Home Equity

It’s a good day to…

Fix your roof, take a trip, renovate, add a pool, pay down debt, retrofit, or use your imagination...

…and you can do all of those things and more with a Home Equity Line of Credit (aka HELOC). If you have equity in your home, a HELOC is your home’s way of paying you back. You can borrow money from the equity of your home to get spending money at Better rates than those offered on credit cards, personal loans, or nearly any other kind of credit. If you haven’t noticed already, we’re all about doing things Better.

And right now, you can get a rate that’s almost impossible to beat. It’s our introductory rate of 1.99% APR* that’s good for the first six months.

New member? You can get 1.99% APR* for six months.
Existing member? You can get 1.99% APR* for six months.
Existing member who already has a HELOC? Yes, you too, you can get 1.99% APR* on your existing line for six months starting with your next draw or purchase.*

Home Equity Line of Credit

Introductory APR1 as low as

1.990%

Apply Now

* APR = Annual Percentage Rate. The 1.99% APR is an introductory discounted rate for a period of six billing cycles, after which the APR will increase to the current fully indexed rate of Prime Rate (the Index) plus your Margin and is subject to change quarterly thereafter. Rate and payments are based on the current margin and index rate. Index is WSJ prime rate. ** Draw or purchase must occur within promotional period to qualify for promotional rate. Promotional rate will apply to new purchases only. Subsequent payments will be applied to the lowest-interest balances first. Offer ends 6/30/2023.

Table data for Gain Advantage Home Equity Line of Credit - Variable Rate - Owner Occupied
 05-30-2023
Loan to Value (LTV) Margin APR As Low As1 Maximum APR Amount Financed2 Lender Closing Costs3 Non-Introductory Rate Alert Me
80% or less 0.000% to 3.500% 1.990%4 18.000% Up to $150,000 $0 8.000% Receive a notification when this rate changes
80% or less 0.250% to 3.750% 1.990%4 18.000% $150,001 - $250,000 $0 8.250% Receive a notification when this rate changes
The Gain Advantage Home Equity Line of Credit is an adjustable rate loan subject to change. Loan rates are based on term and applicant credit history. All loans are subject to credit approval and are subject to Gain Federal Credit Union policies and procedures. Rates are subject to change without prior notice.
Rates and payments are based on the current margin and index rate. Index is WSJ prime rate. Rate subject to change quarterly.
Rate Caps - Floor rate of 3%, Maximum rate of 18.000% and no annual adjustment cap.
Payment Example: Loan for $150,000 based on a 70% Loan To Value (LTV) with a margin of 0.250% and an index of 8.000% equals an interest rate of 8.250% with a payment of $1,455.21 per month.
The current non-introductory rate of 8.000% APR, which is accurate as of 05-30-2023 and is subject to change, is our best rate based on creditworthiness, credit score, and maximum combined loan-to-value (CLTV) of 80% and maximum loan amount of $150,000.
Term - All Home Equity Lines of Credit are based on a 15-year term with principal and interest payments.
Draw Period - 10 year draw period. After draw period ends, the repayment period begins (up to 15 years)
Single Family Residence, 1-4 units and condominiums (member primary residence)
California, Arizona and Nevada Only
Not all applicants will qualify.
No prepayment penalty.
Gain Federal Credit Union NMLS #407810
  • 1APR = Annual Percentage Rate
  • 2The minimum credit limit is $10,000 and the maximum is $250,000. Restrictions apply. See Credit Union for full details.
  • 3Lender closing costs: Gain Federal Credit Union pays for flood certification, standard recording fees, title and appraisal. Member is required to pay for Sub-escrow of $160 (if required), and California’s document recording surcharge fee of $150 to $225.
  • 4The 1.990% APR is an introductory discounted rate for a period of six billing cycles, after which the APR will increase to the current fully indexed rate of Prime Rate (the Index) plus your Margin and is subject to change quarterly thereafter. Rate and payments are based on the current margin and index rate. Index is WSJ prime rate plus margin.

