Consumer Lending
Consumer Loans at Yampa Valley Bank
At Yampa Valley Bank, we offer a variety of consumer loan options tailored to meet your needs. Whether you’re looking to finance a vehicle, home improvements, or a major purchase, our local expertise ensures that we provide flexible loan terms and competitive rates. We work quickly and efficiently, leveraging local decision-making and underwriting to help you secure the financing you need.
Installment Loans
Secure short- to medium-term loans to purchase or refinance vehicles or recreational equipment. Loans may be used for:
• Personal automobiles
• Motorhomes
• Trailers
• Boats
• ATVs, snowmobiles, jet skis, motorcycles
• Owner-occupied mobile homes
Funds may also be provided using vehicle equity as collateral.
Home Equity Term Loans
Use the equity in your home or second home for a short- to long-term installment loan. You can use the funds for home improvements, personal purchases, debt consolidation, or more. We also offer bridge financing for situations where you may need financing for a gap in timing between buying and selling homes.
Home Equity Lines of Credit (HELOC)
HELOCs provide flexibility with a revolving line of credit secured by your home’s equity. Borrow and repay principal as needed, with monthly interest-only payments until the loan matures.
Residential Land Loans
Finance a lot or acreage for the future construction of your
primary or secondary home. Choose from a shorter-term interest-only or longer-term
amortized payment options, based on your future construction plans.
Construction Loans
Financing for building a primary or secondary residence. Construction loans are non-revolving lines of credit structured to fit the length of your project, with interest-only payments during construction. At completion, the loan is typically paid off with a permanent mortgage loan. We also provide loans for renovations or improvements to existing homes. Our local draw process ensures quick and efficient access to funds, with invoices generally paid within two business days.
Mortgage Loans
Medium to long-term financing for the purchase or refinance of your primary or secondary residence. YVB offers long-term fixed-rate secondary market
mortgage loans, which are handled directly by our Mortgage specialists. Additional options are also available within YVB’s “portfolio” mortgage loan products, which are typically Adjustable Rate Mortgages (ARMs), with an initial fixed-rate period, followed by a variable-rate period. These are loans that the bank intends to hold and
service within its portfolio. With our market knowledge and local approval process, we may sometimes apply more approval and structure flexibility than with secondary market mortgage loans – particularly with unique or rural properties, with condominiums and “condotels,” or with more unique borrower cash flow.
Overdraft Lines of Credit
This unsecured line of credit helps protect your checking account from overdrafts by covering funding shortfalls with a transfer from your line of credit.
Ready to Get a Loan?
Contact us today at our Craig or Steamboat branch to get started. We’re here to help you find the best financing options.
