GFA Federal Credit Union

Home Equity Loan and Line Rates

Effective Date:

 

Revolving Line of Credit Mortgages - up to 80% LTV

Term
Rate
Annual Percentage Rate (APR)
Current Variable Rate
Max APR
Term 6 months
APR* 2.240%
Current APR* 2.240%
Current Variable Rate 6.000%
Max APR 18%

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Membership to GFA Federal Credit Union requires a $10 balance in a savings or checking account.
No Closing Costs
Equity Line: 10 yr draw - 10 yr repayment interest only payments, annual fee may apply. 
2.240% 6 month Promo rate then Prime minus 0.250% for life with floor rate of 3.500%
Prime rate as published in the Wall Street Journal on the first business day of each month 6.250% (effective 9/21/2022).
Variable rate, subject to change without notice.
The initial rate may be discounted.
Home owners insurance may be required.
Limited time offer.

Fixed Rate Equity Loans - up to 80% LTV

Fixed Rate Equity Loans
Term
Rate
Annual Percentage Rate (APR)
Payments/$1,000*
 
Term Up to 60 months
Rate 3.990%
APR* 3.990%
Payments/$1,000** $18.41

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Term Up to 120 months
Rate 4.250%
APR* 4.250%
Payments/$1,000**$10.24

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Term Up to 180 months
Rate 4.990%
APR* 4.990%
Payments/$1,000**$7.90

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Term Up to 240 months
Rate 5.740%
APR* 5.740%
Payments/$1,000** $7.15

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Membership to GFA Federal Credit Union requires a $10 balance in a savings or checking account.
No Closing Costs.

*Payment does not include taxes and insurance; actual payments may be greater.
Home owners insurance may be required.
Rates subject to change without notice.

Revolving Line of Credit Mortgages - from 80.01% to 100% LTV

Revolving Line of Credit Mortgage
Term
Rate
Annual Percentage Rate (APR)
Max APR*
 
Term Equity Line
Rate 8.250%
APR* 8.250%
Max APR* 18%

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Membership to GFA Federal Credit Union requires a $10 balance in a savings or checking account.
No Closing Costs
Equity Line: 10 year draw - 10 year repayment interest only payments, annual fee may apply.
Prime rate plus 2.000% with floor of 5.50%
Prime rate as published in the Wall Street Journal on the first business day of each month 6.250% (effective 9/21/2022).
Variable rate, subject to change without notice.
Home owners insurance may be required.

Fixed Rate Equity Loans - from 80.01% to 100% LTV

Fixed Rate Equity Loans
Term
Rate
Annual Percentage Rate (APR)
Payments/$1,000*
 
Term Up to 60 months
Rate 6.250%
APR 6.250%
Payments/$1,000* $19.45

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Term Up to 120 months
Rate 6.500%
APR 6.500%
Payments/$1,000* $11.35

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Term Up to 180 months
Rate 6.875%
APR 6.875%
Payments/$1,000* $8.92

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Term Up to 240 months
Rate 7.375%
APR 7.375%
Payments/$1,000* $7.98

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Membership to GFA Federal Credit Union requires a $10 balance in a savings or checking account.
No Closing Costs.
*Payment does not include taxes and insurance; actual payments may be greater
Home owners insurance may be required
Rates are subject to change without notice

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