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Tap into your home’s value

With a home equity line of credit (HELOC), you don’t have to sell to take advantage of a hot housing market.

What to expect

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Estimate your equity

Enroll in Vibrant's free home value monitoring tool to get an estimate of your home's value and how much equity you've accumulated. 

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Estimate payments

Figure out how much you can afford to borrow and what monthly payments to expect using our online calculators.

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Submit an application

Gather your financial documentation and set aside about 20 minutes to complete your HELOC application.

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Get a decision fast

Once you receive preliminary approval, it should take about 1 week to finalize your loan and receive your funds.

Why choose a home equity line of credit (HELOC) with Vibrant?

couple looking over mortgage papers at home

Our HELOC is a great option if you need cash but want to keep your borrowing costs as low as possible. Unlike a traditional home equity loan, with a HELOC you can borrow money now, start paying it back, and then borrow more money later without having to refinance. 

  • Easy application, fast approval
  • Variable interest rate offers you flexibility in a volatile economy 
  • Draw on your line of credit for up to 15 years without the need to refinance or reapply
  • Use your HELOC for anything you need, from home renovations to debt consolidation to college tuition

Variable rates as low as 7.500% APR*

Frequently asked questions

Is there an application fee or closing costs?

There is an origination fee and some closing costs associated with a HELOC. Expect to pay about $450 in most cases, depending on the size of your line of credit and the value of your property. 

How much can I borrow?

That depends on your current mortgage balance. The total sum of your HELOC and your mortgage balance cannot exceed 100% of the fair market value of your home.  

It's also important to make sure you don't borrow more than you can afford to repay. Your monthly minimum payment will equal 0.75% of your HELOC balance.  

Another thing to remember—because this is a variable interest rate loan, your financing costs will fluctuate if you carry a balance. Talk with your banker about your target monthly payments. 

Do I have to use my HELOC on home improvements?

No, you can use the funds for whatever you choose. 

What documentation will I need to provide?

In addition to information about your employment history, W-2s and pay stubs, bank statements, and information about other outstanding debts like car loans or credit cards, you’ll need to prove that you own the property you’re borrowing against and that it is adequately insured. 

Will my property need to be appraised before my HELOC is approved?

Yes, but depending on your property, we may be able to complete the process online rather than through a full in-person appraisal.