EL PASO, Texas–GECU, which has a presence in Texas and New Mexico, is now offering mortgage interest rates as low as 5.99% with 6.338% APR for 30 years.
The rates are available through Oct. 31 and are being offered at a time when rates have begun to climb again. GECU said the objective is to boost homeownership.
To qualify, eligible borrowers must be purchasing or refinancing an owner-occupied primary residence located in Texas or New Mexico. All loans are subject to credit approval and standard underwriting requirements. Qualified applicants may also be eligible to receive up to $4,500 toward closing costs, the credit unions said. The loan must close within 12 months of the application date.
“Expanding access to homeownership has always been central to our mission at GECU,” SVP-Mortgage Lettie Ramos said in a statement. “This rate is a direct reflection of that commitment and another step toward helping even more members across our communities turn the goal of owning a home into a reality.”
