Learn more about GICU Home Equity Loans and Home Equity Lines of Credit - now with NO closing costs*!
Whatever your home loan needs are, we’ll help you find the right solution.
Home Equity Loans
With rates as low as 2.99% APR**
Home Equity Line of Credit
With rates as low as 5.50% APR***
Flexible terms - including interest-only payment.
Get Rates and Start Your Application
TERMS & CONDITIONS
*APR = Annual Percentage Rate. Rates accurate as of 1/1/2019. Your rate will be based on your credit history and may vary based on creditworthiness, qualifications and collateral conditions. All loans are subject to approval. Offer not valid for real estate purchase transactions. Applies to owner occupied, 1-4 family residential real estate. Borrower may have to pay for an evaluation or appraisal if one is requested as well as any costs to clear title issues. Offer valid on applications received from January 1, 2019 – December 31, 2019 and closed by January 31, 2020. Offer cannot be combined with any other offer. Home Equity Loans and Home Equity Lines of Credit are only available in Iowa. Offer excludes all loans already financed at Greater Iowa Credit Union. Greater Iowa Credit Union reserves the right to discontinue the offer at any time.
** The maximum rate for a home equity loan (HEL) is currently 7.24% APR. Estimated monthly payment example = $29.08 per $1,000 borrowed with a maximum LTV of 80% (payment example is based on 2.99% APR and a term of 36 months). Offer applies to home equity loans of at least $10,000 with a minimum three year term. Maximum loan to value of 80% and maximum term of 10 years. Loan must be in second lien position only.
*** The maximum rate for a home equity line of credit (HELOC) is 18% APR. Interest-only payments during 10 year draw period, then amortizes over 15 years from end of draw period. Rate is variable monthly and is based on Prime ten days prior to month end. Estimated monthly payment example during interest-only period = $4.38 per $1,000 borrowed with a maximum LTV of 80% (payment example is based on 5.25% APR, the lowest available rate as of 11/1/2018). Estimated monthly payment during amortization period = $8.04 per $1,000 borrowed and a term of 180 months. Offer applies to home equity lines of credit of at least $10,000. Maximum loan to value of 80%. Loans can be in first or second lien position.