Ministry Loans

Congregation Loans

October 2020
Loan TypeRate
New Start - adjustable3.625%
Specialized Ministry - adjustable2.000%
Monthly, quarterly or annually - adjustable4.000%
5- and 10-year fixed-rate balloon, 2% prepayment penalty (subject to availability of funds)Call for fixed rates

RCW Education Loan Repayment (Organization)

October 2020
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 annually3.000%3.031% *

School Association Loans

October 2020
Loan TypeRate
Monthly, quarterly or annually - adjustable4.000%
Call for fixed rate options.

Organization / RSO Loan Rates

Please contact us for information regarding Organization/RSO Loan rates.

RCW Loans

RCW Home Equity Loans

October 2020
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 rate3.875% - 4.375%4.360% - 4.866%
6 - 10 years - fixed rate4.875% - 5.375%4.135% - 5.637%
11 - 15 years - fixed rate5.625% - 6.125%5.888% - 6.391%

RCW Residential Loans

October 2020
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 rate3.250%3.290% *
Purchase: 20% down payment
Refinance: 80% LTV
15-year fixed rate3.000%3.165% **
Purchase: 10% down payment
Refinance: 90% LTV
7-year ARM rate3.000% - 3.500%3.090% - 3.590% *
Purchase: 10% down payment
Refinance: 90% LTV
10-year ARM rate3.125% - 3.625%3.215% - 3.718% *
Purchase: 10% down payment
Refinance: 90% LTV
15-year fixed rate3.250% - 3.750%3.416% - 3.918% **
Purchase: 10% down payment
Refinance: 90% LTV
30-year fixed rate3.500% - 4.000%3.590% - 4.095% *
Purchase: 5% down payment
Refinance: 95% LTV
7-year ARM rate3.250% - 3.750%3.341% - 3.844% *
Purchase: 5% down payment
Refinance: 95% LTV
10-year ARM rate3.375% - 3.875%3.467% - 3.971% *
`Purchase: 5% down payment
Refinance: 95% LTV
15-year fixed rate3.500% - 4.000%3.670% - 4.169% **
`Purchase: 5% down payment
Refinance: 95% LTV
30-year fixed rate3.750% - 4.250%3.840% - 4.346% *

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.