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HELOC

HELOC

Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) is a loan set up as a line of credit for a maximum draw, rather than using a fixed dollar amount like a mortgage. East Idaho Credit Union wants to help you get your next HELOC right here in East Idaho, because you need someone local you can trust.

  • Home repairs

  • Landscaping

  • Debt consolidation

  • Finish the basement

  • Remodel kitchen/bathroom

  • Pay for college

  • Go on vacation

  • Vehicle purchase

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See Rates

HELOC Rates

Term APR*
Up to 25 Years As low as 3.80%

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 credit worthiness. 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.

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Features / Benefits

Features Benefits
Eligibility Primary Residence
Single Family (1-4 family)
Must Be Located in Idaho
*Manufactured Homes Ineligible
Terms Up to 25 Years
Draw Period up to 10 Years w/ Interest Only Payments
Repayment Period up to 15 Years w/ Principal &
Interest Payments Re-amortized
Loan to Value Up to 90% of Home Value
Loan Amounts Minimum of $20,000
Maximum of $250,000
Fees No Application Fee
No Closing Costs*
Advance Limits No Minimum Advance During Draw Duration Period
No Initial Advance Required
Credit Advances Electronically
In Person
Over the Phone
HELOC Credit Card
Uses Home Improvements
Landscaping
Debt Consolidation
Everyday Purchases
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Connect with an Expert Today

call us directly at: 208-535-2833
send a text message to: 208-516-2317

Monday-Friday: 7:30am – 8:00pm
Saturday: 9:00am – 5:00pm

Loan Type(s) *