You Worked Hard for your Home-now let it Work For You
Get a loan today and see how the equity in your house 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 trustworthy method to fund your objectives while assisting you take control of your financial future.
Rates1
Fixed
Highlights
No closing costs2
Most mortgage require pricey closing costs. Keep your hard-earned money without any closing expenses on specific RCU home equity loans.
Approximately 85% combined loan to worth
For primary home loans, you can certify to borrow up to 85% of your home's worth (consisting of first mortgage balance), and 80% for second home or investment residential or commercial properties.
You can receive loans approximately $500,000 for homes to assist you get more funding towards your objectives. 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 short on funds, don't wait up until your house needs severe repair work or restoration. A home equity loan can help you fund the repair work and enhancements you need.
Debt debt consolidation
Using a home equity loan with a lower rate of interest to consolidate your present debt might help you pay off what you owe easier.
Wedding
One method to make your dream wedding a reality is by using the equity in your home to fund the expenses. You are worthy of to plan the ideal event with your lifetime partner.
Education
Did you understand that a home equity loan can be utilized to fund your college education? It's an excellent way of obtaining money to assist you obtain a degree that will benefit your future career.
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 used for a a range of functions, so seek advice from with one of our experts today to find out more.
How to get a home equity loan
Home equity loans can be used to spend for a range of expenditures, and you can facilitate regular monthly payments utilizing 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 professionals.
- 3 Use your home equity loan
Get authorized and use the loan funds.
Why Choose RCU?
At RCU, we're passionate about assisting our Members improve their lives. If you desire a credit union that keeps your special needs in mind and assists you imagine and handle your monetary future, the friendly specialists at RCU are here for you.
Named among 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 procedure of getting a mortgage loan.
Raina shares how RCU streamlined 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 experts are here to help. Schedule an appointment or give us a call at 1 (800) 609-9009.
With the right loan amount you can accomplish more of what is essential to you
Look for a loan today so you can see how leveraging your home's equity can be the secret to unlocking opportunities that will make your dreams come true!
- Disclosures 1Rates are effective August 20, 2025. Rate is based on a fixed-rate home equity loan with a 740 credit rating. Certain constraints might use. Rate subject 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 include taxes or insurance, real payment quantity may be greater). CA residential or commercial properties only.
2A No Closing Cost option is available for loans as much as $200,000. Must have a CLTV of 80% or less, an Automated Valuation Model (AVM) should be available, and a minimal title policy need to be gotten. 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 requires a complete title policy at cost to the debtor in addition to all other loan costs and any loan greater than $400,000 requires a full appraisal at cost to the debtor in addition to all other loan charges. Payment examples supplied do not include taxes or insurance coverage, actual quantities may be greater.
3Please consult your tax consultant relating to tax deductibility and tax ramifications.
All Highlights
No closing cost option2
On loans approximately $200,000, enjoy a no closing cost choice to assist you conserve cash.
As much as 85% integrated 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, assisting you access more funds.
Low minimum loan requirement
Take a loan of as low as $5,000, so you don't need to obtain more than you need.
Larger primary residence loans
You can get loans as much as $500,000 for main 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 regular monthly payments
Unlike a home equity credit line (HELOC), your loan payments won't change every month, making budgeting and paying off your loan easier.
Receive funds in a swelling amount
Receive the funds you require all at one time.
Flexible terms
Flexibility to choose a term of 5, 10, or 15 years to permit you to choose the finest term possible for your goals.
Second and investment residential or commercial property loans
You might be eligible for loans up to $300,000 on 2nd home or investment residential or commercial properties, to get back at more funding for your requirements.
Rates
Home Equity Rates
Contact Us
Schedule a consultation
Consult with a mortgage expert to select what's right for your requirements.
Contact our mortgage group
Complete our contact form and we will be in touch quickly.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which altered the deferment period from 6 months post covered duration to 10 months post covered duration. For instance, if your covered duration ended June 30, 2021, under the brand-new standards the earliest your very first loan payment wouldn't be due up until April 2022, and you have until then to demand forgiveness. Please utilize the following estimation to assist you recognize when your forgiveness will be due:
- PPP debtors might pick a covered duration anywhere from 8 weeks to 24 weeks. - RCU is immediately calculating your loan due date based on a 24-week covered duration, if you mean on using a much shorter covered period please inform us instantly as this will impact your due date. - Your right due date will be reflected in your electronic banking account.
If all or part of your PPP loan is not forgiven, your very first loan payment will be due the first of the following month after a choice is made by the SBA.
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