Real Estate Loans

GENCO HOME LOANS

Offering: Conventional, FHA, VA, USDA, Jumbo Loans, Primary Residence, Second Home & Investment Property Loans

* SPECIAL EVENT *

We’re casting a shadow on high interest rates with our HOME EQUITY LOAN Promotion.

Our rates will outshine the competition leaving you in awe of the savings.

Our rates are as low as 5.99% APR for 60 months and you get a $500 credit towards closing costs!

What a stellar opportunity to use the cash that’s already yours with a home equity loan!

This celestial offer won't happen again for decades so act today!

Apply Now Become A Member More Rates and Terms

*APR = Annual Percentage Rate Home Equity Loan rates effective 3/01/2024. Rates are stated “As Low As.” Rates and terms subject to approved credit. All rates subject to change without notice. PAYMENT EXAMPLE: $19.34 per $1,000 financed at 5.99% for 60 months. **The Credit Union is not authorized to offer tax advice. For more information, consult with your tax advisor regarding the deductibility of interest on a Home Equity Loan.

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New Home Loan

Invest in your family and your future. Our knowledgeable mortgage lending team finds the right mortgage for you.

Home Refi

Thinking of refinancing your home to save some money? Before you proceed, take time to do the math and determine if it will actually save you money.

Home Equity Loans

If you've been a homeowner for a few years now, chances are you've built some equity into your residence.

Have some questions?

We have answers.

GENCO Federal Credit Union benefits of owning a home

Rate Quote

Answer four simple questions and get a rate quote for your mortgage.

Rate Quote

Web Payment Center

Use our Online Payment Center to pay your GENCO loan from another financial institution.

ARM LOANS

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Home Buyers Seminar: WEBINAR

TOPICS COVERED:

Qualifying for a Home Loan
Types of Loan Products
Overcoming the Challenges of a Today's Market
Preparing for a Home Loan application
Benefits of Home Ownership and with a GENCO FCU Home Loan

When to Refinance

If it's early on in your mortgage term. Refinancing is usually best if you've been in your home a short time as your payments are primarily going toward interest. Down the road when you shift to paying more principal than interest, keeping your original loan may be best.

When interest rates are dropping. It may be a good time to refinance if mortgage rates are falling. By either keeping your current repayment term and lowering your monthly payments or keeping your monthly payments relatively the same and shortening your repayment terms, you may reduce your total borrowing costs.

If your home has increased in value, refinancing may allow you to take advantage of that boost in equity. You could then use those funds to pay off debt or make a large purchase.

Why Refinance?

To lower your monthly payments. Want to free up cash? If you're planning on being in your home for a while, you may want to refinance for a longer term; if you're looking to move in a few years, you may want to opt for a lower rate adjustable-rate mortgage (ARM). Either way, you could lower your monthly payments.

To reduce the home's total cost. Provided rates are lower than when you purchased, refinancing for a shorter term may allow you to pay your home off sooner and lower your interest payments. Your monthly payments will be relatively the same and you could save thousands in interest over the life of the loan.

To take cash out. Taking cash out means using your home's equity to refinance for more than you owe on your principal mortgage balance in order to get a cash payout. Keep in mind that cash-out refinancing does increase your overall mortgage debt.

Once you've determined that conditions are right for you to refinance, work with your GENCO Loan Processor to select the best refinancing option for you and understand what the next steps are for the loan you're refinancing.

*The credit union is not authorized to offer tax advice. For information, consult with your tax advisor. Membership eligibility required. Certain restrictions apply.

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