Online Banking Login

home Equity

How you use the equity in your home, matters.

Decorative Arrow

Two Options to Choose from.

Make the most of your home’s equity by taking advantage of the value you’ve been building. Borrow the resources you need, at the rates and terms that make sense for your budget.

Home Equity Loans can be used for home improvements, education expenses, debt consolidation, and more – you can benefit financially simply by owning your home.

Home Equity Line of Credit:

Money Bag Icon

What are Home Equity Lines of Credit?

  • Apply for a credit line that you can draw against in various amounts, as needed
  • Borrow up to 100% of your home’s appraised or assessed value, less the outstanding first mortgage balance
  • Payments may vary from month-to-month based on the current balance of the line of credit
  • Keep remaining portion of your line of credit open for draws and payments, as needed
  • Variable rate loan based on the prime rate, subject to change quarterly

Benefits of Home Equity Lines of Credit

  • Borrow on an as-needed basis (for emergencies, vacations, or other expenses)
  • Rates lower than many other loans
  • Interest is charged, only when you carry a balance
  • No annual fees or prepayment penalties
  • Easy access to funds with online banking
  • Quicker loan process and turn time than traditional mortgages

Home Equity Loan:

Money Bag Icon

What are Home Equity Loans?

  • Borrow up to 100% of your home’s appraised or assessed value, less the outstanding first mortgage balance
  • Apply once for a specific loan amount, with a specific term
  • Available terms: 5 or 10 years
  • Quicker loan process and turn time than traditional mortgages

Benefits of Home Equity Loans:

  • Enjoy low fixed rates
  • Perfect for members who want to borrow a certain amount and have set monthly payments
  • No annual fee or prepayment penalties

For detailed product information, please view the Home Equity Line of Credit Initial Disclosure.
CU NMLS #403283

Home Equity Loans

APR1
As Low As

Term

3.25%5 Years
4.25%10 Years

Home Equity Line of Credit

APR2
As Low As

Term

As low as 5.00%N/A

1APR is Annual Percentage Rate. Offer subject to credit approval. The rate (non Real Estate loans) listed assumes an automatic payment method and is for new loans to GRFCU only.  Rate reflects all available discounts.   For U.S. residents, rate applies to current year model with a loan term of up to 60 months (based on credit worthiness), up to 100% LTV (loan to value).  Please call for rates on older model collateral.  Loan amount will be determined by income and other factors.  An example of payment terms are as follows:  2.99% APR over 24 months would be $42.98 per $1,000.00 borrowed.  Rates are subject to change at any time without notice.

2APR is Annual Percentage Rate. APR is subject to change. The rates listed assumes an automatic payment method. All rates (non Real Estate loans) are subject to credit certification and approval. The rates shown are the lowest available and your rate may be higher. The home equity line of credit and credit card are variable rate products based on a margin above the Wall Street Journal posted Prime Rate.  Home equity lines of credit have a maximum rate of 18.00% APR and require proof of property insurance. That margin will be assigned based on credit score and other factors. An example of payment terms are as follows: an amount financed of $7,500 with an APR for 12.75% and a term of 60 months would have a monthly payment of $171.41.

Yep, you’ll need paperwork.

Don’t worry, view our checklist to see what’s needed.

You Can Apply Online!

Play with the Numbers

House Icon

Our Loan Officers can help you find the Home Equity Loan that’s right for you.

Contact a Loan Officer directly email: [email protected]

Personal Loan

Life is constantly changing, and it’s important to have the option to borrow money when it matters most. 

Mortgage

Getting the home of your dreams matters. Learn about our home loan products.

BECOME A MEMBER

Your story may bring you here in celebration, because of exciting future plans, or a life changing event. Maybe you are struggling and looking for help, or perhaps going to the credit union is an errand in your day. All of these stories matter to us!