Login to MyAccount
Loan Rates
| Rate | APR Range | |
|---|---|---|
| Ministry Loans | ||
New Mission Starts adjustable |
3.875% | |
| Specialized Ministries adjustable | 2.250% | |
| Monthly, Quarterly, or Annually adjustable | 4.250% | |
5 and 10 Year fixed rate balloon, 2% prepayment penalty (subject to availability of funds) |
Call for fixed rates | |
| RCW Home Equity Loans | ||
| Loan Term up to 5 Years, Fixed Rate | 3.750% - 4.250% | 4.238% - 4.740% * |
| Loan Term 6-10 Years, Fixed Rate | 4.750% - 5.250% | 5.009% - 5.512% * |
| Loan Term 11-15 Years, Fixed Rate | 5.750% - 6.250% | 5.936% - 6.439% * |
| RCW Residential Loans | ||
| All interest rates on ARM loans are based on the LCEF current cost of funds | 2.250% | |
|
20% down payment
30 year fixed rate*
15 year fixed rate*
*Limited time only Well-Qualified Buyer Program
|
3.500%
2.750%
|
3.590% **
2.829% ***
|
|
10% down payment
5 Year ARM Rate
10 Year ARM Rate
15 Year Fixed
|
2.875% - 3.375%
3.125% - 3.625%
3.125% - 3.625%
|
2.964% - 3.467% **
3.290% - 3.792% **
3.290% - 3.792% ***
|
|
5% down payment
5 Year ARM Rate
10 Year ARM Rate
15 Year Fixed
|
3.125% - 3.625%
3.375% - 3.875%
3.375% - 3.875%
|
3.215% - 3.718% **
3.541% - 4.044% **
3.541% - 4.044% ***
|
|
RCW mortgage loan rates are subject to change daily. To learn how LCEF calculates cost of funds, click here. The 5 Year Adjustable Rate Mortgage (ARM) and 10 Year ARM loan products are variable rate loans and the interest rate may increase after consummation of the loan. The interest rate will never increase or decrease more than 3.5% from the initial rate during the term of the loan. In addition, each change frequency (occurring each year or every five years) will not allow more than a 2.5% increase or decrease from the previous rate. A list of approved and non-approved states are available here. |
||
| RCW Consolidation Loans | ||
| 1 Year to 7 Year Terms, Adjusted Annually | 5.250% - 7.250% | 5.491% - 7.559% **** |
APR = Annual Percentage Rate. The Annual Percentage Rate is a uniform measurement of the cost of a loan, including interest and financed costs of closing, expressed as a yearly percentage rate.
* APR is based on a $50,000 mortgage amortized over the maximum term allowed with no origination fee.
** APR is based on a $150,000 mortgage at the initial rate listed, 360 monthly payments. Rate includes 0.5% origination fee.
*** APR is based on a $150,000 mortgage at the interest rate listed, 180 monthly payments. Rate includes 0.5% origination fee.
**** APR is based on a $25,000 loan amount at the initial interest rate listed, 84 month term, $250 loan origination fee.