Borrow against the available equity in your home and the house is used as collateral for the line of credit.

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. Frontier Credit Union wants to help you get your next HELOC, because you need someone local you can trust.

  • Home repairs

  • Landscaping

  • Debt consolidation

  • Finish the basement

  • Remodel kitchen/bathroom

  • Pay for college

  • Vehicle purchase

  • Go on vacation


Term APR*
Up to 25 Years As low as Prime minus 0.20%

Rates are determined off Wall Street Journal Prime Plus Margin. The interest rate can change with the Wall Street Journal Prime Rate on the first business day of the calendar month 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 $500 finance charge. Adequate Property insurance must be maintained. Appraisal fees may be passed on to the borrower.

Features / Benefits

Features Benefits
Eligibility Primary Residence
Single Family (1-4 family)
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 80% 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
Debt Consolidation
Everyday Purchases

*does not include appraisal fee

Connect with an Expert

Call us directly at: 208-535-2833
Text us at: 208-516-2317

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

Meet Our Team

Ryan Jensen
NMLS# 2348151
Idaho Falls, ID
Apply Online

Braylan Bean

Braylan Bean
NMLS# 2160785
Idaho Falls, ID
Apply Online

Dee Carter
NMLS# 302915
Meridian, ID
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Erin Wells
NMLS# 1272505
Pocatello, ID
Apply Online