When you need extra cash for a certain time, try our fast, convenient Home
Equity Loan--the Home Equity loan without all the headaches.
- Borrow up to 80% of the equity in your
home — appraised value less first
trust
- Borrow from $10,000
- Terms up to 15 years available
- No closing costs
- Low fixed rates
- Disability, life and joint life payment
protection insurance are available*
- Repayment may be made through payroll deduction
/ direct deposit, automatic transfer
from your GPOFCU account, by coupon,
through Day 'N' Night Teller audio response,
by mail or in person
Loan Calculator
Home Equity Line of Credit
With a Home Equity Line of Credit you can draw on the equity at any time, the
Credit Union offers:
- Great low rates.
- Rate is the Wall Street Journal Prime Rate adjusted quarterly
- Open-ended line of credit for up to 80% of the value of your home, less
any mortgage
- No closing costs
- Minimum line is $10,000
- The minimum payment is the greater of $100 or 1.5% of the outstanding balance
at the time of the advance
- Disability, life and joint life payment protection insurance are available*
- Repayment may be made through payroll deduction / direct deposit, automatic
transfer from your GPOFCU account, through Day 'N' Night Teller audio response,
by mail or in person
*Payment Protection
is credit life and disability insurance and
is underwritten by Life Investors Insurance
Company of America (Home Office - Cedar Rapids,
IA) and is available to credit union members
only through GPOFCU (Home Office - Washington,
DC). Exclusions, limitations and terms of availability
apply to this coverage. For cost and complete
details, contact your loan officer.
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