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*

Vectra Bank is currently offering a Home Equity Line of Credit with a special variable rate of Prime minus 0.50% for the life of the line. Rates as low as 4.25% Variable APR on a Home Equity Line of Credit.* Advertised APR assumes excellent credit. Your APR may be higher. Offer ends on June 30, 2018!

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 Line of 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. In addition, please consult with your tax advisor about the tax deductibility of interest payments on your Home Equity Line of Credit.

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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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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 15, 2018 and June 30, 2018. Loan must close by July 31, 2018. 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 is required. Investment properties are not eligible. Offer subject to change any time. Advertised APRs are current as of 03/22/18. APRs are subject to change without notice. The advertised 4.25% APR assumes excellent credit and is for a loan in first lien position. For loans in a second lien position add 0.25%. Final APRs will be based on commitment amount, loan-to-value, lien position and credit worthiness. The advertised APR is based on the Wall Street Journal Prime Rate (4.75% as of 03/22/18) minus a 0.50% discount for the life of the line. For loans less than $250,000, the client is responsible for a $99.00 flat fee which covers all closing costs, origination fees, and appraisal costs. For loan transactions that exceed $250,000, the client is responsible for the $99.00 flat fee plus the cost of an appraisal. Average appraisal costs range from $550-$750 depending on line amount and other factors. Other terms and conditions apply. Other rates and terms are available. Contact bank for details.

All credit products are subject to credit approval. Terms and conditions apply. See Home Equity Line of Credit Terms and Disclosures. NMLS #467014