Home loans — Gesa Home Loans Borrow from a credit union in the neighborhood. We offer a variety of home loan options from refinancing to construction with competitive rates and features. Apply NowView Pending Application PurchaseBuy a home with Gesa Learn more RefinanceReplace your current mortgage Learn more Home Equity LoanLeverage equity in your home Learn more Explore our RatesSee why Gesa is better Learn more Find a Loan OfficerGet started with a Gesa Loan Officer Learn more Home Loan Programs Made for YouDiscover our loan programsZero Down Home Loans No down payment required, low rates, and no income exclusions. Sounds like a hoot! 3% Down Home Buyer Loan Low interest rates, increased purchase power, a 50% debt to income ratio, less money needed to close. What’s not to love? 5/5 ARM Loans Greater payment stability without yearly rate adjustments, a lower initial rate and lower down payment. Let’s take the leap! Construction Loans Our construction loans offer flexible options for financing while your home is being built, plus long-term financing after your home is complete. Contact a loan officer to get started today. 105% Purchase Loan 105% combined loan-to-value ratio (CLTV), low interest rates, no income restrictions, and the loan can be used towards closing, down-payment or pre-paids. Ready to get started? Home Equity Loans Home Equity loans let you borrow against the equity in your home. Looking to remodel? Finance a college education? Consolidate debt? Our Home Equity programs may be just the answer. Down Payment Help Answer a few questions and see how many programs may match your circumstances. Learn MoreCommon Loan Terms We’ve created a list of some of the more commonly used mortgage terms, and definitions in plain language. Learn MoreFind a Loan Officer Find a loan officer near you and explore your path forward to a purchase, refinance, or home equity loan. Learn MoreCommon questionsWhat types of home loans does Gesa offer? Gesa offers a diverse assortment of home loan programs no matter where you are in your home buying journey. Find a loan officer near you to find out more about our programs and which loan options is the best fit for you. Conventional Loans Zero Down Home Loans 3% Down Home Buyer Loan 105% Purchase Loan 5/5 ARM Loans 10-30 Year Financing Construction Loans Jumbo Loans Reduced Down Payment Options Local Lenders & Local Approvals Land Loans Portfolio Products What are Gesa’s mortgage rates? Gesa is committed to offering competitive rates whether you are purchasing a home, refinancing, or looking into how you can take advantage of your home’s mortgage. You can check today’s rates using our rate tracker. What is Private Mortgage Insurance (PMI)? Private Mortgage Insurance is provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults. Private Mortgage Insurance is generally required for a loan with an initial loan to value (LTV) percentage in excess of 80%. In most cases, this will mean that you will have to pay Private Mortgage Insurance if your down payment is less than 20% of the value of the home you are purchasing or refinancing. The cost of the mortgage insurance is typically added to the monthly mortgage payment. What is the difference between interest rate and APR? Your interest rate is the monthly cost you pay on the unpaid balance of your home loan. An Annual Percentage Rate (APR) includes both your interest rate and any additional cost or prepaid finance charges such as the origination fee, points, private mortgage insurance, underwriting, and processing fees (your actual fees may not include all of these items). While your interest rate is the rate at which you will make your monthly mortgage payments, the APR is a universal measurement that can assist you in comparing the cost of mortgage loans offered by different mortgage lenders. Licenses & Disclosures Gesa Credit Union is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580. Gesa Credit Union is a licensed mortgage lender in Washington, Oregon and Idaho. See more