Loans

Home Equity Loans

All the right ingredients for just the right home loan.

Use the equity in your home to qualify for a low, fixed interest rate loan that can be used to consolidate high-interest rate credit cards, pay off medical bills, make home improvements or meet other financial goals.

A Home Equity Loan makes major purchases affordable with:

  • Predictable payments that won’t shock your budget
  • Flexible repayment terms from 5 to 15 years based on loan amount
  • Loan amounts that match your financial goals. There’s no need to secure a loan for more money than you need. Minimum loan amounts start at $20,000. Need more than the minimum? Maximum loan amounts can be granted up to 80% of the fair market value of your home.

Speak with a Home Loan Specialist at 210-230-9380.

Home Equity Loan (1st Lien)

TermRate*APR*
5 years3.75%3.83%
7 years3.95%4.00%
10 years4.15%4.19%
15 years4.35%4.38%

*APR is Annual Percentage Rate. The APR is as of 05/01/2020. APR calculations are based on an assumed loan amount of $50,000. Minimum loan amount is $20,000. Maximum loan amount cannot exceed 80% of fair market value for first liens or 70% for second liens. All loans are subject to approval. Rates and terms are subject to change without notice and may vary based on creditworthiness. GFCU will pay customary lender fees to include charges for title search, credit reports, automated valuation reports, and document preparation. However, in certain circumstances, borrower may be responsible for additional costs such as title insurance, appraisal fee, property survey, and certain prepaid items. Property insurance is required, including flood insurance where required.

A Home Equity Lines of Credit

Did you know you can access the equity in your home without selling it? You can tap into those funds with a Home Equity Line of Credit (HELOC). Unlike other HELOCS, we offer borrowers a fixed interest rate for the life of the credit line.

GFCU borrowers enjoy flexible HELOC options, such as:

  • Interest-only payments for the first 5 years
  • Repayment terms up to 15 years
  • Initial minimum draws of $10,000

Your home’s value can unlock financial options you didn’t know you had. Contact a Home Loan Specialist who can walk you through our easy application and quick closing process for your Home Equity Line of Credit.

Speak with a Home Loan Specialist at 210-230-9380.

Home Equity Line of Credit (Interest-Only)

TermAPR* (as low as)Minimum Draw
15 years6.00%**$10,000

*APR is Annual Percentage Rate. The APR is as of 05/01/2020. APR is based on an assumed balance of $50,000. Maximum loan amount cannot exceed 80% of fair market value for first liens or 70% for second liens. All loans are subject to approval. Rates and terms are subject to change without notice and may vary based on creditworthiness. GFCU will pay customary lender fees to include charges for title search, credit reports, automated valuation reports, and document preparation. However, in certain circumstances, borrower may be responsible for additional costs such as title insurance, appraisal fee, property survey, and certain prepaid items. Property insurance is required, including flood insurance where required.

**Payments are interest-only for the first 5 years.

Home Equity Line of Credit (Principal + Interest Payments)

TermAPR* (as low as)Minimum Draw
10 years5.74%$16,000
15 years6.24%$10,000

*APR is Annual Percentage Rate. The APR is as of 05/01/2020. APR is based on an assumed balance of $50,000. Maximum loan amount cannot exceed 80% of fair market value for first liens or 70% for second liens. All loans are subject to approval. Rates and terms are subject to change without notice and may vary based on creditworthiness. GFCU will pay customary lender fees to include charges for title search, credit reports, automated valuation reports, and document preparation. However, in certain circumstances, borrower may be responsible for additional costs such as title insurance, appraisal fee, property survey, and certain prepaid items. Property insurance is required, including flood insurance where required.


Ready to apply for a Home Equity Loan or Line of Credit?