Table data for Gain Advantage Home Equity Line of Credit - Variable Rate - Non-Owner Occupied
 05-30-2023
Loan to Value (LTV) Margin APR As Low As1 Maximum APR Amount Financed2 Lender Closing Costs3 Non-Introductory Rate Alert Me
80% or less 0.500% to 1.250% 1.990%4 18.000% Up to $100,000 $0 8.000% Receive a notification when this rate changes
The Gain Advantage Home Equity Line of Credit is an adjustable rate loan subject to change. Loan rates are based on term and applicant credit history. All loans are subject to credit approval and are subject to Gain Federal Credit Union policies and procedures. Rates are subject to change without prior notice.
Rates and payments are based on the current margin and index rate. Index is WSJ prime rate. Rate subject to change quarterly.
Rate Caps - Floor rate of 3%, Maximum rate of 18.000% and no annual adjustment cap.
Payment Example: Loan for $100,000 based on a 70% Loan To Value (LTV) with a margin of .500% and an index of 8.000% equals an interest rate of 8.500% with a payment of $984.74 per month.
The current non-introductory rate of 8.000% APR, which is accurate as of 05-30-2023, and is subject to change, is our best rate based on creditworthiness, credit score, and maximum combined loan-to-value (CLTV) of 80% and maximum loan amount of $100,000.
Term - All Home Equity Lines of Credit are based on a 15-year term with principal and interest payments.
Draw Period – 10 years draw period. After draw period ends, the repayment period begins (up to 15 years).
Single Family Residence Only
California, Arizona and Nevada Only
Not all applicants will qualify
No prepayment penalty
Gain Federal Credit Union NMLS #407810
  • 1APR = Annual Percentage Rate
  • 2The minimum credit limit is $10,000 and the maximum is $100,000. Restrictions apply. See Credit Union for full details.
  • 3Lender closing costs: Gain Federal Credit Union pays for flood certification, standard recording fees, title and appraisal. Member is required to pay for Sub-escrow of $160 (if required), and California’s document recording surcharge fee of $150 to $225.
  • 4The 1.990% APR is an introductory discounted rate for a period of six billing cycles, after which the APR will increase to the current fully indexed rate of Prime Rate (the Index) plus your Margin and is subject to change quarterly thereafter. Rate and payments are based on the current margin and index rate. Index is WSJ prime rate plus margin.

Express Home Equity Loan

You'll love the low, fixed-rates that let you to tap into the equity of your home, giving you access to funds so you can:

  • Update your kitchen and bathrooms
  • Consolidate high interest debt
  • Buy an RV and build the garage to house it in 

Money saving benefits

  • Borrow up to $250,000 with a Loan To Value (LTV) of 80% or less on owner occupied properties2
  • Borrow up to $150,000 with a LTV of 80% or less on owner occupied properties2
  • Zero points
  • No lender closing costs3
  • Arizona, California and Nevada only

Get a tax break
Another great benefit of a home equity loan is the possible tax benefits. Be sure to ask your tax advisor how this loan may affect your taxes.

Express Home Equity

APR1 as low as

5.500%

Apply Now

Table data for Express Home Equity Loan - Fixed Rate - Owner Occupied
 Effective 04/01/2023
Term APR As Low As1 Amount2 Lender Closing Costs3 Alert Me
60 months 5.500% Up to $150,000 $0 Receive a notification when this rate changes
Loan rates are based on term and applicant credit history. All loans are subject to credit approval and are subject to Gain Federal Credit Union policies and procedures. Rates are subject to change without prior notice. Maximum rate 16.00%
Single Family Residence Only
California, Arizona, and Nevada Only
Payments on a home equity loan at 5.500% APR for 60 months are $19.10 per $1,000 borrowed. Representative example assumes a loan amount of $150,000.
Not all applicants will qualify. No prepayment penalty.
  • 1APR = Annual Percentage Rate
  • 280% LTV or less, for loan amounts up to $150,000. Rates on loan amounts up to $250,000 may vary. Restrictions apply. See Credit Union for full details.
  • 3Lender closing costs: Gain Federal Credit Union pays for flood certification, standard recording fees, title and appraisal. Member is required to pay for Sub-escrow of $160 (if required), and California’s document recording surcharge fee of $150 to $225.

If you are refinancing your first mortgage with another lender and would like to keep your current equity loan with Gain, then you will need the new lender to request a subordination. You can find instructions for requesting a subordination on our Forms page.