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Home Equity Lines & Loans

Make your home equity work harder for you

Compare your options

Access the equity in your home and use it to fund home improvements, major expenses, debt consolidation or even a much-deserved vacation.

Home Equity Special - $500 Capped Closing Costs!

Ideal CU is capping closing costs at $500 for all Home Equity Loan or Line of Credit applications received between June 15, 2022 and July 31, 2022. Get started and apply today!

Home Equity Line of Credit

Borrow funds against your home's equity when you need it. This is a great option for ongoing home improvement projects, sudden expenses, or just to have quick access to your funds in case of an emergency.

  • Borrow up to 90% of property value
  • Enjoy a competitive variable rate
  • 10-year draw and up to 15-year repayment period
  • Maximum loan amount of $350,000

Apply OnlineLearn More


Fixed Home Equity Loan

Cover a large expense or home project all at once. This loan option can also help you to consolidate debt at a lower rate to help you save more while paying it off faster.

  • Fixed-rate and payments
  • Repayment terms up to 15 years
  • Borrow up to 90% of property value

Apply OnlineLearn More

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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

Fixed Rate Home Equity Loan: 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 90% property value at 3.74% APR, monthly payments would be $365.99. Closing costs range from $500 to $2,000. Closing costs capped up to $500.00 from 06/15/2022 through 07/31/2022. Maximum loan amount is $350,000. Consumer should consult a tax advisor for further information.

Home Equity Line of Credit: Minimum Annual Percentage Rate (APR) Floor of 4.75%. Maximum APR is 12.00%. 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. 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. Closing costs capped up to $500.00 from 06/15/2022 through 07/31/2022. Maximum loan amount is $350,000. Consumer should consult a tax advisor for further information.