Request a loan today and see how the equity in your home can be a powerful resource to assist fund your dreams.
Overview
Achieve your goals and start living the life you want. A home equity loan is a safe and reliable method to fund your goals while helping 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.
As much as 85% combined loan to worth
For main house loans, you can certify to borrow up to 85% of your home's worth (including very first mortgage balance), and 80% for second home or investment residential or commercial properties.
You can receive loans as much as $500,000 for primary residences to help you get more financing towards your goals. 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 short on funds, do not wait until your house needs severe repair or remodelling. A home equity loan can assist you finance the repair work and improvements you require.
Debt combination
Using a home equity loan with a lower rates of interest to combine your existing financial obligation might assist you pay off what you owe easier.
Wedding
One method to make your dream wedding a truth is by using the equity in your house to finance the costs. You deserve to plan the perfect celebration with your life time partner.
Education
Did you know that a home equity loan can be used to fund your college education? It's an outstanding way of obtaining cash to assist you acquire a degree that will benefit your future profession.
Investment residential or commercial property
The equity in your home can assist you afford another residential or commercial property for financial investment.
Something else
A home equity loan can be utilized for a a range of functions, so seek advice from among our specialists today to find out more.
How to get a home equity loan
Home equity loans can be used to pay for a range of expenses, and you can facilitate monthly payments using online or mobile banking.
- 1 Apply online
Complete an application to begin the loan procedure.
- 2 Work with us
Partner with among our mortgage financing specialists.
- 3 Use your home equity loan
Get authorized and utilize the loan funds.
Why Choose RCU?
At RCU, we're enthusiastic about assisting our Members improve their lives. If you desire a cooperative credit union that keeps your unique requirements in mind and helps you imagine and handle your monetary future, the at RCU are here for you.
Named among America's Best Credit Unions by Newsweek
Recognized by Forbes as one of America's Best Small Employers 2023
Play Video: Raina shares how RCU simplified the process 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 concerns about any part of the home purchasing process, our mortgage specialists are here to assist. Schedule an appointment or provide us a call at 1 (800) 609-9009.
With the ideal loan quantity you can attain more of what is essential to you
Get a loan today so you can see how leveraging your home's equity can be the secret to opening opportunities that will make your dreams become a reality!
- Disclosures 1Rates are effective August 20, 2025. Rate is based on a fixed-rate home equity loan with a 740 credit history. Certain restrictions might use. Rate topic to regular changes 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 consist of taxes or insurance coverage, actual payment quantity might be higher). CA residential or commercial properties only.
2A No Closing Cost alternative is readily available for loans approximately $200,000. Must have a CLTV of 80% or less, an Automated Valuation Model (AVM) must be readily available, and a restricted title policy should be gotten. A $750 early closure fee 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 fees and any loan higher than $400,000 needs a full appraisal at expense to the borrower in addition to all other loan fees. Payment examples provided do not consist of taxes or insurance, actual quantities might be higher.
3Please consult your tax consultant concerning tax deductibility and tax ramifications.
All Highlights
No closing cost option2
On loans up to $200,000, delight in a no closing cost choice to help you conserve cash.
Up to 85% combined loan-to-value
For primary home loans, you can receive a loan that deserves approximately 85% of the home's worth, helping you access more funds.
Low minimum loan requirement
Take a loan of as little as $5,000, so you don't need to borrow more than you need.
Larger main residence loans
You can get loans up to $500,000 for primary homes in order to assist you have more funding for your objectives.
Loan might be tax deductible3
Depending on the loan terms, Members may be able to subtract a home equity loan on their taxes.
Fixed regular monthly payments
Unlike a home equity credit line (HELOC), your loan payments won't change monthly, making budgeting and paying off your loan much easier.
Receive funds in a lump sum
Receive the funds you require all at one time.
Flexible terms
Flexibility to pick a regard to 5, 10, or 15 years to allow you to choose the very 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 second home or investment residential or commercial properties, to get even more moneying for your needs.
Rates
Home Equity Rates
Contact Us
Schedule an appointment
Meet with a mortgage professional to select what's right for your requirements.
Contact our mortgage team
Fill out our contact type and we will be in touch quickly.
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 first loan payment wouldn't be due till April 2022, and you have till then to demand forgiveness. Please utilize the following computation to help you recognize when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is immediately determining your loan due date based on a 24-week covered duration, if you plan on utilizing a shorter covered duration please notify us right away as this will impact your due date.
- Your correct due date will be shown in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a choice is made by the SBA.
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