Home Equity
Your home. Your Investment. Your equity for whatever YOU need!
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Renovations
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Unexpected expenses
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Consolidate other debt
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Go on a vacation
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And more!
"When we needed a Home Equity Line-of-Credit to finance a new roof for our home, we initially applied elsewhere, and after months of no response, we went to GSCU. We were approved within the week! We have moved most of our banking over to GSCU. When we need financial service, GSCU has been quick and easy to deal with, and has great rates."
Harvest the heat
Winter is on its way. Now is the time to improve your home's energy efficiency and save on heating costs!
Start by entering to win a Google® Nest Smart Thermostat by sharing your energy-saving tips! ENTER TO WIN
A GSCU Equity Loan can help make all your home wishes come true!
*Participation is limited to U.S. residents age 18 or older. Employees and volunteers of Granite State Credit Union (GSCU), and their immediate household are ineligible to participate or win. The promotion period runs from November 12, 2024 through November 30, 2024. To enter, participants must complete an entry form at www.gscu.org during the promotion period. One entry per person. All eligible entries have an equal chance of winning. Odds of winning are based upon the number of entries. One winner will be randomly selected and notified on December 2, 2024. Prize valued at $263.62. Winner must claim prize within 30 days of notification, or such person shall forfeit the prize and an alternate winner will be selected. Entrants agree to allow GSCU to use his or her name, likeness, and information of their submission in any GSCU publication, including GSCU’s website, social media pages, and in-branch displays. By participating, entrants agree to be bound by these official rules. Winner agrees to hold GSCU, its directors, officers, employees, and agents harmless. This promotion is not sponsored, endorsed, administered by, or associated with Facebook, Instagram, Twitter, Pinterest, or LinkedIn. Void where prohibited by law.
Home Equity Options
A home's equity is your home's current value minus the amount you still owe on your mortgage. Home Equity lending options use that equity in your home to allow you to borrow funds. Pre-approvals valid for 120 days.
- Borrow a specific amount with a one-time disbursement
- Structured monthly payments
- Flexible loan term
- Similar to a mortgage or vehicle loan
- Borrow sums up to your credit limit
- Multiple disbursement opportunities
- Minimum monthly payments
- Similar to a credit card
Save even more! See if you qualify for our no closing costs program.*
- Minimum $75,000.00 line or loan amount
- Property is 1-4 unit owner occupied primary residence
- GSCU is in second lien position behind a conventional mortgage product
- Title is not held in trust
- Home is not listed for sale
*Interim Interest from the date of disbursement to the 1st of the following month will be charged at the time of closing and is not covered by the No Closing Cost Program. Fees for title insurance, and additional title costs incurred if GSCU is in the first lien position or the existing first mortgage on the property is a home equity product where no lender title insurance exists; or if the title is held in a trust, fees for trust review and trustee certificate preparation will be incurred by member. Fees for additional title work or documentation to correct title defects will be charged to the member as the service is rendered and are not covered by the No Closing Cost program. The appraisal fee will be collected at the time the appraisal is ordered. GSCU will reimburse you at the time the loan disburses if you meet the eligibility criteria set forth above. If the loan does not disburse, the appraisal fee will not be refunded. Offer subject to change at any time; please contact the mortgage department for current No Closing Cost criteria.
