We offer competitive, fixed-rate mortgage and home equity financing options with personalized service from our local Home Loan Experts.
Mortgage Loans
MyAdvantage, Conventional, and Jumbo Mortgage Options
Our Home Loan Experts understand the importance of maximizing your greatest financial asset by identifying the solution that works best for your specific goals and monthly budget.
- MyAdvantage Mortgage
- NO down payment required*
- NO Private Mortgage Insurance (PMI)*
- Ideal for first-time homebuyers
- Purchases only; no refinances
- Rate buydown available
- Conventional & Jumbo Mortgages
- Standard mortgage loans
- Fixed, competitive rates and flexible terms
- Ideal for buyers who have equity established in their current home, buyers who want to refinance, or first-time buyers who prefer to put some money down
Mortgage Comparison Chart
Find the Mortgage That's Right for You
Competitive Rates
Terms of 15, 20 or 30 Years
No Down Payment*
No Private Mortgage Insurance*
Low Closing Costs
Refinance Available
Cash-Out Available
Traditional Mortgage
*All loans are subject to standard underwriting criteria and approval, and subject to acceptance of appraisal/valuation. Rates and terms may vary based on creditworthiness, qualifications and/or collateral conditions. Property must be a single family home used as primary residence. No other Real Estate Owned property allowed. Escrow account is required. Closing costs must be paid at time of close; no gifts allowed. Asset reserve requirements apply. Maximum loan amount is $766,550. In addition to the 1% origination fee, borrower will be responsible for closing costs which may include title insurance, appraisal fee, and survey costs. Hazard insurance is required, including flood insurance, if applicable.
Generations FCU is an Equal Housing Lender. The credit union makes loans and extend credit without regard to race, color, religion, national origin, sex, handicap, or familial status.
Are You Mortgage Loan Ready?
Home Equity
Home Equity Loan or Line of Credit: Which is best for you?
Use the equity in your home to help you meet any number of your financial goals, including home renovations, debt consolidation, unexpected vehicle repairs, and more.
- Home Equity Loan – A standard, fixed-rate loan. Terms from 5 to 20 years and a maximum loan amount up to 80% CLTV (combined loan-to-value) means you can get the financing that works best for your specific budget and needs.
- Home Equity Line of Credit (HELOC) – Similarly to the standard loan, a Home Equity Line of Credit also allows you to borrow against the equity in your home, but offers the increased flexibility of being able to draw on those funds as you need to. Biggest perk? A HELOC with GFCU has a FIXED rate for payment transparency, plus we offer an interest-only payment option for the first 5 years.
Ready to start your Home Loan application?
Apply Online Now