Look for a loan today and see how the equity in your home can be a powerful 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 way to fund your objectives while helping you take control of your financial future.
Rates1
Fixed
Highlights
No closing costs2
Most mortgage need pricey closing expenses. Keep your hard-earned cash with no closing expenses on specific RCU home equity loans.
Approximately 85% combined loan to worth
For primary residence loans, you can certify to borrow up to 85% of your home's value (including very first mortgage balance), and 80% for second home or financial investment residential or commercial properties.
You can approximately $500,000 for main houses to assist you get more funding toward your objectives. Amount varies for second homes or financial investment residential or commercial properties.
And more ...
View all highlights
What could you finish with your homes' equity?
Home improvements
When you're brief on funds, do not wait till your house requires serious repair work or remodelling. A home equity loan can assist you finance the repair work and enhancements you need.
Debt combination
Using a home equity loan with a lower rate of interest to consolidate your existing financial obligation may help you pay off what you owe much easier.
Wedding
One method to make your dream wedding a reality is by utilizing the equity in your house to fund the costs. You are worthy of to plan the ideal celebration with your life time partner.
Education
Did you understand that a home equity loan can be utilized to fund your college education? It's an outstanding way of obtaining money to assist you obtain a degree that will benefit your future profession.
Investment residential or commercial property
The equity in your home can help you pay for another residential or commercial property for investment.
Something else
A home equity loan can be utilized for a a variety of functions, so seek advice from among our professionals today for more information.
How to get a home equity loan
Home equity loans can be used to pay for a range of expenses, and you can make easy monthly payments using online or mobile banking.
- 1 Apply online
Complete an application to begin the loan procedure.
- 2 Deal with us
Partner with among our mortgage lending specialists.
- 3 Use your home equity loan
Get authorized and utilize the loan funds.
Why Choose RCU?
At RCU, we're enthusiastic about helping our Members improve their lives. If you want a cooperative credit union that keeps your special needs in mind and helps you picture and handle your financial future, the friendly professionals 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 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 process, our mortgage experts are here to assist. Schedule an appointment or offer us a call at 1 (800) 609-9009.
With the right loan amount you can attain more of what's important to you
Obtain 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 real!
- Disclosures 1Rates work August 20, 2025. Rate is based on a fixed-rate home equity loan with a 740 credit history. Certain restrictions may apply. Rate subject to regular modifications 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, actual payment quantity might be greater). CA residential or commercial properties just.
2A No Closing Cost choice 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 limited title policy must 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 needs a full title policy at cost to the customer in addition to all other loan fees and any loan higher than $400,000 needs a full appraisal at expense to the debtor in addition to all other loan charges. Payment examples provided do not include taxes or insurance coverage, real quantities might be greater.
3Please consult your tax advisor concerning tax deductibility and tax implications.
All Highlights
No closing expense option2
On loans approximately $200,000, enjoy a no closing expense alternative to help you conserve cash.
As much as 85% combined loan-to-value
For main residence loans, you can certify for a loan that is worth approximately 85% of the home's value, assisting you access more funds.
Low minimum loan requirement
Take a loan of just $5,000, so you don't require to obtain more than you require.
Larger main residence loans
You can get loans approximately $500,000 for primary residences in order to assist you have more financing for your objectives.
Loan might be tax deductible3
Depending upon the loan terms, Members might have the ability to subtract a home equity loan on their taxes.
Fixed month-to-month payments
Unlike a home equity line of credit (HELOC), your loan payments won't change every month, making budgeting and paying off your loan simpler.
Receive funds in a lump amount
Receive the funds you need all at one time.
Flexible terms
Flexibility to pick a term of 5, 10, or 15 years to allow you to pick the finest term possible for your goals.
Second and financial investment residential or commercial property loans
You might be eligible for loans as much as $300,000 on second home or investment residential or commercial properties, to get back at more moneying for your needs.
Rates
Home Equity Rates
Contact Us
Schedule a consultation
Consult with a mortgage specialist to choose what's right for your requirements.
Contact our mortgage group
Submit our contact type and we will be in touch soon.
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 example, if your covered duration ended June 30, 2021, under the brand-new standards the earliest your first loan payment wouldn't be due till April 2022, and you have until then to demand forgiveness. Please utilize the following calculation to assist you determine when your forgiveness will be due:
- PPP debtors might choose a covered duration anywhere from 8 weeks to 24 weeks.
- RCU is automatically computing your loan due date based on a 24-week covered period, if you mean on using a shorter covered duration please inform us instantly as this will impact your due date.
- Your proper 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 decision is made by the SBA.
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