Taking out a home equity loan is like borrowing money you already have. By using your home’s equity as collateral, you’ll secure competitive rates. Consider this option for important expenses, like home improvements, a new car, or medical bills.

Another smart option is to use your loan to pay off outstanding debts with higher interest rates. After all, it's your house — leverage it in your favor.

Details
  • Competitive rates for several types of personal needs:
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Fixed rates available for first and second mortgages
    • First mortgages – Owner-occupied and non-owner occupied considered
    • Second mortgages – Must be owner-occupied
  • Loan amount based on home value and creditworthiness
  • Accommodating repayment terms that work uniquely for you
  • The interest paid might be tax deductible (consult a tax advisor)
  • Local decision-making and processing in Idaho
  • Attentive, friendly service from start to finish
Home Equity Line of Credit (HELOC)

Consider tapping into your home equity and make your equity work for you. A home equity line of credit (HELOC) is convenient and easy to apply for. What's more — borrow what you need, when you need it and only pay interest on what you use.

  • Competitive rates for several ongoing or seasonal needs:
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit – as principal is repaid, more becomes available for use
  • Funds easily available via in-person, by mail requests, or phone transfers to a specified D.L. Evans Bank checking account
  • The interest paid might be tax deductible (consult a tax advisor)
  • Set up automatic payments to be deducted from your account monthly
  • Home must be owner-occupied
  • Option to lock in a portion of your credit line available
  • Interest-only payments available
  • Local decision-making and processing in Idaho
  • Attentive, friendly service from start to finish

Start funding tomorrow’s dreams ... today.