Skip Menu
Gesa Credit Union will be closed on July 4 for Independence Day. This includes all branches and our Member Contact Center. Regular hours will resume July 5. Learn more about our holiday hours

Home Equity Loans —

Homeownership opens up doors

Banking Help

Make the most of your home equity*

From making home improvements, paying for your education or paying off debts to jet-setting on your dream vacation, or investing in a small business, you can use your home equity to your advantage. Our team at Gesa is here to help make the most of your home equity.

Home Equity Line of Credit (HELOC)*

Home equity lines of credit empower homeowners to make renovations, buy a vacation home, or pay off high-interest debt and save money!

Happy People

A HELOC can get you the extra cash you need to succeed—no matter the goal.

Navigating the appraisal process

Just like when you bought your home, you’ll need an appraisal to confirm the value of your property. The appraiser will inspect your home and compare it to similar, recently sold homes in your area to determine an opinion of value.


Need help or advice?

You don’t have to look too far. Connect with a local home loan officer today!

The underwriting process

After all your documents are submitted, Gesa will work on underwriting your loan. This is where the underwriter checks all the details on your mortgage application and supporting documentation to make sure everything’s accurate and fulfills the necessary guidelines.

Once the underwriter approves all the required paperwork, your loan is nearly complete. Your lender will be in touch with you to schedule your closing and review your final loan numbers.

Home Equity Loan

Your debt-to-income (DTI) ratio

Another factor to take into consideration is your DTI. DTI is all your monthly debt payments divided by your gross monthly income. DTI is one way lenders measure your ability to repay the money you’re borrowing.

Most lenders require a DTI of 45% or lower, and the maximum DTI varies by the type of loan you receive A high DTI can impact your ability to refinance or limit your refinance options. Remember that utilities, phones, etc. do not count toward your DTI. Contact a Gesa loan officer if you have any questions.

Notes and Fees

Fixed Home Equity

APR is stated as annual percentage rate.

Gesa Credit Union 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, Oregon and Idaho: Minimum loan amount is $20,000. Maximum loan amount is $250,000.00. 

Rates range from – 14% APR. The quoted APR ranges are accurate as of and are subject to change. All rates and terms offered are dependent on credit qualification, are subject to loan to value guidelines, and are subject to change. You must be a Gesa Credit Union Member and not all applicants will qualify. Contact Gesa Credit Union for full program details.

Fixed Home Equity Fees

Gesa will cover all standard set up fees (excluding full appraisal fees, if applicable and other title fees outside of normal circumstances).

Typical appraisal costs range from $600-$900.



*All loans subject to approval.

APR is stated as annual percentage rate.

Gesa will finance a line of credit using the equity in a member’s primary residence, investment property or vacation home as collateral for the loan. The property must be located in Washington, Oregon and Idaho. No balloon payment will result during the payment period.

The APR is based on Prime rate as published in the Wall Street Journal plus a margin of 1.00 % to 7.00 %. APR can be adjusted quarterly with a floor of – 18%. Minimum loan amount is $10,000. Maximum loan amount is $250,000. Gesa will lend up to 90% of the value on a member’s primary residence (75% on manufactured homes and investment properties), minus any existing mortgages or liens. The loan has a 10 year draw period followed by a 15 year repayment period. The variable monthly payment during the draw period will be a minimum of $75.00 or an interest only payment (whichever is greater) based on the balance of the loan when the cycles ends each month. During the 15 year repayment period, the payment will be a variable and the payment of principal and interest to pay the balance owing at the end of the draw period in full on an amortized 15 year term.


A $35.00 annual fee will be charged beginning annually, one year after the line is established.

Primary Residences-Gesa charges a one-time $395.00 lender fee and will cover all other standard set up fees (excluding full appraisal fees, if applicable and other title fees outside of normal circumstances).
Typical appraisal costs range from $600-$900.

Investment/Second Homes-Borrower pays all fees on investment properties and second homes. Typical total fees range from $1300-$1500.


Other Loan Services

People helping people.

Gesa credit union is committed to making a positive impact in the communities we serve.

Affinity Partner Cards

Affinity debit cards give back to your community when you swipe.

We're in the business of growing yours.

We have the accounts, products, and services to help you and your small business succeed.

Business owner

Business Visa:
A low-rate card made for business owners.

Learn More

Banking made for you.

With best-in-class rates and a variety of everyday banking products, Gesa has the right account, card, or loan for you.

Gesa customer using card

Up to 5.00% APY
On select checking accounts!

Learn More

We have upgraded to a new account opening process. Click Get Started to continue.

Getting started is easy!

Applying should only take a few minutes. Please have these documents ready:

Call (888) 946-4372 or apply at a branch

Already a member?

Use your online banking log-in to pre-fill your application with saved information.

Notes & Fees Glossary

*APY* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. APY is accurate as of the first day of the month – the last dividend declaration date.
SmartPlus Checking*To earn the higher rate, you must:
  1. Enroll in eStatements
  2. Make a monthly direct deposit of over $200
  3. Complete 15 debit card transactions
  4. Provide and maintain a valid email address
  5. Limit one account per member
For any month where the account does not meet the qualification requirements, the account will earn a lower rate. Minimum balance of $5 needed to open.Qualifying account balances meet minimum requirements. APY subject to change monthly. Rate may change after the account is opened. The qualifying period begins with the first day of the calendar month and ends on the last day of the calendar month at 6:00 P.M. Pacific Time. No monthly fees and no minimum balance required to maintain account. Minimum opening deposit of $5. Fees could reduce earnings. Limit of one specialty checking account (Smart Plus Checking) per member.

* * * * *