The rates below are current for March 2024.

LCEF Cost of Funds Index

Current LCEF Cost of Funds index rate
3.250%

What is Cost of Funds? (PDF)

Ministry Loans

Congregation Loans

Loan TypeRate
New Start - adjustable5.500%
Specialized Ministry - adjustable3.250%
Monthly, quarterly or annually - adjustable5.625%
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 TermRate
* 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 annually4.125%

School Association Loans

Loan TypeRate
Monthly, quarterly or annually - adjustable5.50%
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 years6.375%-6.875%6.881%-7.384%
6 - 10 years7.375-7.875%7.650%-8.153%
11 - 15 years7.875-8.375%8.075%-8.578%

RCW Residential Loans

Loan TermDown PaymentRateAPR Range
30-year fixed rate20% down payment6% - 6.50%6.137% - 6.641%
10% down payment6.125%-6.625%6.263%- 6.767%*
5% down payment6.25%-6.75%6.389%-6.893%*
15-year fixed rate20% down payment5.75%- 6.25%5.978%-6.481%**
10% down payment5.875% - 6.375%6.104% - 6.607% **
5% down payment6.00%-6.50%6.229% - 6.733% **
10-year ARM rate10% down payment5.875%- 6.375%6.011% - 6.515% *
5% down payment6.125%-6.625%6.263% - 6.767% *
7-year ARM rate10% down payment5.75%-6.25%5.885% - 6.389% *
5% down payment6.00%- 6.50%6.137% - 6.641% *

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.