We offer a fast and easy process to help you get into your new home without hassle. Take advantage of our flexible loan terms and rates you can not afford to miss when you are looking for your next home.
Rates are determined off Wall Street Journal Prime Plus Margin. The interest rate can change with the Wall Street Journal Prime Rate or quarterly, effective by month end of the first month of each quarter, following a change in the Prime Rate. *APR=Annual Percentage Rate. The Annual Percentage Rate will not exceed 18.00%. Approved rates are based on creditworthiness. We will use the most recent index available to us as of the 1st business day of the month prior to a rate change. $20,000 minimum, $250,000 maximum line of credit. Early payoff (less than 3 years) requires $300 finance charge. Adequate Property insurance must be maintained. Appraisal fees may be passed on to the borrower.
*APR=Annual Percentage Rate. Energy Defense APR ranges between 5.90% to 10.25%. $500 Minimum, $32,000 Maximum. Rates, terms, and conditions based on creditworthiness, qualifications, loan amounts, and verifiable gross household income. All loans subject to approval. Improvements must be for homeowner’s primary residence. Loan proceeds directly payable to the installers and retailers of weatherization activities and products. Loan use is for weatherization and/or energy efficiency purposes only, including purchasing approved appliances. Primary Residence Mortgage Loan must be current. East Idaho Credit Union is an Equal Opportunity Lender.
Applicant must be employed or be receiving qualifying fixed income at the time the loan is funded
Must be located in Idaho
Must be current on primary mortgage
Manufactured Homes are eligible only if on a foundation
Up to 84 Months (7 years)
Payments will be principal and interest payments
Credit Score required to determine qualified interest rate
Fixed Interest Rates
Loan to Value
Maximum loan amount and term will be determined by gross household income
Minimum of $500
Maximum of $32,000
No Origination Fee
No Annual Fee
All funds are advanced up front and paid directly to the contractor (in most cases)
Energy Efficient Home Improvements including but not limited to;
Energy Efficient Windows and Doors
Insulation replacement or augmentation
Weather stripping and other energy efficient materials
Energy efficient water heaters, heat pumps/furnaces
Pellet and wood stove additions or replacements