Making the Future Affordable with a Home Equity Loan
Your home is your secure foundation for the rest of your life, and it's also an asset that can help you reach other financial goals—when you get an affordable home equity loan from Genisys.
When it comes to borrowing money against your home, Genisys has your security in mind. That's why we offer you a choice when you want to borrow money based on the value of your home. Choose your home equity loan:
- Fixed-rate, fixed-term home equity loan – Perfect for members who want to borrow a certain amount and have set monthly payments
- Variable-rate line of credit – Great for members who want to borrow different amounts as needed and don’t mind varying payment amounts
| Home Equity - Fixed Term | |||
| Effective Date: Sunday, May 5th, 2024 | |||
| Loan to Value up to | Rate as low as | APR as low as* | Approximate Term |
| 80.00% | 5.99% | 6.12% | up to 5 years |
| 80.00% | 6.49% | 6.56% | up to 10 years |
| Annual Percentage Rate designated as APR. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval, not all applicants will qualify. Rate shown is the best rate offered for all Home Equity Loan Products, with a loan amount under $400,000, loan to value at or below 80%, and credit score of 740 or higher. The minimum line of credit is $5,000 and the minimum draw amount is $100. Fees charged for the closing of a Home Equity Line of Credit start at $275 and could be as high as $1,500. A home equity is secured by a first or second mortgage lien on your primary residence only. Flood and/or property hazard insurance may be required. Other restrictions may apply. See Credit Union for complete details. Credit Union reserves the right to end the promotion at any time and without notice. | |||
| Flex Home Equity Line of Credit | ||
| Effective Date: Sunday, May 5th, 2024 | ||
| Variable Rate | ||
| Loan to Value up to | APR as low as* | Maximum APR |
| 80% | 8.00% | 18.00% |
| Annual Percentage Rate designated as APR. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval, not all applicants will qualify. Rate shown is the best rate offered for all Home Equity Loan Products, with a loan amount under $400,000, loan to value at or below 80%, and credit score of 740 or higher. The minimum line of credit is $5,000 and the minimum draw amount is $100. Fees charged for the closing of a Home Equity Line of Credit start at $275 and could be as high as $1,500. A home equity is secured by a first or second mortgage lien on your primary residence only. Flood and/or property hazard insurance may be required. Other restrictions may apply. See Credit Union for complete details. Credit Union reserves the right to end the promotion at any time and without notice. | ||
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