Gesa Credit Union - PDF document

1 Gesa Credit Union Phone - UNDERWRITING:
Gesa Credit Union Phone - UNDERWRITING: 509.316.4654 Monday - Friday 9am - 6pm Toll Free: 888.946.4372 Ext 1262 Saturday 9am - 5pm Phone - FUNDING: 509.316.4651 Toll Free: 888.946.4372 Ext 1260 Physical Address: 51 Gage Blvd Phone - PAYOFF: 509.378.3100 Mailing Address: PO Box 500 Fax: 509.946.4527 Richland, WA 99352 Email: gesa2go@gesa.com UBI #: 601790657 Equifax Minimum Term 2017+ 2016-2008 2007 Tier Credit Score Loan Amount (Months) Rate Rate Advance* Reserve* or Older Advance* Reserve A++$20,000+4.49%4.49%n/an/an/a No Minimum7.24%7.24%10.74%No Minimum6.74%6.74%10.24%620-649$15,000+11.24%11.24%*95%n/an/an/aNo Minimum10.99%10.99%*95%n/an/an/aNo Minimum10.49%10.49%*95%13.99% D 560-619 $15,000+ 72 12.99% 12.99% *90% 2% n/a n/a n/a No Minimum 60 12.74% 12.74% *90% 2% n/a n/a n/a No Minimum 48 12.24% 12.24% *90% 2% 15.74% 85% 2% E 559 $15,000+ 72 16.99% 16.99% 90% 2% n/a n/a n/a No Minimum16.74%16.74%n/an/an/a No Minimum 48 16.24% 16.24% 90% 2% 17.74% 80% 2% *C tier over 95% LTV and D tier over 90% qualify ● Counter-offers include front-end products,TTL and fees Minimum FICO of 560 to qualify based on score pulled by Gesa ● Qualifies for standard reserve payout ● Front-end LTV's up to 115% of retail (Front-end includes TTL and fees) Back-end is limited to refundable only products up to $5,000 \r·��K
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 Vehicles will be considered new most recent available model year or previous ● No additional discounts apply, buy back rates will stand model year through August 31st, has never been titled with 5,000 miles or less Ineligible for Financing: Vehicles titled outside of Washington State, POA applications, salvage vehicles, branded titles, lemon law buy-backs, straw purchases, vehicles titled in a business name only, commercial use or commercial vehicles, greater than one ton, any vehicle over 125,000 miles, refinance auto transactions, previous Gesa loss and expelled Credit Bureaus: We will accept dealerships 5.0 or 9.0 Equifax (auto enhanced included) General Guidelines: all loans, naming Gesa Credit Union as loss payee with deductible not to exceed $1,000. - Approvals valid for 30 days. - No Safescan or OFAC warnings on bureau. - All guidelines subject to underwriters discretion. Dealership responsible for all trade in payoffs, including Gesa Credit Union. - All funding documentation must show Gesa Credit Union as lien holder/loss payee. - Fax funding or SmartFund is preferred, originals are not required. ● MAP (Member Advantage Program): Also refer to MAP guideline sheet EFFECTIVE April 1st, 2020 DEALER LOAN RATES New & Used Automobiles STANDARD GESA PROGRAM (650+ & 559 & below) ● *Maximum Advance: Beacon based on Equifax. (New) Up to a percentage of MSRP. (Used) Up to a percentage of Kelley Retail or NADA Retail plus tax, title, license, doc fee and all back-end refundable products. Reserve Information: Gesa Credit Union pays reserve out on a percentage basis and is based on the total amount financed. All reserve payouts are subject to a maximum $1,500 per Membership: - All approvals subject to Gesa membership requirements for indirect lending. - Membership is open to anyone who lives, works, worships, goes to school in, or is related to someone who qualifies as a member in Washington State. - New membership requires $5.00 minimum fee with completed Gesa Credit Union Application for Membership. - Dealer authorizes Gesa to withhold $5.00 from funding proceeds for membership when needed. ● Front-end LTV Discount of .25% for LTV's at 90% collateral must be 2008 and newer, excludes MAP approvals D and E tiers no additional discounts are available for either. ● Vehicles will be considered new through December 31st of the year following their model year. A new vehicle is one which has not been licensed for more than thirty days. Back-end requirements: Back-end is limited to refundable (Counter-offer) Call Backs are front-end calls and do not include tax, title, license, doc fee, and back-end refundable products. MAP counter-offers include front-end products, TTL, and fees. Automatic Payments: No further rate reduction is available for automatic payments.