How To Find The Right HELOC in Idaho

Hello and welcome to this series on how to find the right home equity line of credit in the second position. We are currently in the state of Idaho. Found a few banks for those of you who live in Idaho. And by the way, if you are a coaching client of mine, we do one-to-one work together and you're looking for a bank, credit union preferably, that offers a home equity line of credit in the first or second position, In addition to this series, which is completely free and helpful for everyone, but for those that want that additional coaching and accountability and support, you know, we can even dive deeper into that state that you live in and look directly at your zip code and county to see if there would be any more banks that would pop up. When I'm doing my research, I'm in South Florida, so I'm not going to get all all of the banks that exist in that, in that area. Plus, I'm just researching the state as a whole and doing my very best to find the best banks based on my research. During this whole series, I keep telling you, don't just rely on the banks that I'm providing. Rather, use that as a framework to see if you can beat what I've presented. And also keep in mind that What's gonna remain relevant as time goes on with these videos being posted is the left-hand side of the board. The framework. Banks come and go, as we've seen, and HELOCs come and go. Offers changes, rates changes, credit line amounts changes, closing costs changes. So you never know when a certain bank can become more competitive than the other. So don't just cross them out. Double-check my research by doing the research yourself. Research exactly what I'm doing, and that, my friend, will give you plenty of success to find the right HELOC. So with that being said, left-hand side of the board, we are in 2026 as I'm recording this video in August. Prime rates are at 6.75%. This is my entire framework. This is all the pregame work you need to do in advance before before you apply for that HELOC. And we're specifically focusing on second position home equity line of credits. I found a few banks in Idaho starting with ICCU, and quite a few banks here in Idaho are doing prime minus 0.25%. We have some intro rates, 3.99%, we got 3.74%, we have 5.99%, all for 6 months. I have not found a bank that is doing a 1-year intro promo with a prime minus. So try to beat that with your research. So the banks I found was ICCU Frontier Credit Union, America First Credit Union, LCCU, and Leader Bank. And I'll have some honorable mentions as well. Let me share my screen to kind of show you my research. This is what I'm researching. I typically just type in credit unions in the state of that I'm researching. So in Idaho that offer a home equity line of credit, I spell it out so that there's no confusion. Starting with LCCU, not a whole lot of information was given. They got, you know, 10-year draw. That's really all they're saying. I already know that it's mobile banking friendly because you can access your equity with a credit card. It's an interest-only HELOC, and as we can see, that rate, prime minus 0.25. Some of the banks that I find also cover other states. Which is important for you if you're watching the series to also watch the videos of states that are neighboring to your state. You might be able to find an even better bank, even better products. So ICCU was one, Frontier Credit Union was another. They're doing intro 3.99%, 6 months. And the credit current range, it says 6.5% to 8.5%. That was 12/11/2025. So you gotta be careful. Maybe when you actually talk to them, because this website looks out of date, that the rates might be a little higher. So just keep that in mind. They're saying the prime rate is 7%. Making the lowest APR available 6.5%. Well, no, Prime is actually 6.75%, so this rate might be 6.25%. So keep that in mind, this might even be more attractive, but I'm just writing what the bank has provided, not making any assumptions. I'm saying that could be the case. 10-year draw, we got some closing costs, about $1,000. So this definitely was an attractive bank, you just need to verify. Here's another bank, Cape Ed Credit Union. They do have a HELOC, 80% LTV. Says low fees, but nowhere could I find the rates. So that's just an honorable mention for now. America First Credit Union, they have a lot of different products. As you can see, they go all the way up to 100% LTV. Obviously, the higher you go in LTV, the higher the rate will be. They have a 5-year fixed product at prime minus 0.25. That might be really attractive. No closing costs, fixed, but it's only 50% LTV. So you might be like, all right, I'll just go with a prime, get the 80% if I don't have that much equity. So pretty, pretty attractive. Then they also have an intro product, intro rate 3.74% was it, I believe. Yeah, 3.7— yeah, 3.74% for 6 months. But then you compare it interest only, now your rate jumps 8.24%. So it may not be worth the squeeze of that 3.74%, may not be worth it. I'm leaning a little more towards the fixed HELOC if I were to go with this bank. Just another mention of another bank, but it's prime plus, so they didn't make it to the board. That was STCU. We got LCCU, prime minus, but only a 5-year draw. Keep that in mind, only a 5-year draw. Not too much information, you gotta call. And then we got Leader Bank. It's got an attractive intro rate, 5.99% for 6 months, and then prime. Not prime plus, not prime minus, just prime. So that's attractive. And the last one is Pioneer Federal Credit Union. Did not see the interest rates. But I would say out of the 3 here, the most attractive one is this Freedom line of credit, is an 8-year draw variable. So let's just go with prime 6.75%. It does say plus or minus a margin based on creditworthiness, so you could be looking at a prime minus. Interest-only HELOC. So this is the one that I would want to get more details on, but didn't make it to the board because it wasn't clear. So those are all the banks I found in my research. And again, during this series, as you're going through the videos, pay attention to the comments. You might see people who live in this state commenting the bank that they have. That might even beat what I have here on the board. So just keep that in mind. There's some very helpful subscribers that are willing to do that for me, just adding additional value. Please only comment a bank if it beats what I have on the board. Don't just put any bank on there because that's not gonna be helpful. Put a bank that you're like, hey Denzel, in this specific town in Idaho We got this credit union over here doing prime minus 0.5%. That beats every one of my banks here on the board from a, from a prime interest rate standpoint. Okay, so be sure to click the links below to book a consultation with me or get on my email list. You can attend some workshops that I host consistently and begin to get that accountability, start improving your finances. I can't tell you how many people get the wrong HELOCs day in and day out, so I decided to put this series together just help the masses find the right banks in their state. These, these gems all across America, these credit unions that no one's ever heard about because they don't do the marketing that the big banks do. And their only customers are you, the residents in each of those states. So they compete by having better products, but they don't have the marketing budget to promote these products. So you just have to do the research. That's all. And when you do it, you save time, money, and energy. A lot of money, a lot of time, a lot of energy by forming a relationship with a smaller bank that can truly give you better products when it comes to lending. This, this is the case for car loans, for personal loans, for credit cards, you name it. Almost every single time they have better rates than these bigger banks, right? Hopefully that helps you a ton. God bless you and look forward to talking to you soon. Bye now.