Home Equity. Make the most out of the equity in your home.

Home Equity Line of Credit (HELOC)

A HELOC is a real estate loan that functions as a line of credit and allows you to use the equity in your home for funding home improvements, education expenses, major purchases and provide ready-to-use cash. GEICO FCU makes unlocking the equity in your home easy and will even pay the closing costs.*

Once you have qualified for your HELOC, GEICO FCU will provide you with a Visa® Platinum card and checks so that you can easily access your funds. In addition, your interest payments may be tax-deductible. Consult your tax advisor for more information.

Click here to apply online.

*GEICO FCU will pay your closing costs if the borrower(s) meets certain conditions. To qualify, the initial advance must be $10,000 or more and remain open for 24 months. If the balance is zero within 24 months of the open date, the closing costs must be reimbursed by borrower(s) and may be added to your outstanding balance. Closing costs do not include application fee, flood certificate, and home value or appraisal fee. Recording fees and mortgage taxes paid by the borrower at closing. Certain restrictions apply. GEICO FCU processes Home Equity Lines of Credit in MD, DC, VA, WV, NY, CA, FL, GA, PA, NJ, DE, OH, VT, CT, RI and AZ. Loans are subject to approval.

Annual Percentage Rate (APR) of 4.75% is based on the Prime Rate as published in the Wall Street Journal + Margin of .50% for Combined Loan-to-Value (CLTV) up to 80%. Rate is a variable rate: as the prime rate changes, the APR on your account will also change. APR is subject to change without notice. The maximum APR that can apply is 18.00% and the minimum APR is 3.00%. Credit is subject to approval. The minimum line of credit is $10,000, and the maximum line of credit is $250,000.

Certain restrictions apply. Loans are subject to approval.

Home Equity Loan

This loan features a low fixed rate, fixed monthly payments and no closing costs.* This loan is ideal for large, one-time expenses. Your interest payments may be tax-deductible. Consult your tax advisor for more information.

Click here to apply online.

*GEICO FCU will pay your closing costs if the borrower(s) meets certain conditions. To qualify, the initial advance must be $10,000 or more and remain open for 24 months. If the balance is zero within 24 months of the open date, the closing costs must be reimbursed by the borrower(s) and may be added to your outstanding balance. Closing costs do not include application fee, flood certificate, and home value or appraisal fee. Recording fees and mortgage taxes paid by the borrower at closing. Certain restrictions apply. GEICO FCU processes Home Equity Loans in MD, DC, VA, WV, NY, CA, FL, GA, PA, NJ, DE, OH, VT, CT, RI and AZ.

For a Fixed-Rate Closed End Second Mortgage Loan with a 3.740% Annual Percentage Rate (APR) and a loan term of 5 years, the monthly payment is $182.99 based on a loan amount of $10,000. The APR is subject to change without notice.

Certain restrictions apply. Loans are subject to approval.

NMLS Registry Information for GEICO Federal Credit Union Mortgage Loan Originators


GEICO FCU
NMLS #410652
Arlene Christie
NMLS #1230158
Elaine Scott
NMLS #1281461
Amber Sparks
NMLS #1524389
Veronica West
NMLS #1125403
Amy Montgomery
NMLS #518255
James Lee
NMLS #792428