Home Equity Loans

Homeowners have different needs when it comes to tapping into the equity in their home. That's why Idaho Central offers both home equity term loans and home equity lines of credit.

Home Equity Line of Credit (HELOC)
A HELOC gives you access to a set amount of funds you can reuse as you pay down your balance. You can use your HELOC to pay for home improvements, tuition, even purchase a vehicle. It may be the last loan you'll ever need!

Home Equity Loan
A Home Equity Loan allows you to tap into a portion of your equity with a specific amount of money up front at a fixed rate and term with fixed monthly payments.

Home Equity Comparison Chart

  Home Equity Line of Credit Home Equity Loan
No set-up fees Yes Yes
Fixed rate   Yes
Fixed payment schedule   Yes
Variable rate Yes  
Convenient access with checks Yes  
Convenient access with Home Equity Visa Card Yes  
Interest-only payment option Yes  
Interest may be tax deductible* Yes Yes


View rates for Home Equity Loans.

Apply for a HELOC or Home Equity Loan online now!

*Consult your tax advisor.