Vectra Bank Colorado

Home Equity Credit Line

Home Equity Line of Credit

There has never been a better time to get a Home Equity Line of Credit from Vectra Bank. With interest rates at historic lows, you can make something that was seemingly out of reach well within your means.

Home Equity Line of Credit*

March 6 - June 2, 2017, Vectra Bank is offering a Home Equity Line of Credit – 1.99% fixed introductory APR for the first 9 months – variable APRs From 4.49% to 4.99% thereafter. With only $99.00 in closing costs for loans up to $250,000.*

For most homeowners, a Home Equity Line of Credit* is one of the easiest and most economical ways to borrow. You can use the equity in your home to consolidate high interest rate bills into one monthly payment. Or finance major expenses such as college tuition, home remodeling and renovation – even vacations, new vehicles and more!

With a Home Equity of Line Credit, you apply only once and then you may use your credit line whenever you want. To access your line, simply write a check. Repay and your credit line is replenished. You may use your credit line over and over, so it's great for recurring bills like college tuition paid quarterly, or expenses that will occur in stages, such as home remodeling. It also gives you peace of mind if you simply want to have extra cash available whenever you need it. Naturally, you pay interest only on the amount you actually borrow.

Because your residence secures your line of credit, your interest is almost always lower than with other forms of borrowing. It's usually tax deductible – but of course you’ll want to consult your tax advisor for full details about the tax advantages.

We’re ready when you are.

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Complete the form below and we’ll contact you about a Home Equity Line of Credit from Vectra Bank.

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Check Loan Status

If you need assistance in deciding which loan is right for you or if you prefer to apply over the phone, please call us at 844–210–3604. You can also visit one of our personal bankers at a branch near you.

**Important Details**
* Loans subject to credit approval. Terms and conditions apply. Offer applies to new home equity line of credit applications taken between March 6, 2017 and June 2, 2017. Loan must close by July 31, 2017. Minimum line amount is $5,000. Annual fee is $75 after first year. Checks written for less than $250 are subject to a fee of $15. Collateral must be owner-occupied single family residential property, a secondary residence, or vacation property. Property insurance required. Investment properties are not eligible. Offer subject to change any time. Advertised APRs are current as of 03/16/17. APRs are subject to change without notice. The advertised 1.99% introductory APR is fixed for the first nine billing cycles. After the introductory period, variable APR of 4.49% - 4.99% based on credit-worthiness and other factors. Post introductory variable APR is based on the Wall Street Journal Prime Rate (4.00% as of 03/16/17) plus a margin. The minimum variable APR will not be lower than 4.00% and the maximum APR will not exceed 21%. The advertised post introductory period APR reflects the variable rate of 4.00% + .49% up to 4.00% +.99% depending on a customers current credit score and a first lien position. Post introductory APRs for lines with a second lien position will be .25% higher. $99.00 in origination fees and closing costs is a flat fee for loans less than $250,000. For loan transactions $250,000 to $500,000, the client is responsible for all closing fees except the origination fee. For transactions that exceed $500,000, the client is responsible for all closing costs and the origination fee. Origination fees and closing costs may range from $325-$3,600 depending on line amount and other factors. Other terms and conditions apply. Other rates and terms are available. Contact bank for details.