Licensing & Disclosures

Idaho Disclosures

• Gesa Credit Union is licensed as a mortgage lender in the State of Idaho
• Idaho residents may file complaints with the Idaho Department of Finance
• Contact: 800 Park Blvd, Suite 200, Boise, ID 83712 · Phone: (208) 332-8000

Washington Disclosures

• Gesa Credit Union is licensed as a consumer loan company and mortgage broker/lender in Washington State
• Washington State License #CL-410395
• Consumers with complaints may contact DFI toll-free at 1-877-746-4334
• DFI Address: P.O. Box 41200, Olympia, WA 98504-1200

Oregon Disclosures

• Gesa Credit Union is licensed as a mortgage lender in Oregon
• Oregon Mortgage Lender License #ML-5645
• Complaints may be filed with the Oregon Division of Financial Regulation
• DFR Address: 350 Winter St NE, Suite 410, Salem, OR 97301 · Phone: (503) 378-4140

Equal Credit Opportunity Act (ECOA) - Regulation B

The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance is the Consumer Financial Protection Bureau (CFPB).

Fair Housing Act

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.

RESPA (Real Estate Settlement Procedures Act) - Regulation X

RESPA requires lenders to provide borrowers with pertinent and timely disclosures regarding the nature and costs of real estate settlement processes. We comply with all RESPA requirements including providing Loan Estimates within 3 business days of application and Closing Disclosures at least 3 business days before closing.

Truth in Lending Act (TILA) - Regulation Z

We comply with the Truth in Lending Act (Regulation Z), which requires clear disclosure of key terms of lending arrangements and all costs associated with your mortgage loan, including the Annual Percentage Rate (APR), finance charges, amount financed, and total of payments. All advertised rates are subject to change and are based on specific underwriting assumptions. Your actual rate, APR, and costs may differ.

Home Mortgage Disclosure Act (HMDA) - Regulation C

In compliance with the Home Mortgage Disclosure Act, we collect and report data about our mortgage lending activities to help ensure that financial institutions are serving the housing needs of their communities.

Gramm-Leach-Bliley Act (GLBA) - Privacy

We comply with the Gramm-Leach-Bliley Act requirements regarding the collection, disclosure, and protection of nonpublic personal information. See our Privacy Policy for details.

Conventional Loans (Fannie Mae & Freddie Mac)

Conventional loans conform to guidelines established by Fannie Mae and Freddie Mac. Loan limits, down payment requirements, credit score minimums, and other terms are subject to GSE guidelines and may change. Private Mortgage Insurance (PMI) may be required for loans with less than 20% down payment.

FHA Loans

FHA loans are insured by the Federal Housing Administration. Mortgage Insurance Premium (MIP) is required for all FHA loans. Loan limits vary by county. Property must meet FHA minimum property standards. Not all borrowers will qualify.

VA Loans

VA loans are guaranteed by the U.S. Department of Veterans Affairs and are available to eligible veterans, active-duty service members, and surviving spouses. A VA funding fee may apply unless exempt. Certificate of Eligibility (COE) required. Property must meet VA Minimum Property Requirements.

USDA Loans

USDA loans are guaranteed by the U.S. Department of Agriculture. Property must be located in an eligible rural area. Income limits apply based on household size and county. Guarantee fee required.

Jumbo Loans

Jumbo loans exceed conforming loan limits set by the Federal Housing Finance Agency (FHFA). Limits are updated annually. Jumbo loans may have different qualification requirements including higher credit scores, larger down payments, and additional reserves.