Home Equity Line of Credit

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Do more with an Ideal Home Equity Line of Credit and turn the value in your home into the flexibility you need.

Enjoy a low 12 month intro rate and predictable upfront costs, featuring:

3.49% APR* intro rate for loans at 80% Loan to Value (LTV) or less
3.99% APR* intro rate for loans above 80% Loan to Value (LTV)
After 12 months, the standard rate applies, currently 6.75% APR*
Closing costs capped at $800.00 for qualifying HELOCs

Put your home’s value to work and give yourself more room to say yes to what’s next, now through July 31.

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Flexible Home Equity Line of Credit

Use it for renovations, big purchases or debt consolidation with a Flexible Home Equity Line of Credit (HELOC). Get great rates, fast approvals and help from our local lending team.

Borrow up to 90% of your home’s value, with loan amounts up to $450,000
Access funds anytime through Digital Banking by transferring from your HELOC into checking or savings
After drawing funds, you can choose to turn your balance into a fixed rate loan, helping you pay off the balance within a set timeframe
The remaining balance stays flexible at a variable rate, giving you ongoing access to funds
Customize your borrowing by locking in rates for planned expenses while keeping other funds available for the unexpected
As you repay, your available credit replenishes during the 10-year draw and up to 15-year repayment period

RenoFi Loans

Ideal Credit Union and RenoFi make home renovations easier with upfront funding and low monthly payments. Once approved, you get 100% of your funds right away - no inspections, no draws - so you and your contractor can get started without delays.

Finance your renovation with a Flexible HELOC designed to fit your plans
Borrow up to 125% of your home’s after-renovation value for maximum funding
A Flexible HELOC gives you a 10-year draw and up to 15 years repayment
Pay off your loan anytime with no repayment penalties

Effective Date: June 04, 2026
Home Equity Type	Term	APR*
Flexible Home Equity Line of Credit^* (up to 90% property value)	Up to 25 years. 10-year draw period and up to 15-year repayment period.	6.75% - 12.00%
No Equity Home Improvement Loan^**	Up to 72 months	10.74%

*APR = Annual Percentage Rate. Rates subject to change at any time. Actual rate based on applicant's payment and credit history. Additional appraisal fee may apply should one be needed. 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. Some housing exceptions apply. Closing costs range from $500 to $2,000. 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. Rates subject to change at any time.

**Maximum loan amount is $25,000. Offer is subject to normal credit qualifications. Payment Example: On a No Equity Home Improvement Loan with a term of 5 years at 10.74% APR, monthly payments would be $540.33 based on $25,000 borrowed.

Disclaimers

*APR = Annual Percentage Rate. Intro rate shown of 3.49% is for homeowners up to 80% combined loan-to-value (CLTV), 3.99% is for homeowners up to 90% combined loan-to-value (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. Minimum Annual Percentage Rate (APR) Floor of 4.00%. Maximum APR is 12.00%. 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 3.49% APR, monthly payments would be $100, 1% of the outstanding balance. At 3.99% APR, monthly payments would be $100, 1% of the outstanding balance. An increase in the Index will result in an increase in the periodic rate. 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 are capped at $800.00 on home equity applications taken between 04/01/2026 and 07/31/2026 and must close by 08/31/2026. This special discount is not transferable. Ideal RenoFi loans are included with an introductory rate of 4.99% for the first twelve (12) months of the loan, but with no closing cost discount.

Home Equity Line of Credit

Put your home’s equity to work for the things that matter most

Home Equity Rates