HELOC

Are you considering a major purchase?

Need to complete a home improvement or expansion project? 

Consider an Idaho First Bank Home Equity Line of Credit (HELOC)


The Idaho First Bank Home Equity Line of Credit (HELOC)

Rates as low as Prime, depending on your credit and the collateral you provide for your loan.

Here’s how a HELOC works:

The Idaho First Bank Home Equity Line of Credit is a variable rate line of credit that uses a percentage of the equity value you have accumulated in your primary or secondary home as collateral for a line of credit. Your line of credit has a draw period of up to ten years and your monthly payment is interest only. During the ten year draw period you may borrow as much or as little as you need, up to your maximum approved credit line amount. Once your draw period ends, the remaining balance on your line of credit is converted to a loan and you will no longer be able to borrow funds from your line. The interest rate converts to a fixed rate loan and you will begin to repay both principal and interest on your loan for a period of up to ten years. 

Click here to start your application


Contact one our our Relationship Managers for more information or visit a branch to apply.