Home Equity

From a pool to relax by during the summer to new windows to reduce your heating costs, or even some extra funds for travel - put your home's equity to work for you! 

Renovate your current property into the home of your dreams!

Been looking for a new home but by the time you call on the listing it's already gone? With GSCU's Red Hot Renovation Loan you can use the equity in your current property to create the home of your dreams! Don't let this hot market burn your new home plans! 

Red Hot Renovation Loan

Apply On-the-Go!

Now you can apply for your mortgage or equity product from any device! We've enhanced our lending experience by offering our application on smartphones and tablets. You can even stay up-to-date with the latest information and status of your loan application!

With our Online and Mobile Application you can:

  • Compare rates
  • Get a rate quote 
  • Utilize loan calculators
  • Review your loan information
  • And of course, apply for your mortgage or equity product!

Home Equity Loan

Closed-end equity loan, set monthly payments, fixed or variable rates - find what fits your needs!

Table data for Home Equity Loan Fixed Rate Programs
 Rates effective 07-19-2018
Rates As Low As Annual Percentage Rate (APR)* Maximum LTV Term Estimated Monthly Payment/$1000 Alert Me
4.750% 4.750% 80% 5 Years $18.76
6.900% 6.900% 90% 5 Years $19.75
7.900% 7.900% 100% 5 Years $20.23
4.990% 4.990% 80% 10 Years $10.60
7.490% 7.490% 90% 10 Years $11.87
8.490% 8.490% 100% 10 Years $12.39
5.650% 5.650% 80% 15 Years $8.25
7.650% 7.650% 90% 15 Years $9.36
8.650% 8.650% 100% 15 Years $9.94
6.000% 6.000% 80% 20 Years $7.16
*Annual Percentage Rate (APR) is based on a loan of $40,000 and a minimum credit score of 700 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. Closing costs in the range of $375 - $650 will be incurred on all Home Equity Plans. Hazard Insurance is required. No Closing Costs incurred on Equity Loan if a minimum of $40,000.00 advanced 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 Fee 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 fee will no longer apply. Minimum Loan amount for all loan programs is $10,000 with a Maximum loan of $453,100.00. 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 Home Equity Loan Adjustable Rate Programs
 Rates effective 07-19-2018
Rates As Low As Annual Percentage Rate (APR)* Maximum LTV Term Information Estimated Monthly Payment/$1000 Alert Me
4.900% 4.947% 80% 10 Year - Base Margin 0% $10.56
5.900% 5.946% 90% 10 Year - Base Margin 1% $11.05
6.900% 6.946% 100% 10 Year - Base Margin 2% $11.56
4.900% 4.962% 80% 15 Year - Base Margin 0% $7.86
5.900% 5.961% 90% 15 Year - Base Margin 1% $8.39
6.900% 6.356% 100% 15 Year - Base Margin 2% $8.93
5.490% 5.497% 80% 20 Year - Base Margin .50% $6.87
6.490% 6.497% 90% 20 Year - Base Margin 1.50% $7.45
7.490% 7.497% 100% 20 Year - Base Margin 2.50% $8.05
*Annual Percentage Rate (APR) is based on a loan of $40,000 and a minimum credit score of 700 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. Closing costs in the range of $375 - $650 will be incurred on all Home Equity Plans. Hazard Insurance is required. No Closing Costs incurred on Equity Loan if a minimum of $40,000.00 advanced 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. Rate adjusts ever 3 years with a per change cap of 2% and a lifetime cap of 6% An Early Termination Fee 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 fee will no longer apply. Minimum Loan amount for all loan programs is $10,000 with a Maximum loan of $453,100.00. Rates and amount financed are determined by your credit history and are based on excellent credit. Rates are subject to change daily.

Home Equity Line-of-Credit

Convenient, revolving line-of-credit for quick and easy access to funds whenever you need them! 

