Home equity lines of credit empower homeowners to make renovations, buy a vacation home, or pay off high-interest debt and save money!
With best-in-class rates and a variety of everyday banking products, Gesa has the right account, card, or loan for you.
Up to 5.00% APY
On select checking accounts!
We have the accounts, products, and services to help you and your small business succeed.
Gesa credit union is committed to making a positive impact in the communities we serve.
Gesa makes banking as easy, convenient and secure as possible.
Unlock your home’s full potential with a Gesa Home Equity Loan or HELOC. Renovate, pay off tuition, consolidate debt, or fund your next adventure with our competitive rates and flexible options. You’ll turn your home equity into opportunities!
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.
A Home Equity Loan lets you borrow a lump sum, using your home’s equity as collateral. With fixed payments and a predictable schedule, it’s a dependable way to fund big projects or major milestones.
A HELOC gives you a revolving line of credit, letting you borrow against your home’s equity. It’s a smart choice for ongoing expenses like renovations, unexpected costs, or consolidating debt while maintaining flexibility.
You don’t have to look too far. Connect with a local home loan officer today!
Home equity lines of credit empower homeowners to make renovations, buy a vacation home, or pay off high-interest debt and save money!
A HELOC can get you the extra cash you need to succeed—no matter the goal.
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.
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.
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.
*APR = 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 – 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.
All loans subject to approval.
*APR = 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 – . Minimum loan amount is $10,000. Maximum loan amount is $500,000. Gesa will lend up to 90% of the value on a member’s primary residence (75% on manufactured homes and 70% 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.
All loans subject to approval.
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Gesa makes banking as easy, convenient and secure as possible.
Gesa credit union is committed to making a positive impact in the communities we serve.
We have the accounts, products, and services to help you and your small business succeed.
With best-in-class rates and a variety of everyday banking products, Gesa has the right account, card, or loan for you.
Up to 5.00% APY
On select checking accounts!
Routing Number 325181248
Applying should only take a few minutes. Please have these documents ready:
Use your online banking log-in to pre-fill your application with saved information.
You can easily change your debit card through our affinity form.
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*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:
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