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Mortgage Loans

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Ideal Mortgage Loans

Home Loan Options

Find the right loan option for you. Need some help? Call us at 651-747-4663 or make an appointment to meet with an Ideal Mortgage Loan Advisor.

Conventional Mortgage Loan

The fixed rate conventional mortgage loan is the most popular loan available today. Apply Now

  • Competitive fixed rate
  • Up to 30 year terms*
  • Available for purchase or refinance
  • As low as 3% down payment options

FHA Mortgage Loan

This option is helpful for borrowers with limited funds and offers flexible credit requirements. Apply Now

  • Fixed and adjustable rate options
  • Available for purchase or refinance
  • As low as 3.5% down payment options

Adjustable Rate Mortgage (ARM) Loan

This mortgage loan offers a lower initial rate with built in rate protections for the borrower. Apply Now

  • 10/5, 10/1, 7/1, 5/1 available
  • Lower monthly payment
  • Initial fixed rate period

Jumbo Mortgage Loan

A jumbo loan is one way to buy a home that exceeds conforming loan limits of $484,350. Apply Now

  • Competitive fixed rate options
  • Available for purchase or refinance
  • As low as 5% down payment options

Simple Home Loan Refinance

The Simple Home Loan Refinance option makes refinancing more affordable with closing costs capped at $1,999. Apply Now

  • Maximum closing costs of $1,999 or less*
  • Fixed and variable rate options
  • Finance up to 80% of home's value

VA Mortgage Loan

VA guaranteed mortgage loans are available to Military Service Veterans, current active duty, service men and women and their surviving spouses. Apply Now

  • Competitive fixed rate options
  • Zero down payment
  • Mortgage insurance not required
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

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

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*Payment example: On a $250,000 home loan at 3.652% APR for a 30 year term, monthly payments would be $1,143.93 per month. Payments do not include applicable taxes and insurance and may result in higher payments.

**Payment example: On a $200,000 mortgage loan at 3.264% APR for a 15 year term, monthly payments would be $1,406.70. Payments do not include applicable taxes and insurance and may result in higher payments.

Adjustable Rate Mortgage Disclosures

1. Zero Down Mortgage Program: available for qualified applicants with minimum 700 credit score. Some restrictions may apply. Available for purchase transactions and owner occupied residence up to max loan amount of $475,000. Payment example: On a $200,000 mortgage loan at 5.181% APR for a 15 year term, monthly payments would be $1,600.51. This payment example does not include taxes and insurance and the payment will be higher than the disclosed payment. Subject to mortgage insurance approval. Not eligible for condos or multi-family properties.

2. No Lender Fee Mortgage Program: Maximum loan amount $453,100. Payments do not include amounts for taxes and insurance premiums. Offer subject to normal credit qualifications. 1% origination fee is waived. Rate subject to change. Property insurance is required. Consult your tax advisor regarding deductibility of interest. Payment example: On a $200,000 loan amount with a $250,000 purchase price for 30 years at 5.089% fixed APR, monthly proposed principle and interest payments would equal $1084.55. Payments do not include applicable taxes and insurance and may result in higher payments.

3. Simple Home Loan Refinance: Maximum loan amount $250,000. A minimum credit score of 680 is required to obtain this rate. Closing costs vary by state. The average closing cost is $1,299 but will not exceed $1,999 if appraisal is required. Offer is subject to normal credit qualifications. Finance up to 80% of homes value. Available for Single Family Home, 2-4 units, Condominium, and Townhome. Primary & secondary occupancie acceptable. Property insurance is required. Consult your tax advisor regarding deductibility of interest. Payment example: On a $250,000 owner occupied (primary residence) home loan at 3.652% APR for a 30 year term, monthly payments would be $1,143.93 per month. Payments do not include applicable taxes and insurance and may result in higher payments. Rates are subject to change at any time.

2018 - 19 Holiday Hours

Martin Luther King Jr Day

Monday, January 21st
All locations closed.


Presidents' Day
Monday, February 18th
All locations closed.


Good Friday
Friday, April 19th
All locations open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


Memorial Day
Monday, May 27th
All locations closed.


Independence Day
Thursday, July 4th
All locations closed.


Labor Day
Monday, September 2nd
All locations closed.


Columbus Day
Monday, October 14th
All locations closed.


Veterans Day
Monday, November 11th
All locations closed


Thanksgiving Day
Thursday, November 28th
All locations closed.


Day after Thanksgiving
All locations are open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


Christmas Eve
Tuesday, December 24th
All locations open until 1:00 p.m.
Lobby - 9:00 a.m. to 1:00 p.m.
Drive-thru - 9:00 a.m. to 1:00 p.m.


Christmas Day
Wednesday, December 25th
All locations closed.


New Year's Eve
Tuesday, December 31
All locations open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


New Years Day (2020)
Wednesday, January 1st
All locations closed