Loan Rates

The rates below are current for September 2023.

LCEF Cost of Funds Index

Current LCEF Cost of Funds index rate
2.625%

What is Cost of Funds? (PDF)

Ministry Loans

Congregation Loans

Loan Type	Rate
New Start - adjustable	4.500%
Specialized Ministry - adjustable	2.625%
Monthly, quarterly or annually - adjustable	4.875%
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 Term	Rate	APR 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 annually	3.500%	3.531%*

School Association Loans

Loan Type	Rate
Monthly, quarterly or annually - adjustable	4.875%
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 Term	Rate	APR Range
* APR is based on a $50,000 mortgage amortized over the maximum term allowed with no origination fee.
Up to 5 years	5.375% - 5.875%	5.871% - 6.373%
6 - 10 years	6.375% - 6.875%	6.642% - 7.145%
11 - 15 years	7.125% - 7.625%	7.319% - 7.822%

RCW Residential Loans

Loan Term	Down Payment	Rate	APR Range
30-year fixed rate	20% down payment	5.25% - 5.75%	5.352%- 5.855%
	10% down payment	5.375% - 5.875%	5.478%- 5.981%*
	5% down payment	5.50% - 6.00%	5.603% - 6.107%*
15-year fixed rate	20% down payment	5.00% - 5.50%	5.174% - 5.677% **
	10% down payment	5.125% - 5.625%	5.30% - 5.802% ***
	5% down payment	5.25% - 5.75%	5.425% - 5.928% **
10-year ARM rate	10% down payment	5.125% - 5.625%	5.256% - 5.730% *
	5% down payment	5.375% - 5.875%	5.478% - 5.981% *
7-year ARM rate	10% down payment	5.00% - 5.50%	5.101% - 5.604% *
	5% down payment	5.25% - 5.75%	5.352% - 5.855% *

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.