Request a loan today and see how the equity in your house can be a powerful resource to assist money your dreams.
Overview
Achieve your goals and begin living the life you desire. A home equity loan is a safe and trusted way to fund your goals while helping you take control of your monetary future.
Rates1
Fixed
Highlights
No closing costs2
Most mortgage require expensive closing expenses. Keep your hard-earned cash without any closing expenses on particular RCU home equity loans.
Approximately 85% combined loan to worth
For main home loans, you can qualify to borrow approximately 85% of your home's value (consisting of first mortgage balance), and 80% for second home or financial investment residential or commercial properties.
You can get loans up to $500,000 for main houses to help you get more financing toward your objectives. Amount differs for second homes or investment residential or commercial properties.
And more ...
View all highlights
What could you finish with your homes' equity?
Home improvements
When you're short on funds, do not wait till your house requires major repair work or restoration. A home equity loan can help you finance the repairs and enhancements you need.
Debt consolidation
Using a home equity loan with a lower interest rate to consolidate your current financial obligation might help you pay off what you owe easier.
Wedding
One way to make your dream wedding event a truth is by using the equity in your home to fund the expenses. You deserve to plan the ideal event with your life time partner.
Education
Did you know that a home equity loan can be utilized to fund your college education? It's an exceptional method of obtaining money 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 pay for another residential or commercial property for investment.
Something else
A home equity loan can be utilized for a a variety of purposes, so speak with one of our professionals today to discover more.
How to get a home equity loan
Home equity loans can be utilized to pay for a range of costs, and you can make simple monthly payments utilizing online or mobile banking.
- 1 Apply online
Complete an application to begin the loan procedure.
- 2 Deal 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 helps you visualize 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 simplified the process of getting a mortgage loan.
Raina shares how RCU streamlined 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 professionals are here to assist. Schedule a consultation or offer us a call at 1 (800) 609-9009.
With the ideal loan amount you can attain more of what is necessary to you
Request a loan today so you can see how leveraging your home's equity can be the key to unlocking opportunities that will make your dreams come to life!
- Disclosures 1Rates work August 20, 2025. Rate is based on a fixed-rate home equity loan with a 740 credit rating. Certain restrictions may apply. Rate subject 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 include taxes or insurance, real payment quantity may be higher). CA residential or commercial properties only.
2A No Closing Cost alternative is available for loans up to $200,000. Must have a CLTV of 80% or less, an Automated Valuation Model (AVM) must be readily available, and a minimal 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 greater than $200,000 needs a complete title policy at expense to the customer in addition to all other loan costs and any loan higher than $400,000 requires a full appraisal at expense to the borrower in addition to all other loan charges. Payment examples provided do not include taxes or insurance coverage, actual amounts may be higher.
3Please consult your tax advisor 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 alternative to assist you conserve cash.
Up to 85% integrated loan-to-value
For main residence loans, you can certify for a loan that is worth as much as 85% of the home's worth, helping you gain access to 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 need.
Larger primary house loans
You can get loans up to $500,000 for primary houses in order to help you have more financing for your objectives.
Loan may be tax deductible3
Depending on the loan terms, Members might have the ability to deduct a home equity loan on their taxes.
Fixed monthly payments
Unlike a home equity line of credit (HELOC), your loan payments will not change each month, making budgeting and settling your loan simpler.
Receive funds in a lump amount
Receive the funds you need all at one time.
Flexible terms
Flexibility to select a term of 5, 10, or 15 years to allow you to choose the best term possible for your goals.
Second and investment residential or commercial property loans
You might be qualified for loans as much as $300,000 on 2nd home or financial investment residential or commercial properties, to get back at more funding for your needs.
Rates
Home Equity Rates
Contact Us
Schedule a visit
Consult with a mortgage expert to pick what's right for your needs.
Contact our mortgage group
Complete our contact kind 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 example, if your covered duration ended June 30, 2021, under the new guidelines the earliest your first loan payment would not be due up until April 2022, and you have up until then to request forgiveness. Please utilize the following computation to help you identify when your forgiveness will be due:
- PPP debtors might select a covered duration anywhere from 8 weeks to 24 weeks.
- RCU is instantly determining your loan due date based on a 24-week covered period, if you intend on utilizing a much shorter covered duration please notify 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 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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