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Home equity line of credit (HELOC)

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.

Variable Rates

As low as  % APR

Highlights

No closing costs**

Most home loans require expensive closing costs. Keep your hard-earned money with no closing costs on certain RCU HELOCs.

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.

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.

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.

And more...

What could you do with your home's equity?

How to get a home equity loan

Home equity loans can be used to pay for a variety of expenses, and you can make easy monthly payments using online or mobile banking.

  • 1

    Apply online

    Complete an application to begin the loan process.

  • 2

    Work with us

    Partner with one of our mortgage lending experts.

  • 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.

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    That's how many chats, emails, and calls were served by our local Member Service Center in 2020.

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    Best in State Credit Union by Forbes Magazine

Raina shares how RCU simplified the process of getting a mortgage loan.

Have a question?

At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly. Go ahead: send us a question or give us a call.

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.

  • *Rates are effective December 1, 2021 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.