GCU Property Loans

GCU provide members with a comprehensive range of property loans, as detailed below.

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Variable Rate Loans

•           Residential Owner Occupied Property

•           Residential Investment Property

•           Vacant Land

•           Construction Loans

•           Loan Size: $30,000 - $750,000

•           Loan Term: 5 - 30 years

•           Redraw Facility

•           No penalty for lump sum payments made during the term

•           Can convert from Variable Rate to Fixed Rate at any time

 Fixed Rate Loans

•           Residential Owner Occupied Property

•           Residential Investment Property

•           Vacant Land

•           Construction Loan

•           Loan Size: $30,000 - $750,000

•           Loan Term: 1 - 5 years 

•           Automatically reverts to Variable rate after the Fixed Term expires

 Split Loans

•          Residential Owner Occupied Property or Residential Investment  Property

•         Vacant Land

•         Construction Loan ( on variable portion only)

•          Loan Size: $30,000 - $750,000

•          Loan Term: 5 – 30 years 

•          Flexibility of a Variable Rate and the stability of a Fixed Rate loan

•          Can transfer to Variable Rate after initial Fixed Rate period

  Interest Only Loans – Variable

•        Residential Owner Occupied Property or Residential Investment Property

•       Loan Size: $30,000 - $600,000

•       Loan Term: 5 – 30 years 

•       Interest Only portion for a maximum 5 years then reverts to Principal & Interest loan

•      Can transfer to standard Principal  & Interest loan during the Interest Only period.

•       Automatically reverts to a Principal & Interest Loan at the end of the Interest Only period.

 Interest Only Loans – Fixed

•         Residential Owner Occupied Property or Residential Investment Property

•         Loan Size: $30,000 - $600,000

•         Loan Term: 5 – 30 years 

•         Interest Only portion for a maximum 5 years then reverts to Principal & Interest loan

•         Automatically reverts to a Principal & Interest Loan at the end of the Interest Only period.

 Line of Credit Loans (Variable Rate Only)

•         Residential Owner Occupied Property or Residential Investment Property

•         Loan Size: $30,000 - $600,000

•         Loan Term: 5 – 25 years 

•         Revolving period maximum term of 10 years and then must revert to a P & I loan.

 Acceptable Loan Purpose

•          Purchase Owner Occupied residential or Investment property

•          Refinance existing loan

•          Debt Consolidation

•          Construction loan ( except Rural property)

•          Purchase Vacant land (except Rural property)

•          House and Land package