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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 goals and the life you desire. A home equity loan is a safe and reliable way to fund your objectives while assisting you take control of your financial future.
Rates1
Fixed
Highlights
No closing costs2
Most mortgage need pricey closing expenses. Keep your hard-earned money with no closing expenses on particular RCU home equity loans.
As much as 85% combined loan to worth
For primary home loans, you can certify to obtain as much as 85% of your home's worth (including very first mortgage balance), and 80% for second home or financial investment residential or commercial properties.
You can get loans as much as $500,000 for main residences to assist you get more financing towards your objectives. Amount varies for second 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 till your house needs severe repair or restoration. A home equity loan can assist you finance the repairs and enhancements you require.
Debt consolidation
Using a home equity loan with a lower interest rate to consolidate your current financial obligation may assist you pay off what you owe simpler.
Wedding
One method to make your dream wedding event a reality is by utilizing the equity in your house to fund the expenses. You should have to plan the ideal 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 outstanding way of borrowing money to assist you acquire a degree that will benefit your future profession.
Investment residential or commercial property
The equity in your home can assist 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 with one of our experts today to get more information.
How to get a home equity loan
Home equity loans can be used to spend for a range of expenditures, and you can make simple month-to-month payments using online or mobile banking.
- 1 Apply online
Complete an application to start the loan process.
- 2 Work with us
Partner with one of our mortgage lending experts.
- 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 desire a credit union that keeps your special needs in mind and helps you picture and manage your monetary 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 simplified the procedure 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 procedure, our mortgage specialists are here to help. Schedule a visit or give us a call at 1 (800) 609-9009.
With the best loan amount you can attain more of what is necessary to you
Make an application 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 are efficient August 20, 2025. Rate is based on a fixed-rate home equity loan with a 740 credit report. Certain constraints might apply. Rate topic to regular changes 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 consist of taxes or insurance coverage, actual payment quantity might be higher). CA residential or commercial properties only.
2A No Closing Cost option is available for loans up to $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 borrower in addition to all other loan charges and any loan higher than $400,000 requires a full appraisal at cost to the customer in addition to all other loan charges. Payment examples supplied do not include taxes or insurance coverage, actual amounts may be greater.
3Please consult your tax advisor relating to tax deductibility and tax ramifications.
All Highlights
No closing cost option2
On loans up to $200,000, delight in a no closing cost alternative to assist you save cash.
Approximately 85% combined loan-to-value
For main house loans, you can receive a loan that is worth as much as 85% of the home's value, assisting you gain access to more funds.
Low minimum loan requirement
Take a loan of as low as $5,000, so you don't require to obtain more than you need.
Larger main residence loans
You can get loans up to $500,000 for main houses in order to assist you have more financing for your goals.
Loan might be tax deductible3
Depending on the loan terms, Members might 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 monthly, making budgeting and paying off your loan easier.
Receive funds in a swelling amount
Receive the funds you need all at one time.
Flexible terms
Flexibility to choose a regard to 5, 10, or 15 years to enable you to select the best term possible for your goals.
Second and investment residential or commercial property loans
You may be qualified for loans approximately $300,000 on second 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 professional to choose what's right for your requirements.
Contact our mortgage team
Complete our contact type and we will be in touch quickly.
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 period. For instance, if your covered duration ended June 30, 2021, under the brand-new standards the earliest your first loan payment would not be due until April 2022, and you have till then to demand forgiveness. Please utilize the following estimation to assist you determine when your forgiveness will be due:
- PPP customers might select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is instantly determining your loan due date based upon a 24-week covered period, if you mean on using a much shorter covered duration please inform us immediately as this will affect your due date.
- Your correct due date will be reflected 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 choice is made by the SBA.
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