Table data for 10 Year Home Equity Line-of-Credit Rates
 Rates effective 07-19-2018
Rates As Low As Annual Percentage Rate (APR)** Maximum LTV Estimated Monthly Payment/$1000 Alert Me
Fixed 6.900% 6.900% 70% $15.00
Fixed 7.250% 7.250% 80% $15.00
Fixed 8.500% 8.500% 90% $15.00
Fixed 9.500% 9.500% 100% $15.00
Variable Prime - .25% 4.75% 80% $15.00
Variable Prime + .50% 5.500% 90% $15.00
Variable Prime + 2.50% 7.500% 100% $15.00
(9 Year Draw - 1 Year Repayment- may result in a balloon payment). *The Minimum APR for the Variable Rate Equity Line is 3.00% with a Maximum APR of 18.00%. **The APR on Variable Rate Lines are adjusted periodically after closing, which may result in an increase. Closing costs in the range of $375 - $650 will be incurred on all Home Equity Plans. Hazard Insurance is required. No Closing Costs incurred on Equity Lines if a minimum line of $40,000.00 is 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. A non-refundable maintenance fee of $45.00 will be charged each December the line is open. Prime Rate as published in the WSJ as of July 10, 2018 is 5.000%. Rates and amount financed are determined by your credit history and are based on excellent credit. Rates are subject to change daily. An Early Termination Fee 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 line of credit with us before the third anniversary of the date your home equity line of credit was opened with us. After the third anniversary, the early termination fee will no longer apply. Minimum Loan amount for all loan programs is $10,000 with a Maximum loan of $453,100.00 Rates are subject to change daily.

Table data for 15 Year Home Equity Line-of-Credit Rates
 Rates effective 07-19-2018
Rates As Low As Annual Percentage Rate (APR)* Maximum LTV Estimated Monthly Payment/$1000 Alert Me
Fixed 7.250% 7.250% 80% $11.74
Fixed 8.500% 8.500% 90% $12.40
Fixed 9.750% 9.750% 100% $13.08
Variable Prime -.25% 4.750% 80% $10.49
Variable Prime +.75% 5.750% 90% $10.98
Variable Prime +2.50% 7.500% 100% $11.87
(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. *The Minimum APR for the Variable Rate Equity Line is 3.00% with a Maximum APR of 18.00%. **The APR on Variable Rate Lines are adjusted periodically after closing, which may result in an increase. Closing costs in the range of $375 - $650 will be incurred on all Home Equity Plans. Hazard Insurance is required. No Closing Costs incurred on Equity Lines if a minimum line of $40,000.00 is 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. A non-refundable maintenance fee of $45.00 will be charged each December the line is open. Prime Rate as published in the WSJ as of July 3, 2018 is 5.000%. Rates and amount financed are determined by your credit history and are based on excellent credit. Rates are subject to change daily. An Early Termination Fee 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 line of credit with us before the third anniversary of the date your home equity line of credit was opened with us. After the third anniversary, the early termination fee will no longer apply. Minimum Loan amount for all loan programs is $10,000 with a Maximum loan of $453,100.00 Rates are subject to change daily.

Refer-A-Loan

When you refer your friends and family you both benefit! 

Refer a NH resident or business owner to GSCU and you both will receive:

  • $25 for Consumer Loans*
  • $50 for Mortgage and Home Equity Loans*

Complete the form and ask the individual you are referring to submit it to GSCU with their application. 

*Offer is available to existing and new members. Loans must be new to GSCU. Minimum Consumer loan balance of $5,000 or more. Applies for all secured and unsecured loans except for those for business purposes. Minimum Mortgage balance of $100,000 and minimum $40,000 Equity loan balance. Excludes Equity lines-of-credit and Overdraft lines-of-credit. Does not apply to commercial or investment properties. Once it is determined that all criteria has been met, the appropriate incentive will be paid to the referrer and referee’s GSCU saving account within 30 days of loan closing. Member responsible for paying all taxes associated with the reward. This credit union federally insured by NCUA. Equal Housing Lender. NMLS#477276

No Closing Costs!

Save even more! See if you qualify for our no closing costs program.*

  • Minimum $40,000.00 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

*No closing costs incurred if $40,000 minimum line or loan amount. 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. 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. In the event that you make a full Prepayment of the principal balance and close your Home Equity (in the case of a Line) with us before the third anniversary of the date your Home Equity product was opened with us, an Early Termination Fee equal to the amount of Bona Fide Third Party Costs paid by Granite State Credit Union on your behalf will be charged to you. After the third anniversary, the early termination fee will no longer apply. Fees for additional title work or documentation to correct title defects will be charged at the time of closing and are not covered by the No Closing Cost program. There may be instances, where the appraisal fee will be collected at the time the appraisal is ordered. When this happens, GSCU will reimburse you at the time the loan disburses if you meet the eligibility criteria set forth above. Offer subject to change at any time, please contact the Mortgage Department at 1-800-645-GSCU or e-mail us for current No Closing Cost criteria. To help protect your privacy, if you should need to send personal account information, such as your member number or Social Security Number, to the credit union we recommend using our Secure Message Center. A fee of $45 is due annually for Home Equity Line of Credit. Homeowners Insurance is required.

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