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Ideal Mortgage Rates

Today's Rates

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Fixed-Rate Mortgage

Program Name Rate Points APR
30 Yr. Fixed - Conventional 5.375% 0.00% 5.446%
30 Yr. Fixed - Conventional 2nd Home 5.625% 0.00% 5.698%
30 Yr. Fixed - FHA 5.375% 0.00% 6.022%
30 Yr. Fixed - VA 5.375% 0.00% 5.668%
20 Yr. Fixed - Conventional 4.875% 0.00% 5.080%
15 Yr. Fixed - Conventional 4.625% 0.00% 4.760%
10 Yr. Fixed – Conventional 4.625% 0.00% 4.819%
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Fixed-Rate Mortgage Specials

Program Name Benefits Get Started Today!
30 Yr. Fixed – No Lender Fee - Conventional 1 Enjoy the stability of a fixed rate with the added benefit of reduced closing fees. Call us at 651-747-4663 or Make an Appointment for rates and to learn more.
20 Yr. Fixed - No Lender Fee - Conventional 1 Enjoy the stability of a fixed rate with the added benefit of reduced closing fees. Call us at 651-747-4663 or Make an Appointment for rates and to learn more.
25 Yr. Fixed - Zero Down - Conventional 2 Get into your new home sooner. Call us at 651-747-4663 or Make an Appointment for rates and to learn more.
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Adjustable-Rate Mortgage

Program Name Rate Points APR
10/5 ARM - Conventional 4.875% 0.00% 5.522%
10/1 ARM - Conventional 4.750% 0.00% 5.395%
10/1 ARM - Conventional 2nd Home 5.000% 0.00% 5.649%
7/1 ARM - Conventional 4.375% 0.00% 5.015%
5/1 ARM – Conventional 4.500% 0.00% 5.401%
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Jumbo Mortgage

Program Name Rate Points APR
30 Yr Fixed - Jumbo 5.500% 0.00% 5.575%
15 Yr. Fixed - Jumbo 4.875% 0.00% 4.943%
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Simple Refinance

Simple Refinance 3 Rate Points APR
15 Yr. Fixed - Simple Refinance – Conventional 5.125% 0.00% 5.252%
10 Yr. Fixed – Simple Refinance - Conventional 5.125% 0.00% 5.306%
10/5 ARM – Simple Refinance - Conventional 5.250% 0.00% 5.326%
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Payment / Amortization Calculator

Calculate your monthly payment for fixed rate or adjustable rate loans.

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Default amounts are hypothetical and may not apply to your individual situation. This calculator provides approximations for informational purposes only. Actual results will be provided by your lender and will likely vary depending on your eligibility and current market rates.

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Make an Appointment
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*APR= Annual Percentage Rate. Rates last updated July 05, 2022 and are subject to change without notice.
If the down payment is less than 20%, mortgage insurance may be required, which could increase the monthly payment and the APR (applicable on conventional products).

Payment example: On a $250,000 owner occupied (primary residence) home loan at 5.446% APR for a 30 year term, monthly payments would be $1,399.93 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 4.760% APR for a 15 year term, monthly payments would be $1,542.79 Payments do not include applicable taxes and insurance and may result in higher payments.

Adjustable Rate Mortgage Disclosures

1. No Lender Fee Mortgage Program: Maximum loan amount $548,250. 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 5.722% fixed APR, monthly proposed principle and interest payments would equal $1,151.31. Payments do not include applicable taxes and insurance and may result in higher payments.

2. 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 $647,200. Payment example: On a $200,000 mortgage loan at 5.351% APR for a 25 year term, monthly payments would be $1,198.50. 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.

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 occupancies 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 5.252% APR for a 15 year term, monthly payments would be $1,993.30 per month. Payments do not include applicable taxes and insurance and may result in higher payments. Rates are subject to change at any time.
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NMLS#  401783   |   Equal Housing Opportunity  |  Return To Main Ideal CU Website

8499 Tamarack Rd, Woodbury, MN  55125

(651) 747-HOME    |   homeloans@idealcu.com

NMLS#  401783   |   Equal Housing Opportunity  |  Return To Main Ideal CU Website