| Rates As Low As | Annual Percentage Rate (APR)* | Maximum LTV | Term | Estimated Monthly Payment/$1000 |
|---|---|---|---|---|
| 6.750% | 6.750% | 80% | 10 Years | $11.48 |
| 8.500% | 8.500% | 90% | 10 Years | $12.40 |
| 9.750% | 9.750% | 100% | 10 Years | $13.08 |
| 7.250% | 7.250% | 80% | 15 Years | $9.13 |
| 9.000% | 9.000% | 90% | 15 Years | $10.14 |
| 10.250% | 10.250% | 100% | 15 Years | $10.90 |
| 7.500% | 7.500% | 80% | 20 Years | $8.06 |
| 9.250% | 9.250% | 90% | 20 Years | $9.16 |
| 9.500% | 9.500% | 100% | 20 Years | $9.32 |
| *Annual Percentage Rate (APR) is based on a loan of $75,000 and a minimum credit score of 700 for all borrowers. Your rate, margin and APR may be higher. All loans are priced individually. Closing costs in the range of $400 - $800 will be incurred on all Home Equity Plans. Hazard Insurance is required. No Closing Costs incurred on Equity Loan if a minimum of $75,000.00 established at closing and GSCU is in second lien position, and home is not listed for sale. Minimal fees incurred if GSCU is in first lien position or title is held in a trust. An Early Termination Charge equal to the amount of Bona Fide Third-Party Costs paid by Granite State Credit Union on your behalf will be charged to you in the event you make a full prepayment of the principal balance and close your home equity loan with us before the third anniversary of the date your home equity loan was opened with us. After the third anniversary, the early termination charge will no longer apply. Minimum Loan amount for all loan programs is $10,000 with a Maximum loan of $766,550.00. Rates and amount financed are determined by your credit history and are based on excellent credit. Rates are subject to change daily. | ||||
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| Rates As Low As | Annual Percentage Rate (APR)** | Maximum LTV | Estimated Monthly Payment/$1000 | |
|---|---|---|---|---|
| Fixed | 8.750% | 8.750% | 70% | $15.00 |
| Fixed | 8.750% | 8.750% | 80% | $15.00 |
| Fixed | 10.000% | 10.000% | 90% | $15.00 |
| Fixed | 11.000% | 11.000% | 100% | $15.00 |
| Variable | Prime - .25% | 7.50% | 80% | $15.00 |
| Variable | Prime + .50% | 8.25% | 90% | $15.00 |
| Variable | Prime + 2.50% | 10.250% | 100% | $15.00 |
| (9 Year Draw - 1 Year Repayment- may result in a balloon payment). *Annual Percentage Rate (APR) is based on a loan of $75,000 and a minimum credit score of 700 for all borrowers. Your rate, margin and APR may be higher. All loans are priced individually. Closing costs in the range of $400 - $800 will be incurred on all Home Equity Plans. Hazard Insurance is required. No Closing Costs incurred on Equity Loan if a minimum of $75,000.00 established at closing and GSCU is in second lien position, and home is not listed for sale. Minimal fees incurred if GSCU is in first lien position or title is held in a trust. An Early Termination Charge equal to the amount of Bona Fide Third-Party Costs paid by Granite State Credit Union on your behalf will be charged to you in the event you make a full prepayment of the principal balance and close your home equity loan with us before the third anniversary of the date your home equity loan was opened with us. After the third anniversary, the early termination charge will no longer apply. Minimum Loan amount for all loan programs is $10,000 with a Maximum loan of $766,550.00. Rates and amount financed are determined by your credit history and are based on excellent credit. Rates are subject to change daily. | ||||
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| Rates As Low As | Annual Percentage Rate (APR)* | Maximum LTV | Estimated Monthly Payment/$1000 | |
|---|---|---|---|---|
| Fixed | 8.750% | 8.750% | 80% | $12.53 |
| Fixed | 10.000% | 10.000% | 90% | $13.22 |
| Fixed | 11.250% | 11.250% | 100% | $13.92 |
| Variable | Prime -.25% | 7.500% | 80% | $11.88 |
| Variable | Prime +.75% | 8.500% | 90% | $12.41 |
| Variable | Prime +2.50% | 10.250% | 100% | $13.36 |
| (5 Year Draw - 10 Year Repayment). Minimum Payment during draw period will be interest only based on line balance and number of days in the billing period. *Annual Percentage Rate (APR) is based on a loan of $75,000 and a minimum credit score of 700 for all borrowers. Your rate, margin and APR may be higher. All loans are priced individually. Closing costs in the range of $400 - $800 will be incurred on all Home Equity Plans. Hazard Insurance is required. No Closing Costs incurred on Equity Loan if a minimum of $75,000.00 established at closing and GSCU is in second lien position, and home is not listed for sale. Minimal fees incurred if GSCU is in first lien position or title is held in a trust. An Early Termination Charge equal to the amount of Bona Fide Third-Party Costs paid by Granite State Credit Union on your behalf will be charged to you in the event you make a full prepayment of the principal balance and close your home equity loan with us before the third anniversary of the date your home equity loan was opened with us. After the third anniversary, the early termination charge will no longer apply. Minimum Loan amount for all loan programs is $10,000 with a Maximum loan of $766,550.00. Rates and amount financed are determined by your credit history and are based on excellent credit. Rates are subject to change daily. | ||||
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