Mortgages

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At GSCU, you'll always deal with local service for the life of your mortgage loan. Pre-approvals valid for 120 days.

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Mortgage Options

Fixed-Rate Mortgage

Featuring a set interest rate that remains the same for the life of your loan. A Fixed Rate Mortgage allows the borrower protection from sudden rate increases because the rate and payment stay consistent.

Adjustable Rate Mortgage

An Adjustable Rate Mortgage offers an interest rate that varies over time. Usually, this mortgage has a lower initial rate and payment than a traditional Fixed Rate Mortgage and allows borrowers more buying power when looking for a new home. These are also great for borrowers who don't plan on living in one place for a very long time. Rates and payments of an Adjustable Rate Mortgage can rise over the life of the loan. It's important to consider how long you plan on staying in the house, how much you can afford, and if you could afford the payment if the rate increases.

Ways to Apply

Online

Email Us

Phone:
1. 800.645.4728

First-Time Homebuyer Programs

No Down Payment Low Down Payment Adjustable Low Down Payment Fixed Compare Program Options Get Ready

Ready for a home of your own but don't have enough saved for a down payment AND closing costs? Our no down payment mortgage is the perfect option for you!

0% Down Payment
5/1 Adjustable Rate Mortgage
Single-family or Condo

Looking for your first home but not ready for a 30-year commitment? An adjustable rate mortgage offers a lower rate, for more house. And you can refinance before your rate adjusts.

3% Down Payment
3/3 Adjustable Rate Mortgage
Single-family or Condo
Down payment and closing costs may be gifted funds
No Private Mortgage Insurance

Want the security of locking into a fixed rate but don't have a lot to put down? Our low down payment fixed rate option offers the best of both!

3% Down Payment
30-year Fixed Rate Mortgage
Single-family or Condo
Down payment and closing costs may be gifted funds

Table data for First-Time Homebuyer Program Comparison
Rates effective 11-21-2024
	No Down Payment 5/1 ARM*	Low Down Payment 3/3 ARM**	Low Down Payment 30-Year Fixed***
Required Down Payment - Percentage	0%	3%	3%

Required Down Payment - Dollars	$0	$12,000	$12,000

Loan Amount	$400,000	$388,000	$388,000

Rate as low as	6.250%	6.500%	6.750%

APR	7.455%	7.254%	7.372%

Principal & Interest	$2,462.87	$2,452.42	$2,516.56

Taxes & Insurance	$658.33	$658.33	$658.33

Private Mortgage Insurance	$230.00	N/A	$223.10

TOTAL MONTHLY PAYMENT	$3,351.20	$3,110.75	$3,397.99

Comparisons are based on an example purchase price of $400,000. Home must be primary residence, may be single family home, attached or detached condo. Maximum Loan Term is 360 months. Caps: 2% per change/5% lifetime. Base Margin: 3.000%. Index: 1 yr T-Bill as published in the Wall Street Journal. Taxes, and insurance, Private Mortgage Insurance are estimated amounts, Total monthly payment is subject to change. The stated amounts are based on the fixed rate period and the payment will likely increase after that period of time. Your payments may be greater. Annual Percentage Rate (APR) is based on a loan of $400,000 with 0% down. Credit qualifications and approval are required. Your rate, margin and APR may be higher. All loans are priced individually, your rate may be higher. The APR on ARMs is adjusted periodically after closing, which may result in an increase. Rates are subject to change. This credit union federally insured by the National Credit Union Administration. Equal housing lender. NMLS# 477276. Home must be primary residence, may be single family home, attached or detached condo. Maximum Loan Term is 360 months. Caps: 2% per change/6% lifetime. Base Margin: 2.75%. Index: 3 yr T-Bill as published in the Wall Street Journal. Taxes and insurance are estimated amounts, Total monthly payment is subject to change. The stated amounts are based on the fixed rate period and the payment will likely increase after that period of time. Your payments may be greater. Annual Percentage Rate (APR) is based on a loan of $400,000 with 3% down. Credit qualifications and approval are required. Down payment may be gifted; gift letter must be executed by donor and proof of funds from the donor and receipt from borrower is required prior to closing. Your rate, margin and APR may be higher. All loans are priced individually, your rate may be higher. The APR on ARMs is adjusted periodically after closing, which may result in an increase. Rates are subject to change. This credit union federally insured by the National Credit Union Administration. Equal housing lender. NMLS# 477276. **Home must be primary residence, may be single family home, attached or detached condo. Rate based on credit score and subject to change. Credit qualifications and approval are required. Taxes, insurance, and Private Mortgage Insurance are estimated amounts, Total monthly payment is subject to change. The stated amounts are based on the fixed rate period and the payment will likely increase after that period of time. Down payment may be gifted; gift letter must be executed by donor and proof of funds from the donor and receipt from borrower is required prior to closing. Offer subject to change at any time. Your payments may be greater. Annual Percentage Rate (APR) is based on a loan of $400,000 with 3% down. The example is based on rates for a 30 year fixed rate mortgage. This credit union is federally insured by the National Credit Union Administration. Equal housing lender. NMLS# 477276.

