$500 OFF*
CLOSING COSTS
on Fixed-Rate
Home Equity Loans
Promo Code: 500HOME
Perks of a Fixed-Rate Home Equity Loan
Experience Low Fixed Rates, at a Set Loan Amount and Term
Enjoy No Prepayment Penalties and a Faster Application Process
Borrow up to 100% of your Home’s Appraised or Assessed Value
APR5 | Term |
|---|---|
| 7.25% | 5 Years |
| 7.25% | 10 Years |
| 7.50% | 15 Years |
| 7.75% | 20 Years |
5APR is Annual Percentage Rate. Subject to credit approval. The rates listed assume automatic payment methods and are for new loans to GRFCU. Rates reflect all available discounts. Other fees and restrictions may apply. Loan amounts will be determined by income and other factors, including collateral details. An example of payment is 7.25% APR over for 5 years will be $19.92 for every 1,000 borrowed. Rates are subject to change at any time without notice.
A Little Bit About Us
Great River Federal Credit Union is a not for profit financial institution that was built on the foundation of helping local communities with everyday financial needs. Over the past 75+ years in business; banking has evolved substantially, and we’ve evolved with it. From expanding our online platforms and product offerings, to focusing on innovation to better serve members in different parts of the world, we are now able to be the primary financial institution for anyone, regardless of where life takes them.
Amber Spanier
Loan Officer
Amber has been with Great River for 8 years, over 5 as a lender. She enjoys helping members achieve their financial goals, whether it’s buying a vehicle, remodeling a home, or consolidating debt. Building strong relationships with members allows her to find innovative solutions for their needs.
Nick Wannigman
Loan Officer
Nick has worked in finance for 7 years, starting as a teller before moving into lending, his desired role from the start. He relishes the creative challenge of finding optimal lending solutions for members. He particularly enjoys discussing exciting big purchases with them.
Shannon Wander
Consumer Lending Sales Manager
Shannon, an Army wife and mother of two, is a shopaholic and coffee lover who delights in making people laugh. With 12 years at Great River, she’s been in lending for 9 years. She thrives on crafting lending solutions that match members’ goals and dreams, finding joy in connecting with them along the way.
Schedule an Appointment with a Lender
Ready to Slash $500 OFF
your Closing Costs?
Apply Online
Complete our online loan application within minutes!
Promo Code: 500HOME
Schedule an Appointment
Speak with a Loan Officer via video chat or at a branch.
Promo Code: 500HOME
Frequently Asked Questions
What makes a Home Equity Loan or Line an attractive financing option?
Interest rates for home equity loans are typically lower than other forms of credit because your home is used as collateral – meaning the risk to the Credit Union is less than with an unsecured loan. A lower rate means a lower cost to you.
What are common uses for a Home Equity Loan?
How much of my home’s equity can I borrow against?
The amount of home equity you can borrow against depends on a number of factors including how much your home is worth, the outstanding balance on your mortgage, and your income and other credit-related factors.
Is the interest rate fixed or variable?
Our Fixed Home Equity Loan offers a fixed rate and fixed monthly payments over a pre-determined period of time.
*$500 off Closing Cost Special Disclosure
A credit up to $500 will be applied towards your loan costs at closing, not to exceed your total loan closing costs. Closing costs will vary based on loan amount, appraisal requirement, geographic location, and title examination findings. For loan amounts of $25,000 to $150,000, costs will typically range from $363 to $1121 including an appraisal if one is required. Property must be the primary residence. Property insurance required. Subject to credit approval and require income verification. Terms are subject to change. Cannot be combined with any other offer. Home Equity Loan must close within 60 days of application date to receive offer. Must be eligible for membership.