Ministry Loans

Congregation Loans

November 2019
Loan TypeRate
New Start - adjustable4.000%
Specialized Ministry - adjustable2.375%
Monthly, quarterly or annually - adjustable4.375%
5- and 10-year fixed-rate balloon, 2% prepayment penalty (subject to availability of funds)Call for fixed rates

RCW Education Loan Repayment (Organization)

November 2019
Loan TermRateAPR Range
* APR is based on a $50,000 loan amount at the initial interest rate listed, 120-month term, $75 loan origination fee.
Up to 10 years - adjusted annually3.375%3.406% *

School Association Loans

November 2019
Loan TypeRate
Monthly, quarterly or annually - adjustable4.375%
5- and 10-year fixed-rate balloon, 2% prepayment penalty
(subject to availability of funds)
Call for fixed rates
 

RCW Loans

RCW Home Equity Loans

November 2019
Loan TermRateAPR Range
* APR is based on a $50,000 mortgage amortized over the maximum term allowed with no origination fee.
Up to 5 years - fixed rate4.125% - 4.625%4.615% - 5.117%
6 - 10 years - fixed rate5.125% - 5.625%5.381% - 5.888%
11 - 15 years - fixed rate5.875% - 6.375%6.060% - 6.556%

RCW Residential Loans

November 2019
Down Payment / Loan-to-Value (LTV)Loan TermRateAPR Range
*APR is based on $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.
Purchase: 20% down payment
Refinance: 80% LTV
30-year fixed rate; for well-qualified buyers3.875%3.969% *
Purchase: 20% down payment
Refinance: 80% LTV
15-year fixed rate; for well-qualified buyers3.500%3.670% **
Purchase: 10% down payment
Refinance: 90% LTV
7-year ARM rate3.625% - 4.125%3.718% - 4.221% *
Purchase: 10% down payment
Refinance: 90% LTV
10-year ARM rate3.875% - 4375%3.971% - 4.472% *
Purchase: 10% down payment
Refinance: 90% LTV
15-year fixed rate3.750% - 4.250%3.918% - 4.420% **
Purchase: 5% down payment
Refinance: 95% LTV
7-year ARM rate3.875% - 4.375%3.971% - 4.472 *
Purchase: 5% down payment
Refinance: 95% LTV
10-year ARM rate4.125% - 4.625%4.221% - 4.724% *
Purchase: 5% down payment
Refinance: 95% LTV
15-year fixed rate4.000% - 4.500%4.169% - 4.672% * **

RCW mortgage loan rates are subject to change daily.

All interest rate adjustments on ARM loans are based on the 11th District Cost of Funds (“COFI”).
The 7-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. For the 7-year ARM, the interest rate will never increase or decrease more that 4.0% from the initial rate during the term of the loan. For the 10-year ARM, the interest rate will never increase or decrease more than 5.0% from the initial rate during the term of the loan. In addition, each change frequency (occurring each year) will not allow more than a 2.0% increase or decrease from the previous rate. APR= Annual Percentage Rate. The APR is a uniform measurement of the cost of a loan, including interest and financed costs of closing, expressed as a yearly percentage rate.

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.