Mortgage Helpful Resources

Home Equity Resources

RESOURCES FOR IMPROVING YOUR HOME

  • 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. The amount of equity you may be able to borrow depends on a variety of factors like how much debt you have, how much equity you have built, and your ability to repay the loan.

  • What Can I Use Home Equity Funds for?

      The equity you have built in your home is an excellent resource for accomplishing your goals. You can use equity funds you’ve borrowed to …

      • Make improvements and repairs on your home
      • Build additions or renovate your home
      • Pay off high-interest debt like medical bills, student loans and credit cards

LOAN ASSISTANCE PROGRAMS

At GECU, we have programs to help you achieve your dreams of homeownership. Our friendly, knowledgeable professionals know what it means to buy a home and can help you find ways to help you open the door on your very own home.

Welcome Home El Paso1:

Make homeownership a reality with this program that offers up to 5% of the amount of your home loan in down payment assistance(1) that you don't have to repay! GECU is the only lender in El Paso offering this program, ask us about it today!


(1) This 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.