Obtain a loan today and see how the equity in your home can be a powerful resource to assist money your dreams.
Overview
Achieve your objectives and start living the life you want. A home equity loan is a safe and dependable method to fund your goals while assisting you take control of your financial future.
Rates1
Fixed
Highlights
No closing costs2
Most mortgage require costly closing costs. Keep your hard-earned money without any closing costs on particular RCU home equity loans.
Up to 85% combined loan to value
For main house loans, you can qualify to obtain as much as 85% of your home's value (consisting of very first mortgage balance), and 80% for 2nd home or financial investment residential or commercial properties.
You can get loans approximately $500,000 for primary homes to help you get more funding toward your objectives. Amount differs for second homes or financial investment residential or commercial properties.
And more ...
View all highlights
What could you do with your homes' equity?
Home improvements
When you're brief on funds, do not wait until your house requires serious repair work or remodelling. A home equity loan can help you finance the repair work and enhancements you need.
Debt debt consolidation
Using a home equity loan with a lower interest rate to consolidate your current debt may help you settle what you owe much easier.
Wedding
One way to make your dream wedding event a reality is by utilizing the equity in your home to fund the costs. You deserve to prepare the ideal event with your life time partner.
Education
Did you understand that a home equity loan can be used to finance your college education? It's an outstanding way of borrowing money to assist you acquire a degree that will benefit your future career.
Investment residential or commercial property
The equity in your home can help you manage another residential or commercial property for investment.
Something else
A home equity loan can be used for a a variety of functions, so seek advice from among our experts today to get more information.
How to get a home equity loan
Home equity loans can be utilized to spend for a range of expenditures, and you can facilitate regular monthly payments using online or mobile banking.
- 1 Apply online
Complete an application to start the loan process.
- 2 Deal with us
Partner with among our mortgage loaning experts.
- 3 Use your home equity loan
Get approved and use the loan funds.
Why Choose RCU?
At RCU, we're enthusiastic about helping our Members enhance their lives. If you want a cooperative credit union that keeps your unique requirements in mind and helps you envision and handle your financial future, the friendly experts at RCU are here for you.
Named one of America's Best Cooperative credit union by Newsweek
Recognized by Forbes as one of America's Best Small Employers 2023
Play Video: Raina shares how RCU streamlined the procedure of getting a mortgage loan.
Raina shares how RCU simplified the procedure of getting a mortgage loan.
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Top Questions
Have a question?
If you have questions about any part of the home purchasing procedure, our mortgage experts are here to help. Schedule a visit or offer us a call at 1 (800) 609-9009.
With the right loan quantity you can attain more of what is essential to you
Apply for a loan today so you can see how leveraging your home's equity can be the key to opening opportunities that will make your dreams come to life!
- Disclosures 1Rates work August 20, 2025. Rate is based upon a fixed-rate home equity loan with a 740 credit report. Certain constraints might use. Rate subject to routine adjustments after closing. Estimated payment amount for $20,000 loan at 7.488% APR, with thirty years term and 70% CLTV is $400.66 (does not include taxes or insurance, actual payment quantity may be higher). CA residential or commercial properties just.
2A No Closing Cost alternative is readily available for loans as much as $200,000. Must have a CLTV of 80% or less, an Automated Valuation Model (AVM) must be readily available, and a restricted title policy need to be obtained. A $750 early closure charge uses if the loan is closed within 36 months of the date of the security instrument. Any loan higher than $200,000 needs a complete title policy at expense to the borrower in addition to all other loan charges and any loan greater than $400,000 needs a complete appraisal at cost to the borrower in addition to all other loan costs. Payment examples provided do not include taxes or insurance, real quantities might be higher.
3Please consult your tax consultant concerning tax deductibility and tax implications.
All Highlights
No closing cost option2
On loans up to $200,000, take pleasure in a no closing expense choice to assist you conserve cash.
Approximately 85% integrated loan-to-value
For primary home loans, you can certify for a loan that deserves approximately 85% of the home's value, helping you to more funds.
Low minimum loan requirement
Take a loan of as little as $5,000, so you do not require to obtain more than you require.
Larger primary residence loans
You can get loans as much as $500,000 for main houses in order to assist you have more financing for your goals.
Loan might be tax deductible3
Depending upon the loan terms, Members may be able to subtract a home equity loan on their taxes.
Fixed monthly payments
Unlike a home equity line of credit (HELOC), your loan payments will not change monthly, making budgeting and settling your loan easier.
Receive funds in a lump sum
Receive the funds you need all at one time.
Flexible terms
Flexibility to pick a term of 5, 10, or 15 years to permit you to select the best term possible for your goals.
Second and investment residential or commercial property loans
You might be eligible for loans up to $300,000 on 2nd home or financial investment residential or commercial properties, to get even more moneying for your needs.
Rates
Home Equity Rates
Contact Us
Schedule an appointment
Consult with a mortgage expert to choose what's right for your requirements.
Contact our mortgage group
Complete our contact kind and we will be in touch soon.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which altered the deferment duration from 6 months post covered duration to 10 months post covered duration. For instance, if your covered duration ended June 30, 2021, under the new standards the earliest your very first loan payment would not be due up until April 2022, and you have until then to demand forgiveness. Please use the following computation to help you determine when your forgiveness will be due:
- PPP debtors might select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is instantly calculating your loan due date based on a 24-week covered duration, if you mean on utilizing a shorter covered duration please inform us right away as this will affect your due date.
- Your right deadline will be shown in your electronic banking account.
If all or part of your PPP loan is not forgiven, your very first loan payment will be due the first of the following month after a decision is made by the SBA.
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