A Home Equity Loan is a multi-purpose loan that is secured by a lien on your home. As a homeowner, you can use the equity in your home for things like a home improvement project, college tuition, family vacation or even to consolidate credit card debt. The interest rate is usually much lower than what you'd pay on a credit card or personal loan. Best of all, the interest you pay may be tax-deductible. (Please check your status with a trusted tax advisor.)

With rates as low as 3.25% APR* and same day approval, fast closings and - you can get that equity working for you any time you choose and it's that SIMPLE! 


Also Available NEW 15-Year Fixed-Term!  


APR = Annual percentage rate.   All loans subject to credit approval. Rate and term to be determined based on credit worthiness. Rate includes full relationship discount. Refinancing of existing GHS FCU loans  does not qualify. Minimum loan amount is $5,000.00. Credit union membership required with a $25 minimum deposit and $1.00 membership fee. On a $25,000.00 loan, payment would be $452.04 (e) at 3.25%  APR for 60 months. Monthly payment is example only and will vary based upon loan amount, loan term and loan to value. Advertised rate based on A+ credit and less than 61% loan to value. GHS will pay most  closing cost fees with the exception of state mortgage tax fee and county discharge fee. Property insurance required. Flood insurance may be required. Rates subject to change. Some restrictions may apply.

Home Equity Line of Credit

You may also want to look into a Home Equity Line of Credit which is much the same as a regular Home Equity Loan. There is one important exception however, the Home Equity Line of Credit allows you to take advances (to your approved maximum), as needed.  As you pay down the loan, the money becomes available again for your use.   

Did you know? Credit life and credit disability insurance are available on GHS home equity loans.  The GHS Loan Department (607) 723-7962 can give you more information on this and GHS Home Equity Loans and/or Lines of Credit and help you to apply.




Relationship Discount

Our relationship discount provides extra savings on most GHS loans. Members can qualify for 0.25% off their loan by having an automatic monthly payment from GHS checking/savings/payroll.  An additional 0.25% will be taken off  the loan for being an eStatement User (New or Existing). Call the GHS loan department for more information. Binghamton: (607) 723-7962, or Norwich: (607) 334-6461.