Buying a home is a big deal, whether you're doing it for the first time or getting back into the ever-changing market. When you educate yourself for smart homeownership with Framework, you'll navigate every step of the process with confidence.

Plus, this course could save thousands of dollars over the life of your mortgage for taking the steps to educate yourself today!*

Learn more

*Certain qualifications may apply.

How to Apply

Apply
Apply online or at a branch and ask a GSCU Branch Specialist any questions you may have
Gather paperwork
Gather and submit required documents such as recent paystubs and prior W-2's
Pre-approval
A GSCU Mortgage Processor will review the file and provide pre-approval pending conditions

Further property research
Collect funds for a home appraisal, title search, and flood certifications. Contact your insurance company and acquire Homeowners Insurance on the property
Underwriting & Final Review
A GSCU Mortgage Processor will submit the application with all supporting documentation and then move things along for final review
Close on your loan
GSCU's attorneys will contact you to set up a closing at their office and they'll explain the documents you're required to sign

Get Started

Home Buying Tools

How much you can afford is up to you.
Get an estimate
Buying a home is a major commitment that takes time and effort.
Get prepared
Framework helps you navigate the homebuying process with a course that can save you thousands of dollars over the life of your mortgage.*
*See if you qualify
Adjustable versus fixed - compare the differences.
Learn More
Resources on your property, the application process, and beyond.
Study up

Mortgage FAQ's

What will my mortgage payment look like over the life of the loan?

Loan amount

Loan rate

Loan term (years)

15 30

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Payment amounts are estimates and include principal and interest only. Monthly payment may increase if escrowing taxes and insurance.

Fixed Rate Mortgage Programs Adjustable Rate Mortgage Programs Land Loan Mortgage Programs Construction Loan Mortgage Program

Table data for Fixed Rate Mortgage Programs
Rates effective 11-21-2024
Rates As Low As	Annual Percentage Rate (APR)	Term Information	Points	Monthly Payment Per $1,000
6.750%	6.902%	30 Year	0	$6.49

6.500%	6.697%	20 Year	0	$7.46

6.125%	6.288%	15 Year	0	$8.51

6.000%	6.229%	10 Year	0	$11.10

All Rates are for Owner-Occupied 1-4 Unit property only. Payments amounts on the above products do not include amounts for taxes and insurance premiums. Your payments may be greater. Annual Percentage Rate (APR) assumes a purchase transaction and is based on a loan of $100,000 with 20% down and a minimum credit score of 740 for all borrowers. Your rate and APR may be higher. All loans are priced individually. Rates are subject to change at any time. Maximum LTV of 95% for the purchase of a single-family primary residence only. Fixed Rate Mortgage loans may also be subject to risk-based pricing adjustments called "loan-level price adjustments" as defined by the most recent Fannie Mae LLPA Chart. Minimum Loan amount is $10,000 with Maximum Loan Amount not to exceed Fannie Mae Loan Limits for property type and location. This limit is generally $766,550.00. Rates and amount financed are determined by your credit history and are based on excellent credit.

