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Request a loan today and see how the equity in your home can be a powerful resource to help money your dreams.

Overview

Achieve your goals and begin living the life you want. A home equity loan is a safe and dependable method to fund your goals while assisting you take control of your financial future.

Rates1

Fixed

Highlights

No closing costs2

Most mortgage require expensive closing costs. Keep your hard-earned cash without any closing costs on particular RCU home equity loans.

As much as 85% combined loan to worth

For main residence loans, you can qualify to obtain as much as 85% of your home's value (consisting of first mortgage balance), and 80% for second home or investment residential or commercial properties.

You can get loans as much as $500,000 for primary homes to assist you get more financing towards your objectives. Amount differs for second homes or financial investment residential or commercial properties.

And more ...

View all highlights

What could you finish with your homes' equity?

Home enhancements

When you're short on funds, do not wait up until your house requires major repair or renovation. A home equity loan can help you finance the repairs and enhancements you require.

Debt consolidation

Using a home equity loan with a lower interest rate to consolidate your present financial obligation may help you pay off what you owe easier.

Wedding

One method to make your dream wedding a reality is by utilizing the equity in your house to finance the costs. You deserve to plan the perfect event with your life time partner.

Education

Did you understand that a home equity loan can be utilized to finance your college education? It's an excellent method of obtaining cash to help you obtain a degree that will benefit your future profession.

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 utilized for a a variety of purposes, so seek advice from with one of our experts today to learn 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 start the loan process.

- 2 Deal with us

Partner with among our mortgage lending professionals.

- 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 enhance their lives. If you desire a credit union that keeps your unique needs in mind and assists you visualize and manage your financial future, the friendly experts at RCU are here for you.

Named one of 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 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 questions about any part of the home purchasing process, our mortgage specialists are here to help. Schedule a visit or give us a call at 1 (800) 609-9009.

With the ideal loan amount you can accomplish more of what's crucial to you

Look for a loan today so you can see how leveraging your home's equity can be the key to unlocking 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 report. Certain constraints may use. Rate subject to periodic modifications after closing. Estimated payment amount 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 quantity might be greater). CA residential or commercial properties just.

2A No Closing Cost choice is offered for loans as much as $200,000. Must have a CLTV of 80% or less, an Automated Valuation Model (AVM) need to be available, and a restricted title policy should be acquired. 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 requires a complete title policy at expense 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 borrower in addition to all other loan charges. Payment examples offered do not consist of taxes or insurance coverage, real amounts might be greater.

3Please consult your tax consultant relating to tax deductibility and tax ramifications.

All Highlights

No closing expense option2

On loans as much as $200,000, enjoy a no closing cost option to assist you save cash.

Approximately 85% combined loan-to-value

For primary residence loans, you can qualify for a loan that is worth as much as 85% of the home's value, helping you access more funds.

Low minimum loan requirement

Take a loan of as little as $5,000, so you don't require to borrow more than you require.

Larger primary residence loans

You can receive loans up to $500,000 for main residences in order to assist you have more funding for your objectives.

Loan may be tax deductible3

Depending on the loan terms, Members may be able to subtract a home equity loan on their taxes.

Fixed monthly payments

Unlike a home equity line of credit (HELOC), your loan payments won't change monthly, 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 select a term of 5, 10, or 15 years to enable you to pick the best term possible for your objectives.
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Second and investment residential or commercial property loans

You might be eligible for loans approximately $300,000 on 2nd home or investment residential or commercial properties, to get even more funding for your needs.

Rates

Home Equity Rates

Contact Us

Schedule a consultation

Meet with a mortgage expert to pick what's right for your requirements.

Contact our mortgage group

Submit our contact form 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 duration to 10 months post covered period. For example, if your covered duration ended June 30, 2021, under the new guidelines the earliest your first loan payment would not be due till April 2022, and you have until then to demand forgiveness. Please utilize the following calculation to help you identify when your will be due:

- PPP customers may pick a covered period anywhere from 8 weeks to 24 weeks.

• RCU is immediately determining your loan due date based upon a 24-week covered period, if you mean on utilizing a much shorter covered duration please inform us right away as this will affect 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 first loan payment will be due the very first of the following month after a decision is made by the SBA.
  
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