Your home isn’t just full of memories. It’s full of opportunity. Use your home’s equity to finance nearly any need. 


Key Features

  • Competitive Rates
  • Quick Decisions
  • Local Processing
  • Home Equity Line of Credit (HELOC)

    With a Home Equity Line of Credit, you can turn the equity in your home into ongoing, affordable financing for ongoing or seasonal needs such as: 

    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • …and much more!


    How To Calculate Your Home Equity

    The equity you have in your house is the difference between your home’s market value and your mortgage balance. For example, if your home is worth $300,000 and you have a $150,000 home loan, you have $150,000 in home equity. 

    When you apply for a HELOC, your home’s value will be appraised by a professional. But for the purpose of estimating, you can use the value listed by an online realty site.


    Competitive Interest Rates

    With a Home Equity Line of Credit, the existing equity in your home is used as collateral backing for your line of credit. This is why HELOCs offer a lower interest rate than other types of financing, such as credit cards or personal loans. And the interest paid on your HELOC might be tax deductible1.


    Flexible Access To Funds

    Unlike a Home Equity Loan, in which you receive a lump sum at closing and then repay it in regular monthly installments, a HELOC is a revolving line of credit. That means the funds are available anytime without reapplying; apply once, then use repeatedly thereafter. Funds are easily available via in-person or phone transfers to a specified Idaho Trust Bank checking account. As the principal is repaid, more becomes available for use. Enjoy accommodating repayment terms that work uniquely for you–you can set up automatic payments to be deducted from your account each month.


    Apply for a HELOC from Idaho Trust Bank!

    Idaho Trust specializes in delivering exceptional, relationship-based service with a solid commitment to responsiveness and action. When you apply for a HELOC from us, you can expect quick, local decision-making and processing. We deliver attentive, friendly service from start to finish. To learn more about home equity lines of credit or apply for a HELOC, talk to an expert or visit one of our branch locations in Boise and Coeur d'Alene, Idaho.


1Consult a tax advisor.

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