Home Equity

$250,000 maximum, based on 80% of tax appraised value minus outstanding liens.

GEFCU must be in first lien position for loans over $150,000.


Fixed 60 Months or Less                                 As Low as 3.15 % A.P.R.


Fixed 61 to 120 Months                                  As Low as 3.65 % A.P.R.


Fixed 121 to 180 Months                                As Low as 3.90 % A.P.R.


Fixed 181 to 240 months***                         As Low as 4.15% A.P.R.

We now offer Fee Free** Home Equity loans for 20 year terms with rates as low as 4.15% A.P.R., so if you are looking into refinancing your mortgage, avoid the thousands of dollars in closing costs and consider a GEFCU Home Equity Loan instead! Contact a GEFCU loan officer for more details.

RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE, APR IS ANNUAL PERCENTAGE RATE.

* Borrower will be responsible for certain closing costs. If required, these closing costs may include title insurance, appraisal fee and survey costs. Home Owners insurance is required.

** Closing costs are waived on all new Home Equity loans in the amount of $25,000 or more, or when adding a minimum of $25,000 to an existing Home Equity loan **
Members refinancing their existing Home Equity must add a minimum of $10,000 in new money

*** Minimum loan amount of $50,000

Home Equity Loans subject to credit approval. Rates and terms subject to change without notice. As a safeguard, a 12-day cooling-off period is required by Texas law before Home Equity Loans may be closed. There is also a three-day Right of Rescission after closing before the funds may be disbursed. Total debts against the homestead are limited to 80 percent of its county tax appraisal. Minimum loan amount is $5,000.

Government Employees FCU NMLS#417539