Get a loan today and see how the equity in your home can be a powerful resource to assist fund your dreams.
Overview
Achieve your objectives and start living the life you desire. A home equity loan is a safe and trustworthy way to fund your objectives while helping you take control of your monetary future.
Rates1
Fixed
Highlights
No closing costs2
Most mortgage need pricey closing expenses. Keep your hard-earned cash with no closing costs on particular RCU home equity loans.
Approximately 85% combined loan to value
For main home loans, you can certify to borrow as much as 85% of your home's worth (consisting of first mortgage balance), and 80% for second home or investment residential or commercial properties.
You can get loans approximately $500,000 for main homes to assist you get more financing towards your goals. Amount varies for 2nd homes or investment residential or commercial properties.
And more ...
View all highlights
What could you do with your homes' equity?
Home enhancements
When you're brief on funds, do not wait till your home requires serious repair or restoration. A home equity loan can help you fund the repair work and enhancements you require.
Debt combination
Using a home equity loan with a lower rates of interest to combine 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 using the equity in your house to finance the costs. You deserve to plan the perfect event with your lifetime partner.
Education
Did you know that a home equity loan can be used to finance your college education? It's an exceptional method of borrowing cash to help you acquire a degree that will benefit your future profession.
Investment residential or commercial property
The equity in your house can assist you afford another residential or commercial property for financial investment.
Something else
A home equity loan can be utilized for a a variety of purposes, so talk to one of our specialists today for more information.
How to get a home equity loan
Home equity loans can be used 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 financing experts.
- 3 Use your home equity loan
Get authorized and use the loan funds.
Why Choose RCU?
At RCU, we're enthusiastic about assisting our Members enhance their lives. If you want a cooperative credit union that keeps your special needs in mind and helps you visualize and handle your monetary future, the friendly specialists 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 process of getting a mortgage loan.
Raina shares how RCU simplified the process of getting a mortgage loan.
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Top Questions
Have a question?
If you have concerns about any part of the home buying process, our mortgage specialists are here to assist. Schedule a or offer us a call at 1 (800) 609-9009.
With the best loan quantity you can attain more of what is very important to you
Make an application for a loan today so you can see how leveraging your home's equity can be the secret to unlocking chances that will make your dreams come true!
- Disclosures 1Rates are reliable August 20, 2025. Rate is based on a fixed-rate home equity loan with a 740 credit history. Certain limitations may apply. 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 coverage, real payment amount might be greater). CA residential or commercial properties only.
2A No Closing Cost alternative is available for loans as much as $200,000. Must have a CLTV of 80% or less, an Automated Valuation Model (AVM) must be offered, and a minimal title policy should be obtained. A $750 early closure cost applies 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 cost to the customer in addition to all other loan costs and any loan higher than $400,000 requires a full appraisal at expense to the debtor in addition to all other loan fees. Payment examples supplied do not consist of taxes or insurance coverage, real quantities might be higher.
3Please consult your tax consultant relating to tax deductibility and tax ramifications.
All Highlights
No closing expense option2
On loans approximately $200,000, take pleasure in a no closing expense alternative to help you conserve cash.
As much as 85% integrated loan-to-value
For main residence loans, you can qualify for a loan that deserves approximately 85% of the home's worth, assisting you access more funds.
Low minimum loan requirement
Take a loan of as little as $5,000, so you do not require to borrow more than you require.
Larger main residence loans
You can receive loans approximately $500,000 for main homes in order to assist you have more funding for your goals.
Loan might be tax deductible3
Depending upon the loan terms, Members might have the ability to deduct a home equity loan on their taxes.
Fixed month-to-month 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 amount
Receive the funds you need all at one time.
Flexible terms
Flexibility to choose a regard to 5, 10, or 15 years to allow you to choose the finest term possible for your goals.
Second and financial investment residential or commercial property loans
You may be qualified for loans as much as $300,000 on 2nd home or financial investment residential or commercial properties, to get back at more funding for your needs.
Rates
Home Equity Rates
Contact Us
Schedule an appointment
Meet a mortgage professional to select what's right for your requirements.
Contact our mortgage group
Submit our contact form 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 period to 10 months post covered duration. For example, if your covered period ended June 30, 2021, under the brand-new standards the earliest your very first loan payment wouldn't be due until April 2022, and you have until then to request forgiveness. Please use the following computation to help you identify when your forgiveness will be due:
- PPP customers may choose a covered duration anywhere from 8 weeks to 24 weeks.
- RCU is instantly calculating your loan due date based upon a 24-week covered duration, if you plan on utilizing a shorter covered period please notify us right away as this will impact your due date.
- Your appropriate due date will be shown 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 very first of the following month after a choice is made by the SBA.
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