Home Equity Loans

Lock in your low rate & pay no closing costs!*

Transform your dreams into reality with a low-rate GCCU home equity loan. Whether you’re dreaming of home improvements, funding tuition, consolidating high-interest debt, or pursuing other financial goals, the equity in your home may be the perfect source of financing. Take advantage of this opportunity today and enjoy the added benefit of paying no closing costs.*

Home Equity Installment Loans (HEIL) – Fixed Rate Loans

  • Borrow up to 100% of your home’s value less any existing mortgage balance, based upon creditworthiness.
  • Up to a 15-year fixed rate term. Your rate is fixed for whichever term you chose (5, 10 or 15 years).
  • Property must be your primary residence.
  • Doublewide mobile homes must be on land you own, affixed to a permanent foundation and less than 20 years old.
  • Loans are subject to credit approval and offerings are subject to change.

Home Equity Line of Credit (HELOC) – Variable Rate Loans

  • Borrow up to 100% of your home’s value less any existing mortgage balance, based upon creditworthiness.
  • 20-year term with a 10-year draw period.
  • No need to apply again for a loan during the draw period — your credit limit is available to you as the balance is paid down.
  • You only make payments on the amount you have used, not the entire credit limit.
  • Property must be your primary residence.
  • Rates may change quarterly based on your margin and prime rate.
  • Doublewide mobile homes must be on land you own and affixed to a permanent foundation.
  • Loans are subject to credit approval and loan rates are subject to change.

Stop by one of our branches or call any GCCU branch to speak with a loan officer and learn more.

*Closing costs are waived unless the loan is discharged within 3 years of the origination date in which case you will be required to pay closing costs, which consist of the following: title search, flood determination, recording fees and appraisal. Subject to membership, credit and property approval. New York State mortgage taxes do apply. Some restrictions apply.