The rates below are current for January 2023.

LCEF Cost of Funds Index

Current LCEF Cost of Funds index rate
2.125%

What is Cost of Funds? (PDF)

Ministry Loans

Congregation Loans

Loan TypeRate
New Start - adjustable3.750%
Specialized Ministry - adjustable2.125%
Monthly, quarterly or annually - adjustable4.125%
5- and 10-year fixed-rate balloon, 2% prepayment penalty (subject to availability of funds)Call for fixed rates

RCW Education Loan Repayment (Organization)

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 annually3.125%3.156%*

School Association Loans

Loan TypeRate
Monthly, quarterly or annually - adjustable4.125%
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

Loan TermRateAPR Range
* APR is based on a $50,000 mortgage amortized over the maximum term allowed with no origination fee.
Up to 5 years4.375-4.875%4.615%-5.117%
6 - 10 years5.375-5.875%5.381%-5.888%
11 - 15 years6.125-6.625%6.06%-6.560%

RCW Residential Loans

Loan TermDown PaymentRateAPR Range
30-year fixed rate20% down payment4.25%- 4.75%4.346%- 4.849%
10% down payment4.375%-4.875%4.472%- 4.975%*
5% down payment4.50%-5.00%4.598%-5.100%*
15-year fixed rate20% down payment4.00%- 4.50%4.169%-4.672%**
10% down payment4.125% - 4.625%4.295% - 4.797% **
5% down payment4.25%-4.75%4.420% - 4.923% **
10-year ARM rate10% down payment4.125%- 4.625%4.221% - 4.724% *
5% down payment4.375%-4.875%4.472% - 4.975% *
7-year ARM rate10% down payment4.00%-4.50%4.095% - 4.598% *
5% down payment4.25%- 4.75%4.346% - 4.849% *

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.