
OR New Fixed Rate Home Equity Loan: $700 off Closing Costs. Some housing exceptions apply. Rates subject to change at any time. Properties must be owner-occupied. Payment example: On a $20,000.00 loan with a 5-year term up to 80% property value at 6.625% APR, monthly payments would be $392.50. On a $20,000.00 loan with a 5-year term up to 90% property value at 7.375% APR, monthly payments would be $399.58. Maximum loan amount is $350,000. Closing costs range from $500 to $2,000. Maximum loan amount is $350,000. Eligible for homes in Minnesota and Wisconsin only. Consumer should consult a tax advisor for further information. Waived closing costs up to $700.00 on home equity applications submitted and approved June 1 through August 31, 2024. Loan must close on or before September 30, 2024, for discount to apply. This special discount is not transferable. Ideal RenoFi loans are not included in the $700 off closing costs promotion.
