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Consumer Loans

Along with the variety of consumer loan options listed below, Yampa Valley Bank offers the flexibility and staff expertise to tailor them to your needs, generally with multiple repayment and term options. YVB seeks to provide the financing that you need at competitive terms and to do so quickly and efficiently by applying our local knowledge, local underwriting and local decision-making.

Installment Loans

Short to medium-term installment loans to aid with the purchase or refinance of new or used automobiles or recreational vehicles – including personal automobiles, motor homes, trailers, boats, all-terrain vehicles, snowmobiles, jet-skis and motorcycles. Funds may also be extended for other purposes, utilizing equity from a vehicle as security. Installment loans are also available for the financing of owner-occupied mobile homes.

Home Equity Term Loans

Short to longer-term installment loans utilizing equity in your home or second home, generally in either a first or second mortgage position. Funds may be used for any consumer purpose including home improvement, other personal purchases, personal investments or debt consolidation. Bridge financing is also available for more short-term needs where funds are used to “bridge” between the sale and purchase of two homes.

Home Equity Lines of Credit (HELOC)

The ultimate in home equity loan flexibility, HELOCs are personal revolving lines of credit available to you for whatever purpose you may deem appropriate, and are secured by the equity in your home or second home. The line principal may be drawn and repaid as you desire, with interest-only payments due monthly until the loan’s maturity, at which time the full balance becomes due.

Residential Land Loans

A loan for your investment in a lot or acreage, slated for the future construction of your primary or secondary residence. Shorter, interest-only and longer, amortized options are available, dependent upon your future building plans.

Construction Loans

Financing is available for the construction of your primary or secondary residence. A construction loan will generally be structured to match your anticipated construction project term. The non-revolving line will be drawn over the term of the construction project, with interest-only payments due monthly, and the principal due and paid at maturity, typically by a mortgage loan “takeout.” The local YVB draw process is quick and efficient, allowing for two draws per month and generally less than a 48-hour turnaround for invoices to be paid. Construction loans may also be utilized for the renovation of or improvement to existing structures.

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 Loan Officers in Steamboat and Craig. Many terms 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

An unsecured line of credit attached to your personal checking account that will help to ensure that checks and other debits to your account are covered through transfers from your line instead of causing overdrafts on the account.