The rates below are current for September 2022.

LCEF Cost of Funds Index

Current LCEF Cost of Funds index rate
1.875%

What is Cost of Funds? (PDF)

Ministry Loans

Congregation Loans

Loan TypeRate
New Start - adjustable3.500%
Specialized Ministry - adjustable1.875%
Monthly, quarterly or annually - adjustable3.875%
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 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 annually2.875%2.906%*

School Association Loans

Loan TypeRate
Monthly, quarterly or annually - adjustable4.375%
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 years4.125-4.625%4.615%-5.117%
6 - 10 years5.125-5.625%5.381%-5.888%
11 - 15 years5.875-6.375%6.06%-6.560%

RCW Residential Loans

Loan TermDown PaymentRateAPR Range
30-year fixed rate20% down payment4.00%- 4.50%4.095%- 4.598%
10% down payment4.125%-4.625%4.220%- 4.723%*
5% down payment4.25%-4.75%4.346%-4.849%*
15-year fixed rate20% down payment3.75%- 4.25%3.918%-4.420%**
10% down payment3.875% - 4.375%4.044% - 4.546% **
5% down payment4.00%-4.50%4.169% - 4.672% **
10-year ARM rate10% down payment3.875%- 4.375%3.971% - 4.472% *
5% down payment4.125%-4.625%4.221% - 4.724% *
7-year ARM rate10% down payment3.75%-4.25%3.844% - 4.346% *
5% down payment4.00%- 4.50%4.095% - 4.598% *

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.