Make an application for a loan today and see how the equity in your home can be an effective resource to help money your dreams.
Overview
Achieve your objectives and begin living the life you desire. A home equity loan is a safe and reputable method to fund your goals while assisting you take control of your monetary future.
Rates1
Fixed
Highlights
No closing costs2
Most mortgage require pricey closing costs. Keep your hard-earned money without any closing expenses on certain RCU home equity loans.
Up to 85% combined loan to value
For main residence loans, you can certify to obtain up to 85% of your home's worth (consisting of very first mortgage balance), and 80% for second home or investment residential or commercial properties.
You can receive loans approximately $500,000 for primary homes to help you get more financing towards your objectives. Amount differs for second homes or 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 home needs serious repair work or renovation. A home equity loan can assist you fund the repair work and enhancements you require.
Debt debt consolidation
Using a home equity loan with a lower rates of interest to consolidate your present debt may assist you settle what you owe much easier.
Wedding
One method to make your dream wedding event a truth is by utilizing the equity in your home to finance the costs. You should have to prepare the ideal celebration with your lifetime partner.
Education
Did you understand that a home equity loan can be utilized to fund your college education? It's an excellent method of borrowing cash to help you obtain 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 talk to among our specialists today to learn more.
How to get a home equity loan
Home equity loans can be utilized to pay for a range of costs, and you can facilitate regular monthly payments using online or mobile banking.
- 1 Apply online
Complete an application to start the loan procedure.
- 2 Work with us
Partner with among our mortgage lending professionals.
- 3 Use your home equity loan
Get approved and utilize the loan funds.
Why Choose RCU?
At RCU, we're enthusiastic about assisting our Members improve their lives. If you desire a credit union that keeps your distinct needs in mind and assists you envision and handle your monetary future, the friendly professionals at RCU are here for you.
Named among 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 concern?
If you have questions about any part of the home purchasing procedure, our mortgage experts are here to assist. Schedule a consultation or offer us a call at 1 (800) 609-9009.
With the right loan amount you can achieve more of what is necessary to you
Request a loan today so you can see how leveraging your home's equity can be the secret to unlocking opportunities that will make your dreams come true!
- Disclosures 1Rates work August 20, 2025. Rate is based on a fixed-rate home equity loan with a 740 credit report. Certain restrictions may use. Rate subject to regular adjustments after closing. Estimated payment quantity 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 amount may be greater). CA residential or commercial properties just.
2A No Closing Cost choice is available for loans as much as $200,000. Must have a CLTV of 80% or less, an Automated Valuation Model (AVM) should be offered, and a limited title policy need to be acquired. 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 requires a full title policy at expense to the borrower in addition to all other loan costs and any loan greater than $400,000 requires a complete appraisal at expense to the borrower in addition to all other loan fees. Payment examples offered do not include taxes or insurance coverage, real quantities may be higher.
3Please consult your tax consultant relating to tax deductibility and tax implications.
All Highlights
No closing cost option2
On loans as much as $200,000, take pleasure in a no closing cost option to help you save cash.
Approximately 85% integrated loan-to-value
For primary residence loans, you can receive a loan that is worth up to 85% of the home's worth, helping you access more funds.
Low minimum loan requirement
Take a loan of as low as $5,000, so you do not require to borrow more than you need.
Larger primary home loans
You can get loans approximately $500,000 for main houses in order to assist you have more financing for your goals.
Loan might be tax deductible3
Depending on the loan terms, Members might be able to deduct a home equity loan on their taxes.
Fixed month-to-month payments
Unlike a home equity line of credit (HELOC), your loan payments will not alter each month, making budgeting and settling your loan simpler.
Receive funds in a swelling amount
Receive the funds you need all at one time.
Flexible terms
Flexibility to select a regard to 5, 10, or 15 years to permit you to pick the best term possible for your objectives.
Second and investment residential or commercial property loans
You may be qualified for loans up to $300,000 on second home or financial investment residential or commercial properties, to get even more moneying for your requirements.
Rates
Home Equity Rates
Contact Us
Schedule a consultation
Meet a mortgage specialist to select what's right for your requirements.
Contact our mortgage group
Fill out our contact kind and we will be in touch quickly.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment duration from 6 months post covered period to 10 months post covered duration. For instance, if your covered duration ended June 30, 2021, under the brand-new the earliest your very first loan payment would not be due up until April 2022, and you have up until then to request forgiveness. Please utilize the following calculation to help you identify when your forgiveness will be due:
- PPP customers might select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered duration, if you intend on using a shorter covered duration please inform us immediately as this will impact your due date.
- Your proper due date will be reflected in your online 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 choice is made by the SBA.
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