Table data for 3/1 Year Adjustable Rate Mortgage Program
Rates effective 11-21-2024
Rates As Low As	Annual Percentage Rate (APR)	Points	Monthly Payment Per $1,000	Fully Indexed Rate	Monthly Payment Per $1,000 (with Fully Indexed Rate)
5.500%	6.975%	0	$5.68 first 36 months	7.125%	$6.96

All Rates are for Owner-Occupied 1-4 Unit Property Only. Maximum Loan Term is 360 months. Caps: 2% per change/6% lifetime. Base Margin: 2.75%. Index: 1 yr T-Bill as published in the Wall Street Journal. Estimated Monthly Payment per $1000 – Loan principal and interest. If an escrow account for taxes and insurance is required, total monthly payment will be higher. The stated amount per $1,000 is based on the fixed rate period and the payment will likely increase after that period of time. Payments amounts on the above products do not include amounts for taxes and insurance premiums. Your payments may be greater. *Annual Percentage Rate (APR) is based on a loan of $100,000 with 20% down and a minimum credit score of 720 for all borrowers. Your rate, margin and APR may be higher. All loans are priced individually, your rate may be higher. The APR on ARMs is adjusted periodically after closing, which may result in an increase. Rates are subject to change. Maximum LTV for all products is 95%, and is reserved for the purchase of a single-family primary residence only.

Table data for 5/1 Year Adjustable Rate Mortgage Program
Rates effective 11-21-2024
Rates As Low As	Annual Percentage Rate (APR)	Points	Monthly Payment Per $1,000	Fully Indexed Rate	Monthly Payment Per $1,000 (with Fully Indexed Rate)
5.750%	6.816%	0	$5.84 first 60 months	7.375%	$7.31

All Rates are for Owner-Occupied 1-4 Unit Property Only. Maximum Loan Term is 360 months. Caps: 2% per change/5% lifetime. Base Margin: 3.000%. Index: 1 yr T-Bill as published in the Wall Street Journal. Estimated Monthly Payment per $1000 – Loan principal and interest. If an escrow account for taxes and insurance is required, total monthly payment will be higher. The stated amount per $1,000 is based on the fixed rate period and the payment will likely increase after that period of time. Payments amounts on the above products do not include amounts for taxes and insurance premiums. Your payments may be greater. *Annual Percentage Rate (APR) is based on a loan of $100,000 with 20% down and a minimum credit score of 720 for all borrowers. Your rate, margin and APR may be higher. All loans are priced individually, your rate may be higher. The APR on ARMs is adjusted periodically after closing, which may result in an increase. Rates are subject to change. Maximum LTV for all products is 95% unless part of first-time homebuyer program, and is reserved for the purchase of a single-family primary residence only.

Table data for 7/1 Year Adjustable Rate Mortgage Program
Rates effective 11-21-2024
Rates As Low As	Annual Percentage Rate (APR)	Points	Monthly Payment Per $1,000	Fully Indexed Rate	Monthly Payment Per $1,000 (with Fully Indexed Rate)
6.000%	6.755%	0	$6.00 first 84 months	7.375%	$7.53

All Rates are for Owner-Occupied 1-4 Unit Property Only. Maximum Loan Term is 360 months. Caps: 5% first change and lifetime/2% per change after first change. Base Margin: 3.00%. Index: 1 yr T-Bill as published in the Wall Street Journal. Estimated Monthly Payment per $1000 – Loan principal and interest. If an escrow account for taxes and insurance is required, total monthly payment will be higher. The stated amount per $1,000 is based on the fixed rate period and the payment will likely increase after that period of time. Payments amounts on the above products do not include amounts for taxes and insurance premiums. Your payments may be greater. *Annual Percentage Rate (APR) is based on a loan of $100,000 with 20% down and a minimum credit score of 720 for all borrowers. Your rate, margin and APR may be higher. All loans are priced individually, your rate may be higher. The APR on ARMs is adjusted periodically after closing, which may result in an increase. Rates are subject to change. Maximum LTV for all products is 95%, and is reserved for the purchase of a single-family primary residence only.

