Request a loan today and see how the equity in your house can be an effective resource to help money your dreams.

Overview

Achieve your goals and start living the life you want. A home equity loan is a safe and reliable way to finance your objectives while helping you take control of your financial future.

Rates1

Fixed

Highlights

No closing costs2

Most mortgage need pricey closing costs. Keep your hard-earned cash without any closing expenses on specific RCU home equity loans.

Approximately 85% combined loan to worth

For primary home loans, you can qualify to borrow as much as 85% of your home's worth (consisting of very first mortgage balance), and 80% for second home or financial investment residential or commercial properties.

You can receive loans up to $500,000 for primary houses to assist you get more funding towards your goals. Amount differs for second 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 home needs major repair work or remodelling. A home equity loan can help you finance the repair work and improvements you need.

Debt debt consolidation

Using a home equity loan with a lower rate of interest to combine your current financial obligation might help you pay off what you owe simpler.

Wedding

One way to make your dream wedding event a reality is by utilizing the equity in your house to fund the expenses. You are worthy of to plan the perfect celebration with your lifetime partner.

Education

Did you understand that a home equity loan can be utilized to fund your college education? It's an exceptional way of obtaining cash to help you acquire a degree that will benefit your future profession.

Investment residential or commercial property

The equity in your home can assist you manage another residential or commercial property for investment.

Something else

A home equity loan can be used for a a range of purposes, so consult with one of our specialists today to get more information.

How to get a home equity loan

Home equity loans can be utilized to pay for a range of expenses, and you can facilitate month-to-month payments utilizing online or mobile banking.

- 1 Apply online

Complete an application to start the loan procedure.

- 2 Work with us

Partner with one of our mortgage financing specialists.

- 3 Use your home equity loan

Get approved and use the loan funds.

Why Choose RCU?

At RCU, we're passionate about assisting our Members improve their lives. If you desire a cooperative credit union that keeps your unique needs in mind and assists you envision and handle your financial future, the friendly specialists 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 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 specialists are here to assist. Schedule a consultation or give us a call at 1 (800) 609-9009.

With the right loan amount you can achieve more of what is necessary to you

Request a loan today so you can see how leveraging your home's equity can be the secret to unlocking chances that will make your dreams become a reality!

- Disclosures 1Rates are efficient August 20, 2025. Rate is based on a fixed-rate home equity loan with a 740 credit rating. Certain limitations might use. Rate subject to regular modifications after closing. Estimated payment amount for $20,000 loan at 7.488% APR, with 30 year term and 70% CLTV is $400.66 (does not consist of taxes or insurance, actual payment amount may be greater). CA residential or commercial properties only.

2A No Closing Cost alternative is offered for loans approximately $200,000. Must have a CLTV of 80% or less, an Automated Valuation Model (AVM) must be available, and a limited title policy must be obtained. A $750 early closure charge applies if the loan is closed within 36 months of the date of the security instrument. Any loan greater than $200,000 needs a complete title policy at expense to the customer in addition to all other loan charges and any loan greater than $400,000 needs a full appraisal at expense to the debtor in addition to all other loan costs. Payment examples provided do not include taxes or insurance coverage, real quantities might be higher.

3Please consult your tax advisor concerning tax deductibility and tax ramifications.

All Highlights

No closing expense option2

On loans as much as $200,000, delight in a no closing expense alternative to help you save money.

Approximately 85% integrated loan-to-value

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

Low minimum loan requirement

Take a loan of just $5,000, so you don't need to obtain more than you require.

Larger main home loans

You can receive loans as much as $500,000 for primary houses in order to assist you have more funding for your objectives.

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 will not alter monthly, making budgeting and paying off your loan simpler.

Receive funds in a lump sum

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 best term possible for your objectives.

Second and financial investment residential or commercial property loans

You might be qualified for loans approximately $300,000 on second home or financial investment residential or commercial properties, to get even more moneying for your requirements.

Rates

Home Equity Rates

Contact Us

Schedule a visit

Meet a mortgage professional to choose what's right for your requirements.

Contact our mortgage group

Complete our contact type and we will be in touch soon.

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 duration. For instance, if your covered period ended June 30, 2021, under the brand-new guidelines the earliest your very first loan payment wouldn't be due until April 2022, and you have until then to demand forgiveness. Please utilize the following computation to assist you recognize when your forgiveness will be due:

- PPP borrowers might select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically determining your loan due date based on a 24-week covered duration, if you mean on using a shorter covered duration please notify us immediately as this will affect your due date.
- Your proper 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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