Tap into your home's equity to make purchases on the fly
Apply for a home equity line of credit (HELOC) and get access to a low-rate line of credit you can use anytime.
Overview
Leverage the equity in your house to get a low-rate line of credit you can use to purchase things you need or pay for unexpected expenses.
Rates*
View all ratesVariable Rates
As low as  APRWhat could you do with your home's equity?
Use the equity in your home to pay for home improvements when your savings isn’t enough.
Replace your high-interest debt with a low-rate home equity loan and save money.
Enjoy the wedding you’ve always dreamed of by using your home’s existing equity to pay for expenses.
From tuition and textbooks to equipment and supplies, get a home equity line of credit that’s available for all your educational expenses.
You never know what expenses might pop up when you purchase an investment property. Have the funds you need on hand when you need them.
Use your HELOC to pay for any ongoing for variable expenses in your life and have the funds available whenever you need them.
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1
Apply online
Complete an application to begin the loan process.
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Work with us
Partner with one of our mortgage lending experts.
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3
Use your home equity loan
Get approved and use the loan funds.
Why Choose RCU?
At RCU, we’re passionate about helping our Members improve their lives. If you want a credit union that keeps your unique needs in mind and helps you envision 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
Raina shares how RCU simplified the process of getting a mortgage loan.
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Have a question?
At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.
Put your property to work for you
No matter what you need to buy, use your home's equity to get the funds for major or ongoing expenses.
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*Rates are effective April 26, 2024 and are subject to change without notice. Certain restrictions may apply. Maximum Combined Loan to Value (CLTV) for above rates is 85% for single family homes, 80% for second home and investment, 75% for manufactured homes. Rates and max CLTV assumes property is a single unit, primary residence, non-manufactured home. RCU mortgage loans are available on CA properties only.
**A 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) must be available, and a limited title policy must be obtained. A $750 early closure fee applies if the loan is closed within 36 months of the date of the security instrument. Any loan greater than $200,000 requires a full title policy at cost to the borrower in addition to all other loan fees and any loan greater than $400,000 where an AVM is not available requires a full appraisal at cost to the borrower in addition to all other loan fees.
All Highlights
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Low variable rates
Get a lower interest rate compared to most other traditional loans to save you money on financing.
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Up to 85% combined loan-to-value
Get more financing power from your home’s equity, with up to 85% combined loan-to-value for primary residences and up to 80% loan-to-value for second homes and investment properties.
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Lines of credit up to $500,000
Cover almost any expense with lines of credit up to $500,000 for primary residences and up to $300,000 for second homes and investment properties.
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No closing costs**
Most home loans require expensive closing costs. Keep your hard-earned money with no closing costs on certain RCU HELOCs.
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Line of credit
Unlike fixed loans, you can use as much or as little money as you need, whenever you need, and only pay on the balance used.
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Interest-only and principal and interest terms available
Pay off your debt in a way that works best for you with both interest-only and principal and interest terms available for even more payment flexibility.
Resources
Rates
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline 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 decision is made by the SBA.
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