Ideal Credit Union Waives Origination Fee on Community Heroes Mortgage Product

(Woodbury, MN – August 3, 2020) Ideal Credit Union is waiving the origination fee on its Community Heroes Mortgage Program loans to provide relief to eligible heroes who have done so much to serve us during these challenging times. The no origination fee offer is good on applications received between August 1 - October 31, 2020.

The Ideal Community Heroes Mortgage Program offers eligible heroes a special 1% down payment option and is available to applicants employed full or part-time in the following areas: Public or private educational institution, Fire Department, Federal, State or Local Government Law Enforcement Agency, Nursing (all designations), Active or former Military, EMTs and Paramedics. The mortgage is restricted to the primary residence (purchase only) and proof of current employment and/or former military service is required. Full disclosures and terms will be provided during consultation with an Ideal Mortgage Loan Advisor.

“Our community heroes have always been on the front lines to serve and protect. As we continue to navigate our way through the pandemic, we wanted to thank them for their dedication and in return help them with their home financing needs,” said Faith Tholkes, VP of Mortgage. “Through the Ideal Community Heroes Mortgage Program, we provide a meaningful way to give back to these brave, selfless individuals and help them to achieve their goal of homeownership.”

Ideal Credit Union offers a full range of mortgage solutions to fit the needs of borrowers, including fixed rate, FHA/VA, adjustable rate, refinancing options and more. Ideal CU also offers the HomeAdvantage® program, an exclusive, free service that can help users search, buy, sell and save on their next home. HomeAdvantage provides the tools and expertise needed to find and finance a home, and offers an attractive a rebate program that enables home buyers to earn cash back at closing. Since its inception, the HomeAdvantage program has paid out over $334,490 in rebates to hundreds of Ideal CU members. The average rebate per transaction is $1,481.

Founded in 1926, Ideal Credit Union is a member owned financial institution that is dedicated to providing financial services driven by a sincere and personal interest in the needs of our employees, members and community. Ideal CU offers a complete range of services, including a full suite of digital banking products, savings, checking, loans, mortgage products, business services, investment services and more. Offices are located in Eagan, Hugo, Inver Grove Heights, North St. Paul, Stillwater and Woodbury. Visit idealcu.com for details and directions. Ideal has been voted “Best Credit Union in the East Metro” four years in a row by readers of the Stillwater Gazette, “Best Credit Union in the Forest Lake Area” by readers of the Forest Lake Times, and was named a 2020 Star Tribune Top Workplace. Equal Housing Lender.