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Tap Into Equity!

Tap into equity with a NO FEE Home Equity Loan or Line of Credit for a limited time only!

No-Fee Home Equity Loan¹

  • Fixed rates as low as 4.75% APR¹
  • No closing fees on loans with a minimum amount of $25,000 and a loan to value of up to 90%
  • Various year terms
  • Pay off loan sooner with extra principal payments

No-Fee Home Equity Line of Credit²

  • Variable rates as low as 5.50% APR²
  • No closing fees on loans with a minimum amount of $25,000 and a loan to value of up to 90%
  • 5 year draw period
  • Transfer funds to other Gesa accounts

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Disclosures

¹APR = 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. Minimum loan amount to qualify for fee waivers is $25,000. Maximum loan amount is $250,000. Gesa will pay all closings costs for loans with a minimum loan amount of $25,000 and a loan to value up to 80%. Gesa will pay all closing costs EXCEPT for the appraisal (if required) for loans with a minimum loan amount of $25,000 and a loan to value between 80% and 90%. For loans under $25,000, required closing costs to be paid by borrower will include appraisal fee, credit report fee, tax service fee, flood determination fee, title insurance fee, title settlement fee, and recording fee. Property location restrictions apply. All rates and terms offered are dependent on credit qualifications, are subject to loan to value guidelines, and are subject to change. Payment example: Fixed rate; terms to 180 months. $118.62 a month based on a 15 year, $15,000 loan at 5.00% APR. Contact Gesa Credit Union for full program details. Offer valid for a limited time only.
²APR = Annual Percentage Rate. The APR may vary after the account is opened. Gesa will finance a line of credit using the equity in a member’s primary residence as collateral for the loan. Property location restrictions apply. The variable interest rate is based on Prime rate as published in the Wall Street Journal plus a margin of .25% to 2.75%. Rate can be adjusted quarterly with a floor of 4% and a maximum of 18%. Minimum loan amount is $10,000. Maximum loan amount is $250,000. Annual Fee of $30 applies during the draw period (first 60 months). Gesa will pay all closing costs for loans with a minimum loan amount of $25,000 and a loan to value up to 80%. Gesa will pay all closing costs EXCEPT for the appraisal (if required) for loans with a minimum loan amount of $25,000 and a loan to value between 80% and 90%. There are no prepayment penalties. All rates and terms offered are dependent on credit qualifications, subject to loan to value, debt to income guidelines, and are subject to change without notice. Property insurance is required. Please contact Gesa Credit Union for full program details. Offer valid for a limited time only.
Tap Into Equity!
Equal Housing OpportunityNational Credit Union Administration