Home Equity Loans

Use the equity in your home to finance big expenses or home improvement projects.

Using the equity in your home is a great way to pay for renovation projects, home improvements, consolidate debt, or pay for student loans. Finance with a Home Equity Line or Loan.

Apply for a Home Equity Line or Loan

Home Equity Line/Loan Comparison

Mortgage Type

Features

Home Equity Line of Credit

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FeaturesA Home Equity Line of Credit (HELOC) gives you the ability to secure a line of credit with the equity in your home.
Best used for home improvements, student loans, consolidating debt and more.

Home Equity Loan

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FeaturesA Home Equity Loan is a lump sum available at the closing of the loan which is best used for large purchases, major home improvement projects and more.

Did you know that it’s possible to use the equity in your home to finance renovation projects, home improvements, consolidate debt, and pay off student loans? Borrowers have two options to choose from.

A home equity loan in NH will provide you with a lump sum amount based on the house’s current value and remaining mortgage payments.

A home equity line of credit is an alternative option. The lender calculates the home’s equity, and you can draw money from the line of credit as needed.

Bank better with a home equity loan in NH at GFA Federal Credit Union. Our team will assist you with taking this next big step in your life.