Routing Number 325181248
Home Loans —
Dream home. Dream condo.
Notes and Fees
5 Year Adjustable Rate Mortgage (ARM)
*Offer subject to change without notice. APR = Annual Percentage Rate. Rate is accurate as of 08/24/2023 and may change at any time. Rate is variable and subject to change after consummation. Sample loan: $320,000 loan amount at 80% loan to value, an estimated $6,943 in loan fees and charges. APR = 4.828%. After the conclusion of the initial 5-year period, the minimum rate is 3.00% and the maximum rate is 5% over the start rate. The rate is based on U.S. Treasury Five Year Index plus a margin of 2.75% based on credit score, and can change every 5 years. Payment example does not reflect taxes, insurance, or other charges you may incur.
30 year fixed-rate mortgages
All loans subject to approval. Assuming 20% down, purchase for a $296,000 loan with a 30 year fixed term at 7.908% APR, your monthly payment on a single-family home would be $2,121. Payment does not include taxes, insurance, or other charges. Actual monthly payment will be higher.
Dream home. Dream condo. Dream financing.
If you plan to call it home, Gesa is here to help. We know it’s a big step, and that the right knowledge will give you the confidence to take it. That’s why our advisors stay by your side as we navigate every part of the home loan process, from securing your first down payment to finding the most competitive mortgage rate and refinancing your loan as your needs evolve.
How to know if you’re ready
Before you start searching for your new home or comparing mortgage rates, start evaluating your current situation and how it could change in the near future. Get started by asking yourself some basic questions:
- Do you have a stable income?
- Do you plan on starting a family, or experience any other major life changes that impact your financial stability?
How to evaluate your financial situation before buying a house
Start by reviewing your bank accounts and billing statements to accurately gauge how much money you’re making and spending each month. If you’re going to buy a house with someone else (like a spouse), review your finances together and then ask yourselves some questions:
- Do you have a stable job or other income?
- After a mortgage payment, will you still be able to save money each month?
- Will you still be able to manage other debts like student loans and car payments?
- Do you keep your credit debt low to help qualify for a better mortgage?
- Do you have enough money saved for a down payment and closing costs?
Buying vs. Renting
Benefits of Buying
- Instead of paying a landlord's mortgage by means of rent you could be building equity in your own home.
- Your rent payments aren't tax deductible. You're also able to write off mortgage interest and property taxes.
- Unlike rent - your mortgage payment is usually a fixed amount that won't go up when the market changes.
- You can customize your home to match your dreams or personality.
Benefits of Renting
- Your landlord is often responsible for home repairs and upgrades.
- You won't have to buy homeowners insurance or pay property taxes on your home.
- Moving can be easier since you won't have to sell your home or find renters
Considering a new build?
Construction loans require special loan documentation and can get a bit tricky. Our loan officers are ready to help you navigate the world of short-term, single-close, and construction-permanent loans.
Determining your down payment
The amount of your monthly mortgage payment and how it fits in your budget is key to determining how much house you can afford.
Your down payment is cash you’ll pay for the home at closing. Down payment requirements can be as little as zero down, depending upon several key factors. The more money you put down, the lower your monthly payment and interest rate will be.
Down payment help is available. Special restrictions apply. If you need help determining your down payment, check out the resource links below.
Notes & Fees
All loans subject to approval. Assuming 20% down, purchase for a $296,000 loan with a 30 year fixed term at 6.375% APR, your monthly payment on a single-family home would be $1,847. Payment does not include taxes, insurance, or other charges. Actual monthly payment will be higher.
Home Loan Services
Routing Number: 325181248
51 Gage Blvd. Richland, WA 99352
Federally insured by NCUA
Equal Housing Opportunity
Co-op Shared Branch
Federally insured by NCUA
Equal Housing Opportunity Lender
Co-op Shared Branch
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Notes & Fees Glossary
| Disclaimer | |
|---|---|
| *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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