BORROW WHAT YOU NEED WHEN YOU NEED IT

Keep moving forward with a Home Equity Line of Credit

The Home Equity Line of Credit is a revolving line of credit that has a 5 year draw period. During that time, you can borrow as much as you need whenever you need it as long as you don't exceed your credit limit. Your monthly payments during that period are interest-only payments with an option to pay down the principal at your convenience. As the line balance is repaid, that money becomes available to you over and over again. Similar to a credit card.

Village Bank is here to help whether you are:

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Getting that new kitchen
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Planning a vacation
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Saving for a rainy day
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And more!

 

Rate-HELOC 04-2020

 

   
   
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CONNECT WITH COLETTE TO GET STARTED

COLETTE DAHLIN | VICE PRESIDENT, COMMUNITY BANKER
Send me an Email | 763-398-3508
3350 Bridge St NW | St. Francis, MN 55070
NMLS ID# 424744 | NMLS Co. ID# 786171
Download Application | Send me a Secure File

   
   
*Annual Percentage Rate (APR) as of 04/01/2020. Subject to credit approval and underwriting standards. Valid for new loans with a minimum of $10,000 approved. Existing Village Bank customers may refinance with a minimum of $10,000 additional credit. The APR for qualified applicants is variable, subject to change, and consists of the Prime Rate as published in the Wall Street Journal plus a margin of up +1.00% for the life of the loan with a floor rate of 4.00%. This preferred rate assumes a credit score above 760 and an LTV of up to 85%. If the borrower does not meet qualifying criteria, the APR may range up to Prime plus a margin of 2.00% and will be determined by the occupancy status of the property, combined LTV and credit worthiness. Standard closing costs apply, with borrowers responsible for certain fees to third parties such as appraisers, credit reporting firms and government agencies, which are generally between $300.00 and $1500.00. Property insurance is required.
 
 

 

 

Thank you!

 

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