Borrow Funds From Your Home

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Borrow Funds From Your Home

GET STARTED

Use funds from your home to pay for big expenses or to consolidate debt. A GECU home equity loan provides great benefits like low rates, one monthly payment and can be renewed every year.

APPLY TODAY

HOW IT WORKS

APPLY FOR A LOAN (1)
APPLY FOR A LOAN (1)
CLOSE ON YOUR LOAN
CLOSE ON YOUR LOAN
PAY OFF DEBT
PAY OFF DEBT

APPLY FOR A LOAN (1)

Applying for your home equity loan is easy. GECU will let you know how much equity you have available on your home and will provide you a term that fits your needs.

CLOSE ON YOUR LOAN

You are at the finish line to close on your Home Equity loan. GECU will take care of setting up the closing appointment and ensure all paperwork is ready to go for your signature. Once everything is signed, you will receive funds within three business days.

PAY OFF DEBT

Now that you have the funds from your home equity loan, you can begin paying off high-interest rate debt.Take advantage of one low monthly payment and start saving!

HELPFUL RESOURCES

Understanding Your Credit
LEARN MORE

HOW MUCH EQUITY CAN I BORROW

The equity of your home can be a great tool for making improvements or renovations and even consolidating debt.

Ready To Buy A Home
LEARN MORE

WHAT CAN I USE HOME EQUITY FUNDS FOR

The equity you have built in your home is an excellent resource for accomplishing your goals.

Managing Debt
WATCH

HOW TO MANAGE DEBT

Getting out of debt can seem overwhelming and complex. You need guidance on the right steps and a good plan to get yourself back on track.

Borrowing Equity
LEARN MORE

HOW MUCH EQUITY CAN I BORROW

The equity of your home can be a great tool for making improvements or renovations and even consolidating debt.

How to use home equity
LEARN MORE

WHAT CAN I USE HOME EQUITY FUNDS FOR

The equity you have built in your home is an excellent resource for accomplishing your goals.

Managing Debt
WATCH

HOW TO MANAGE DEBT

Getting out of debt can seem overwhelming and complex. You need guidance on the right steps and a good plan to get yourself back on track.

Borrowing Equity
LEARN MORE

HOW MUCH EQUITY CAN I BORROW

The equity of your home can be a great tool for making improvements or renovations and even consolidating debt.

How to use home equity
LEARN MORE

WHAT CAN I USE HOME EQUITY FUNDS FOR

The equity you have built in your home is an excellent resource for accomplishing your goals.

Managing Debt
WATCH

HOW TO MANAGE DEBT

Getting out of debt can seem overwhelming and complex. You need guidance on the right steps and a good plan to get yourself back on track.

HOW MUCH CAN I AFFORD?

Use these calculators(2) to estimate rates and payments.

YOUR LENDING OPTIONS

We have a variety of loans to fit your lifestyle.

WELCOME HOME EL PASO

Down Payment Assistance(3)

GECU is offering the opportunity of a lifetime! Welcome Home El Paso is a down payment assistance program that makes homeownership a reality by offering up to 5% of the amount of your home loan in payment assistance. 

Why Choose GECU?

FAQs

(1)All loans subject to credit qualification and approval. The property must be located in the United States, within a 150-mile radius of El Paso County, to include Hudspeth County. Certain fees and conditions apply. Membership-eligibility requirements apply.

(2) Information and interactive calculators are made available to you as self-help tools for your independent use and are used to quickly estimate the loan amount or monthly payment that fits your budget. This information is provided for illustrative purposes only. Rates are subject to change, and your loan terms may vary based on your individual circumstances.

(3)Assistance program is brought to you by the El Paso Housing Finance Corporation and is subject to qualification, income criteria and home purchase price. The residence must be located within the El Paso city limits. Other conditions apply.