HELOC

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Leverage your Equity with a BankIowa Home Equity Line of Credit (HELOC)

Your home is more than just bricks and mortar; it's an investment, a sanctuary, and a springboard to a brighter future. “Home equity” is the difference between your home’s appraised value and the amount you still owe on your mortgage. You can tap into your home’s equity when you need it with a HELOC.

Why Choose a HELOC?

Our HELOC is a smart and flexible way to tap into the built-up equity in your home. Our Home Equity Line of Credit can be used for a variety of purposes including:

Home Improvement Projects
- Upgrade your kitchen, add a new bathroom, or finish your basement. A HELOC can help you create the dream home you've always envisioned.
Debt Consolidation
- Simplify your finances by consolidating high-interest debt with a lower-rate HELOC. This can free up monthly cash flow and save you money in the long run.
Major Purchases
- Whether it's a new car, a dream vacation, or a medical procedure, a HELOC can help you afford life's big-ticket items.

Best of all, as you pay back your HELOC loan advances, those amounts again become available to borrow! It is a line of credit, so available funds fluctuate based on your usage and payments.

Benefits of Choosing BankIowa

At BankIowa, we're committed to helping you achieve your financial goals. That's why our HELOC offer several advantages, including:

Competitive Rates
- We offer some of the most competitive HELOC rates in the market, saving you money on interest payments over the life of the loan.
Fast and Easy Application Process
- Our streamlined application process makes it easy to get started. You'll receive a prompt decision so you can move forward with your plans quickly.
Exceptional Customer Service
- Our dedicated team of loan specialists is here to answer your questions and guide you through every step of the process.
Additional Benefits:
- Our HELOC may offer potential tax benefits.*

Apply for a HELOC in Minutes!

Apply online: Our online application is quick and easy to complete.
Loan Review: Your application is quickly reviewed by our expert loan specialists.*
Get a Response: After review, you will get an answer quickly, usually within 48 hours or less!

Apply Now

*HELOC interest can be tax deductible if it meets the IRS guidelines. The HELOC must not exceed the stated loan limits, and you must prove you used the funds to buy, build or improve a home. BankIowa does not offer tax advice. Consult with a tax advisor to understand how a HELOC may affect your taxes.