GFA Federal Credit Union

Home Equity Line of Credit

 

Let the demo begin! Homeflex - Home Equity Line of Credit

GFA's Homeflex - Home Equity Line of Credit gives you access to funds for ongoing projects. This is a form of credit in which you use your home as collateral. To qualify you must have available equity in your home, this means you owe less on your home than the actual value. You will be able to withdraw funds using checks when you need to pay for large expenses. Or transfer funds from your line to your checking account quick and easily using online or mobile banking to make a purchase with your debit card. 

Apply for Homeflex - Home Equity Line of Credit

Homeflex - Home Equity Line of Credit* Features

  • Variable rate
  • Use the funds for:
    • Home improvements
    • Debt consolidation
    • Life events - weddings, student loans, medical expenses
  • 10 year draw/10 year payback period
  • Principal and interest payment options available during the draw period

Apply Now  Check Rates

*Homeflex - Home Equity Line of Credit introductory rate (APR) of 1.99% for the first 12 months upon opening. Thereafter, the rate, including the rate on any existing account balance will convert to the applicable variable rate. Equity Lines of Credit are variable rates subject to increase after consummation, adjusting monthly to the Wall Street Journal Prime Rate minus .250% with a maximum APR rate of 18.000% with a floor rate of 3.500%. WSJ Prime Rate currently 5.500% as of 7/28/2022. Maximum Loan to Value 80%. Offer applies to owner-occupied primary residences only. Homeowners insurance may be required. Reimbursement Fee applicable if paid off and closed within 3 years of the date of loan closing. Other restrictions may apply. All loans are subject to credit approval.

Checking Accounts

Checking Accounts

GFA has checking accounts for all your financial needs.  Learn More

Learn More

Term Share Certificate

Term Share Certificate

GFA's Term Share Certificates will help you reach your savings goals faster.  Learn More

Start Saving

Online Financial Calculators

Online Financial Calculators

Use our Online Calculators to help with all your financial decisions.  Learn More

Learn More

Personal-Icon.jpgBusiness-Icon.jpgInvestments-Icon.jpgInsurance-Icon.jpg

© 2022 GFA FCU
229 Parker St, Gardner, Massachusetts 01440 US
Close