Idaho Home Equity Line of Credit (HELOC)
Whether you're renovating in Boise, remodeling in Nampa, paying bills or taking a dream vacation, you can use your home's equity to finance what's next. A WaFd HELOC has no annual fee and is often more affordable than using credit cards or other loans. Our HELOCs are available for primary, second home, and investment properties, including jumbo HELOCs up to $700,000. To get started, apply online anytime, where you can securely upload your documents and receive status updates in our secure portal.
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Idaho HELOC Calculator
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NO ANNUAL FEE. Discount of 0.250% off your interest rate for automatic monthly payment from your WaFd Checking Account. Interest rate and APR (Annual Percentage Rate) are variable based on the Wall Street Journal Prime Rate plus a margin subject to credit approval of your credit history, loan to value, occupancy and EZ Pay requirements. Payments quoted do not include taxes & insurance, so actual payments may be higher. Consult your tax advisor. The rate will never exceed 17.99% APR. HELOCs available for owner occupied homes, second homes & investment properties. Closing costs for our existing WaFd home loan clients are paid only for primary or second homes, not for vacation or investment properties.* Fees Range: $354 - $7,579. Your HELOC fees are included in the disclosure provided at loan application and again at closing. Home Equity Loan Calculator payments display monthly interest only payments assuming the outstanding balance displayed in the Equity Credit Line.
HELOCs feature a 25 year term as follows:
- 10 year draw period to borrow on your line of credit whenever you need it
- Any outstanding loan balance after 10 year draw period will be amortized (principal and interest payments) over 15 years
Property Insurance is required. Investment properties require WaFd to be in first lien position. Loans are subject to credit approval. Restrictions and limitations may apply. This calculator is for educational purposes only, and may not represent WaFd Bank's lending program requirements. Fees for our HELOC vary depending on the HELOC loan amount and property location.
Benefits of a WaFd Home Equity Line of Credit
- We pay closing costs for our existing WaFd home loan clients on lines of credit up to $250,000*
- Discount of 0.25% on your interest rate when you make automatic payments from your WaFd checking account
- Available for owner occupied, second homes, and investment properties
- No annual renewal fees
- Only pay interest on the amount borrowed**
* Closing costs for our existing WaFd home loan clients are paid only for primary or second/vacation homes, not on investment properties.
** During the draw period, the borrower is only required to pay interest on those funds that they actually drew out and used.
Frequently Asked Questions
![Couple looking at laptop during home renovation project.]()
How to Use a HELOC for Home Improvement
With housing shortages and skyrocketing home prices in many parts of the country, many have opted to make home improvements rather than buying a new home.
![College student studying with laptop and writing in notebook on campus.]()
Use a Home Equity Line of Credit to Pay Off Student Loans
Qualifying for a HELOC may give you some peace of mind while you tackle any financial obstacle that comes your way.
![Couple Sitting On Floor With Paint Chart Ready To Decorate New Home.]()
How to Qualify for a Home Equity Line of Credit
Qualifying for a HELOC may give you some peace of mind while you tackle any financial obstacle that comes your way.
