You Strove For Your Home-now Let It Work For You
Apply 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 start living the life you desire. A home equity loan is a safe and reliable method to finance your objectives while assisting you take control of your monetary future.
Rates1
Fixed
Highlights
No closing costs2
Most mortgage need expensive closing costs. Keep your hard-earned money with no closing costs on particular RCU home equity loans.
As much as 85% combined loan to worth
For main home loans, you can qualify to obtain up to 85% of your home's value (consisting of very first mortgage balance), and 80% for second home or investment residential or commercial properties.
You can get loans up to $500,000 for primary houses to help you get more financing toward your goals. Amount varies for 2nd homes or financial investment residential or commercial properties.
And more ...
View all highlights
What could you make with your homes' equity?
Home enhancements
When you're short on funds, do not wait up until your house requires serious repair 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 rate of interest to consolidate your existing debt may help you settle what you owe simpler.
Wedding
One method to make your dream wedding event a reality is by utilizing the equity in your home to finance the expenses. You are worthy of to prepare the perfect event with your lifetime partner.
Education
Did you know that a home equity loan can be utilized to finance your college education? It's an exceptional method of obtaining money to help you acquire a degree that will benefit your future career.
Investment residential or commercial property
The equity in your house can assist you manage another residential or commercial property for financial investment.
Something else
A home equity loan can be used for a a range of purposes, so talk to one of our specialists today to read 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 begin the loan process.
- 2 Deal with us
Partner with among our mortgage financing experts.
- 3 Use your home equity loan
Get approved and utilize the loan funds.
Why Choose RCU?
At RCU, we're enthusiastic about helping our Members enhance their lives. If you want a credit union that keeps your unique needs in mind and helps you imagine and handle your financial future, the friendly experts 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 procedure of getting a mortgage loan.
Raina shares how RCU streamlined the process of getting a mortgage loan.
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Top Questions
Have a concern?
If you have concerns about any part of the home buying process, our mortgage specialists are here to assist. Schedule an appointment or give us a call at 1 (800) 609-9009.
With the best loan amount you can achieve 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 chances 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 history. Certain restrictions may use. Rate subject to routine 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 include taxes or insurance, real payment amount may be greater). CA residential or commercial properties just.
2A No Closing Cost choice is available for loans approximately $200,000. Must have a CLTV of 80% or less, an Automated Valuation Model (AVM) must be available, and a minimal 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 full title policy at cost to the borrower in addition to all other loan charges and any loan higher than $400,000 requires a full appraisal at expense to the borrower in addition to all other loan fees. Payment examples provided do not include taxes or insurance, real amounts may be greater.
3Please consult your tax advisor relating to tax deductibility and tax implications.
All Highlights
No closing cost option2
On loans up to $200,000, take pleasure in a no closing cost choice to help you save cash.
Approximately 85% combined loan-to-value
For primary home loans, you can get approved for a loan that deserves approximately 85% of the home's value, helping you access more funds.
Low minimum loan requirement
Take a loan of just $5,000, so you do not require to borrow more than you need.
Larger main house loans
You can get loans up to $500,000 for primary residences in order to help you have more financing for your goals.
Loan might be tax deductible3
Depending upon the loan terms, Members may be able to deduct a home equity loan on their taxes.
Fixed regular monthly payments
Unlike a home equity line of credit (HELOC), your loan payments won't change each month, making budgeting and paying off your loan much easier.
Receive funds in a swelling amount
Receive the funds you need all at one time.
Flexible terms
Flexibility to choose a term of 5, 10, or 15 years to enable you to select the very best term possible for your objectives.
Second and investment residential or commercial property loans
You might be eligible for loans approximately $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 a consultation
Consult with a mortgage expert to pick what's right for your needs.
Contact our mortgage team
Submit our contact kind 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 period. For instance, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn't be due up until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you recognize when your forgiveness will be due:
- PPP customers might choose a covered period anywhere from 8 weeks to 24 weeks.
- RCU is immediately determining your loan due date based upon a 24-week covered duration, if you plan on utilizing a much shorter covered period please notify us right away as this will impact your due date.
- Your correct deadline will be shown in your electronic 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 decision is made by the SBA.
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