GECU Expands Homeownership Access with New, Lower Home Loan Rates

Credit union offers rate through October 31, 2026

EL PASO, Texas — July 22, 2026 — GECU, one of the largest locally owned federal credit unions in Texas and New Mexico, is offering mortgage interest rates as low as 5.99% with 6.338% APR* for 30 years, available through October 31, 2026, to help members achieve 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**. To be eligible for this closing cost promotion, applications must be submitted by October 31, 2026, and the loan must close within 12 months of the application date.  

"Expanding access to homeownership has always been central to our mission at GECU," said Lettie Ramos, Senior Vice President of Mortgage at GECU. "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." 

To learn more about GECU’s current rate promotions, home loans, and down payment assistance programs, visit: https://www.gecu.com/loans-and-credit/home-loans.  

About GECU 

GECU was founded in 1932, manages $4.7 billion in assets and serves more than 446,000 members nationwide. GECU offers a full range of financial services, including online banking, checking and saving accounts, mortgages, auto loans, personal loans, credit cards and free financial coaching. Their mission is to provide members with convenient, superior financial products and services that pave the way to financial freedom. Federally insured by NCUA. Equal Housing Lender. For more information, visit www.gecu.com. 

Membership eligibility is required. 

*All loans are subject to credit qualification and approval. The property must be located in Texas or New Mexico. Eligible only for purchase or refinance of owner-occupied primary residences. A 30-year fixed-rate loan of $250,000 with interest at 5.99% and 6.338% APR will have a monthly payment of $1,497.27. Taxes and insurance are not included; therefore, the actual payment obligation will be greater. Certain fees and conditions apply. Advertised rate assumes the purchase of a primary residence with a 720 FICO score, a down payment of 5% and up to the conforming loan amount limit. Equal housing lender. 

**Offer does not apply to FHA loans, VA loans, or loans originated through the Texas State Affordable Housing Corporation. The offer of up to $4,500 covers the following fees: origination, underwriting, processing and document-preparation fees. Applicants must apply by October 31, 2026, and must close on their loan within 12 months from the date of application on existing 1–4-family dwellings or on new construction of single-family homes.