The Benefits of a Home Equity Line of Credit (HELOC)
Always be ready for the unplanned. A home equity line of credit* allows you to tap into the equity of your home for emergencies, debt consolidation, vacations, home repairs and more. You can access your money whenever you need it.
Variable Rate Term
- Low Variable Rate: As you access funds, the current variable HELOC rate is applied.*
- Loan Term: There’s a 20-year term with a 10-year draw period and a 10-year payback period.*
- Potential Tax Advantages: Consult your tax advisor about tax benefits*
- Borrow up to 90% Loan to Value
- Fast loan approval
If you're ready to apply for a Home Equity Line of Credit, apply online or call us at 303.422.6221.
*Certain conditions and restrictions may apply. Colorado owner-occupied properties only. Minimum credit line and draw of $5,000.00 is required. Closing costs include settlement fees, flood determination fee, title search, government fees and recording charges, taxes, and when required, appraisal fees, title insurance and any fees associated with condominium properties. For loan amounts up to $250,000, closing costs that members must pay typically range between $235 and $1,000. Closing costs depend on the location of the property, property type and the amount of the Equity Line. Home Equity Lines of Credit are variable-rate loans or fixed-rate loans. Rates are as low as 5.49% APR and are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, loan amount and occupancy, so your rate may differ. The plan has a maximum APR of 18%. Members with a variable-rate Home Equity Line of Credit may borrow against their available credit line for a period of 10 years, after which any existing balance must be paid in full within the following 10 years.