The rates below are current for October 2024.

LCEF Cost of Funds Index

Current LCEF Cost of Funds index rate
3.50%

What is Cost of Funds? (PDF)

Ministry Loans

Congregation Loans

Loan TypeRate
New Start - adjustable5.875%
Specialized Ministry - adjustable3.50%
Monthly, quarterly or annually - adjustable6.00%
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 annually4.500%

School Association Loans

Loan TypeRate
Monthly, quarterly or annually - adjustable6.00%
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 TermRateAPRMonthly Payment
5 years6.375%6.881%$975
10 years7.375%7.650%$590
15 years7.875%8.075%$474

The rates and monthly payments shown are based on a loan amount of $50,000 and does not include property taxes and insurance. The above rates, APRs and monthly payments may changes at any time. The rates listed assume you have a credit score of 710+.

RCW Residential Loans

Loan TermDown PaymentRateAPRMonthly Payment
30-year fixed rate20% down payment5.750%5.885%$875
10% down payment5.875%6.011%$887
5% down payment6.000%6.137%$899
15-year fixed rate20% down payment5.500%5.687%$1,226
10% down payment5.625%5.813%$1,236
5% down payment5.750%5.938%$1,246
10-year ARM rate10% down payment5.625%5.759%$863
5% down payment5.875%6.011%$887
7-year ARM rate10% down payment5.500%5.633%$852
5% down payment5.750%5.885%$875

The rates and monthly payments shown are based on a loan amount of $150,000 and do not include property taxes and insurance. The above rates, APRs and monthly payments may change at any time. The rates listed assume you have a credit score of 710+.

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.