Ideal Credit Union Home Mortgage and Refinance - Home Purchase

Conventional Mortgage Loan

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

Fixed rate
Maximum loan amount $766,550
Up to 30 year terms*
As low as 3% down payment options
Single Family Home, 2-4 units, Condominium, and Townhome
Primary, secondary, and investment occupancies acceptable

FHA Mortgage Loan

This product is helpful for borrowers with limited funds to use as down payment. It offers both fixed and adjustable rate mortgage options.

Maximum loan amount $515,200
As low as 3.5% down payment options
Flexible credit requirements
Single Family Home, 2-4 units, Condominium, and Townhome
Primary residence occupancies acceptable

Jumbo Mortgage Loan

Jumbo mortgages are home loans that exceed conforming loan limits of $766,550. A jumbo loan is one way to buy a high-priced or luxury home.

Fixed rate options
As low as 5% down payment options
Single Family Home, 2-4 units, and Townhome
Primary residence occupancies acceptable

Adjustable Rate Mortgage Loan (ARM)

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

10/5, 10/1, 7/1, 5/1 options
Lower monthly payment
Initial fixed rate period
Multiple options
Single Family Home, 2-4 units, Condominium, and Townhome
Primary and secondary occupancies acceptable

VA Mortgage Loan

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

Fixed rate
Zero down payment
No mortgage insurance
Maximum loan amount $766,550
Flexible credit requirements

Zero Down Mortgage Loan

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

Zero down at closing
Fixed and adjustable rate options
Up to 25 year terms**
Loan amounts up to $766,550
Single Family Home and Townhome
Primary residence occupancies acceptable