Table data for 10 Year Land Loan Mortgage Program
Rates effective 11-21-2024
Rates As Low As	Annual Percentage Rate (APR)	Points	Monthly Payment Per $1,000	Fully Indexed Rate	Monthly Payment Per $1,000 (with Fully Indexed Rate)
7.000%	8.999%	0	$11.61 for first 12 months	9.375%	$13.74

10 Year Loan Term. 1/1 Year ARM. Caps: 2% per change/6% lifetime. Base Margin: 5.00%. Index: 1 yr T-Bill as published in the Wall Street Journal. Estimated Monthly Payment per $1000 – Loan principal and interest. If an escrow account for taxes and insurance is required, total monthly payment will be higher. The stated amount per $1,000 is based on the fixed rate period and the payment will likely increase after that period of time. Payments amounts on the above products do not include amounts for taxes and insurance premiums. Your payments may be greater. Annual Percentage Rate (APR) is based on a loan of $100,000 with 20% down and a credit score greater than 720 for all borrowers. Your rate, margin and APR may be higher. All loans are priced individually. The APR on ARMs are adjusted periodically after closing, which may result in an increase. Max LTV for undeveloped land can be up to 80%. All Land Loans require a Perk Test that is less than 3 years old and the land must be a buildable house lot. The appraisal ordered in conjunction with the application will provide us with the confirmation of this. Minimum Loan amount is $10,000 with Maximum Loan Amount not to exceed Fannie Mae Loan Limits for property type and location. This limit is generally $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.

Table data for 15 Year Land Loan Mortgage Program
Rates effective 11-21-2024
Rates As Low As	Annual Percentage Rate (APR)	Points	Monthly Payment Per $1,000	Fully Indexed Rate	Monthly Payment Per $1,000 (with Fully Indexed Rate)
8.000%	9.379%	0	$9.56 for first 36 months	10.250%	$12.10

15 Year Loan Term. 3/3 Year ARM. Caps: 2% per change/6% lifetime. Base Margin: 6.00%. Index: 3 yr T-Bill as published in the Wall Street Journal. Estimated Monthly Payment per $1000 – Loan principal and interest. If an escrow account for taxes and insurance is required, total monthly payment will be higher. The stated amount per $1,000 is based on the fixed rate period and the payment will likely increase after that period of time. Payments amounts on the above products do not include amounts for taxes and insurance premiums. Your payments may be greater. Annual Percentage Rate (APR) is based on a loan of $100,000 with 20% down and a credit score greater than 720 for all borrowers. Your rate, margin and APR may be higher. All loans are priced individually. The APR on ARMs are adjusted periodically after closing, which may result in an increase. Max LTV for undeveloped land can be up to 80%. All Land Loans require a Perk Test that is less than 3 years old and the land must be a buildable house lot. The appraisal ordered in conjunction with the application will provide us with the confirmation of this. Minimum Loan amount is $10,000 with Maximum Loan Amount not to exceed Fannie Mae Loan Limits for property type and location. This limit is generally $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.

Table data for Construction Loan Mortgage Program
Rates effective 11-21-2024
Rates As Low As	Annual Percentage Rate (APR)	Points
7.000%	12.235%	1

12 Month Loan Term. Maximum LTV of 95%. Annual Percentage Rate (APR) is based on a loan of $100,000 with 20% down at a simple rate of 8.000%. Interest only on the amount of credit outstanding will be paid monthly. One payment of the principal balance will be due at the end of the 12 month period. APR also includes fees for periodic inspections and plot plan.

GET COZY

Mortgage Options

Fixed-Rate Mortgage

Adjustable Rate Mortgage

Ways to Apply

First-Time Homebuyer Programs

How to Apply

Apply

Gather paperwork

Pre-approval

Further property research

Underwriting & Final Review

Close on your loan

Home Buying Tools

Live Chat

GSCU Routing Number: 211489494

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