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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 Line of Credit

Introductory rates as low as 1.99% APR* for 12 months on a new Home Equity Line of Credit at Ideal Credit Union. Learn More!

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

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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

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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 = Annual Percentage Rate. Intro rate shown of 1.99% is for homeowners with 70% combined loan-to-value (CLTV). Intro rate is 2.49% for up to 80% CLTV and 3.49% for up to 90% CLTV. APR will be fixed during the 12-month introductory period. After the first twelve (12) 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 1.99% APR, monthly payments would be $100, 1% of the outstanding balance. After the introductory period, the minimum floor APR will be 6.25% and maximum APR will be 12%. An increase in the Index will result in an increase in the periodic rate. Offer valid for applications submitted and approved September 15 through November 30, 2022. Loan must close on or before January 31, 2023 for introductory rate to apply. This is a limited-time offer and is subject to change at any time without notice.

Fixed Rate Home Equity Loan: Some housing exceptions apply. Rates subject to change at any time. Properties must be owner-occupied. Payment example: $20,000.00 loan with a 5 year term up to 90% property value at 4.49% APR, monthly payments would be $372.77. Closing costs range from $500 to $2,000. 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 6.25%. 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. Maximum loan amount is $350,000. Consumer should consult a tax advisor for further information.