Flexible Home Equity Line of Credit

Do it all with a Flexible Home Equity Line of Credit

Access the equity in your home with more control and flexibility. The Flexible HELOC works like a traditional line of credit but lets you move all or part of your balance into a fixed rate loan segment whenever you choose. As you pay it down, your available credit replenishes.

  • Borrow up to 90% of property value
  • Option to lock part or all of your HELOC balance into a fixed rate
  • 24/7 access to funds with Ideal Digital Banking — Simply transfer funds directly from your HELOC into your savings or checking account
  • 10-year draw and up to 15-year repayment period
  • Maximum loan amount of $450,000

Access your funds 24/7 with Ideal Digital Banking

You'll enjoy 24/7 access to your funds using Ideal Digital Banking — Simply transfer funds directly from your HELOC into your savings or checking account.

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Ideal Home Equity

Minimum Annual Percentage Rate (APR) Floor of 4.00%. 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 $450,000 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 $450,000.

*Flexible Home Equity Line of Credit: Minimum Annual Percentage Rate (APR) Floor of 4.00%. Maximum APR is 12.00%. APR is variable, subject to change monthly and 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 $450,000 with a 10-year draw period and up to 15-year repayment period. Properties must be owner-occupied. Not eligible for multi-family properties. Subject to qualification. Eligible for homes in Minnesota and Wisconsin only. Borrowers may request to convert up to three fixed-rate segments at any given time; rates for fixed rate loan segments are determined at the time of the request. A $250.00 processing fee applies for each fixed-rate segment established. Consumer should consult a tax advisor regarding the deductibility of interest and charges. Closing costs range from $500 to $2,000. Waived closing costs up to $800.00 on home equity applications taken between 10/01/2025 and 12/31/2025 and must close by 03/01/2025. This special discount is not transferable. Ideal RenoFi loans are not included in this promotion.

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 80% property value at 6.456% APR, monthly payments would be $390.92. Payments do not include amounts for property taxes and hazard insurance, and the actual payment obligation will be higher. On a $20,000.00 loan with a 5 year term up to 90% property value at 7.207% APR, monthly payments would be $397.99. Maximum loan amount is $450,000. Closing costs range from $500 to $2,000. Maximum loan amount is $450,000. Eligible for homes in Minnesota and Wisconsin only. Consumer should consult a tax advisor for further information. Closing costs range from $500 to $2,000. Waived closing costs up to $800.00 on home equity applications taken between 10/01/2025 and 12/31/2025 and must close by 03/01/2025. This special discount is not transferable. Ideal RenoFi loans are not included in this promotion.