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Mortgage Specials

Mortgage Specials

Ideal's Mortgage Team works hard to bring you options that fit your needs best. Take a look at our current specials below, then meet with us to learn more about how we can help you achieve your goals.

Cabin or Second Home Loan1

Now offering a special rate to purchase a second home or cabin! Apply Now

  • Eligible Four-Season Properties
  • Competitive fixed and adjustable rates
  • Homes located in Minnesota and Wisconsin

Home Loan Origination Special2

Pay no more than $995 in origination on your next home purchase or refinance. Learn More

  • Pay no more than $995 origination fee
  • Home purchase and refinance options
  • Apply by July 31, 2022 to be eligible

Zero Down Mortgage Loan3

Get into your new home sooner with Ideal's Zero Down Mortgage loan. Apply Now

  • Zero down at closing
  • Competitive fixed rate
  • Up to 20-year terms*

No Lender Fee Mortgage Loan4

Enjoy the stability of a fixed rate with the added benefit of reduced closing fees. Apply Now

  • Save an average of $1,750
  • Competitive fixed rate
  • Up to 30-year terms*

*Payment example: On a $250,000 home loan at 5.572% APR for a 30-year term, monthly payments would be $1,430.79 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 4.382% APR for a 20-year term, monthly payments would be $1,252.60. Payments do not include applicable taxes and insurance and may result in higher payments.

**Adjustable-Rate Mortgage Disclosures

1 Cabin or Second Home Program: Some restrictions may apply. Available for purchase transactions and owner-occupied residence refinance rates will be higher. Less than 20% down payment will require mortgage insurance, subject to mortgage insurance approval. Eligible for four-season homes in Minnesota and Wisconsin only. Hunting shacks or three-season properties are ineligible.

2 Reduced Flat Rate Origination: Fee of $995 available on mortgage purchase loan applications accepted April 15, 2022 through July 31, 2022. Loan must close on or before December 31, 2022 for reduced origination to apply. Property insurance is required. Consult your tax advisor regarding any deductibility of interest. Additional fees may apply.

3 Zero Down Mortgage Program: Some restrictions may apply. Available for purchase transactions and owner-occupied residence. Maximum loan amount of $647,200. Subject to mortgage insurance approval. Not eligible for condos or multi-family properties.

4 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. Payments do not include applicable taxes and insurance and may result in higher payments.

5 Ideal Medical & Dental Reduced Coverage Program is available to applicants employed full or part-time in the following professions: Medical Resident, Medical Fellow, Medical Doctor (MD) Pharmacist (RPh)(Must have a PharmD to be eligible for LTVs > 97%), Chiropractor (DC)(Chiropractors are ineligible for LTVs > 97%), Doctor of Optometry (OD), Doctor of Ophthalmology (MD), Doctor of Osteopathy (DO), Doctor of Podiatric Medicine (DPM), Doctor of Dental Surgery (DDS), Doctor of Dental Medicine (DMD), Doctor of Veterinary Medicine. Mortgage is restricted to the primary residence (purchase only). Proof of current employment will be required. Full disclosures and terms will be provided during consultation with an Ideal Mortgage Loan Advisor. All applicants are subject to credit approval and eligibility for this program does not guarantee an offer of credit. Applicants must also be eligible for membership at Ideal Credit Union. Ideal Credit Union reserves the right to modify and/or cancel this program at any time.