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Home Equity Loans

Fixed Home Equity Loans

With a Fixed Home Equity Loan from Gesa, you can consolidate your debts or make home improvements using the equity in your home. A Fixed Home Equity Loan gives you the flexibility you need, while providing potential tax advantages.

  • Fixed rates as low as 4.75% APR*
  • Convenient and easy access to funds
  • No fees on loans of $25,000 or more
  • Flexible spending power at an affordable rate

Home Equity Lines of Credit

When you are looking for expanded flexibility, consider a low-cost Home Equity Line of Credit (HELOC). HELOCs are a great option for long-term projects or for access to funds in emergencies; use only what you need when you need it. HELOCs offer convenient checks for periodic draws against your credit line, along with the ability to make transfers to other Gesa accounts in a branch or online with Online Banking.

  • Variable rates as low as 4.00% APR*
  • Convenient and easy access to funds
  • No fees on loans of $25,000 or more
  • Flexible spending power at an affordable rate

Contact us today! 509.378.3100 or toll free at 888.946.4372.

Fixed Home Equity Loan Rates

Loan TypeAPR*
(as low as)
Loan AmountTerm
(up to)
       
Home Equity 5.75% $5,000 60 months
Home Equity 4.75% $5,000+ 96 months
Home Equity 4.75% $10,000+ 120 months
Home Equity 5.00% $15,000+ 180 months
Home Equity 5.25% $150,000+ 240 months

*APR = annual percentage rate. Rates, terms, and fees are subject to change.

Home Equity Line of Credit Rates

Loan TypeAPR*
(as low as)
Term
(up to)
     
Home Equity Line of Credit 4.00% 180 months with 60 months draw

*APR = annual percentage rate. Rates, terms, and fees are subject to change.

Fixed Home Equity Loan Notes and Fees

APR is stated as annual percentage rate. Gesa will finance a fixed-rate, one-time loan advance using the equity in a member's primary residence as collateral for the loan. The property must be located in Washington or Oregon. All loans require an appraisal regardless of loan amount. Loan value restrictions apply. Min. request is 5,000; max. request is $250,000. No fees on loans of $25,000 or more. For loans under $25,000, required fees include a title fee starting at $100, and appraisal fee starting at $350, and a recording fee starting at $82. All loan rates and terms offered are dependent on credit qualifications, are subject to loan to value guidelines, and are subject to change. Contact Gesa for full program details.

Home Equity Line of Credit Notes and Fees

APR is stated as annual percentage rate. Gesa will finance a line of credit using the equity in a member's primary residence as collateral for the loan. The property must be located in Washington or Oregon. All loans require an appraisal regardless of loan amount. The interest rate margin is 0% over the Prime Rate as published in the Wall Street Journal, adjusted quarterly, with a floor of 4.0% and a maximum of 18.0%. Min. loan amount is $10,000. Maximum loan amount is $250,000. No appraisal fee on loans of $25,000 or more. For loans under $25,000, required fees include an annual fee of $30, a title fee starting at $100, an appraisal fee starting at $350 and a recording fee starting at $82. Possible fees include a tax service fee for $72. There are no pre-payment penalties. All loan rates and terms offered are dependent on credit qualifications, are subject to loan to value guidelines, and are subject to change. Property insurance is required. Contact Gesa for full program details.

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