RCW Residential Loans
Maximize Your Borrowing Potential with LCEF
Whether you’re purchasing a new home or managing existing debt, we provide competitive interest rates for RCW. Our dedicated team is committed to understanding the unique needs of LCMS workers, offering personalized guidance to help you achieve your financial goals while continuing your vital work in Christ’s church.
Conventional Fixed Rate Loans.
7/1 and 10/1 ARMS.
Fixed Rate Home Equity Loans.
No Private Mortgage Insurance (PMI).
Knowledgeable Loan Officers.
No Prepayment Penalties.
| Loan Term | Down Payment | Rate | APR | Monthly Payment |
|---|---|---|---|---|
| 30-year fixed rate | 20% down payment | 6.500% | 6.641% | $948 |
| 10% down payment | 6.625% | 6.767% | $960 | |
| 5% down payment | 6.750% | 6.893% | $973 | |
| 15-year fixed rate | 20% down payment | 6.250% | 6.481% | $1,286 |
| 10% down payment | 6.375% | 6.607% | $1,296 | |
| 5% down payment | 6.500% | 6.733% | $1,307 | |
| 10-year ARM rate | 10% down payment | 6.375% | 6.515% | $936 |
| 5% down payment | 6.625% | 6.767% | $960 | |
| 7-year ARM rate | 10% down payment | 6.250% | 6.389% | $924 |
| 5% down payment | 6.500% | 6.641% | $948 |
*The rates and monthly payments shown are based on a loan amount of $150,000 and does 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+. Effective March 2, 2020, unless otherwise disclosed to existing loan customers, all interest rate adjustments on ARM loans are based on the One Year Constant Maturity Index.
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.
Find Out How Much Home You Can Afford
Visit our Homebuyer’s Hub to make payment estimations with our calculators.
Mortgages for RCWs
Buying a home is a major life decision, and the process can be intimidating for both first-time and seasoned buyers alike. At LCEF, we’re here to support you at every stage, making your path to homeownership smoother and more manageable.
Home Equity Loans for RCWs
Financial flexibility is important at every stage of life. Home equity loans from LCEF offer RCWs access to the value built in their homes at competitive rates to help meet your financial goals.
Consolidation & Education Loans for RCWs
Managing debt can be overwhelming, especially when you’re focused on your ministry. LCEF invites RCWs to contact Lutheran Federal Credit Union (LutheranFCU) for consolidation loans tailored for LCMS ordained and commissioned workers. These loans simplify your finances by combining multiple debts into one manageable monthly payment, giving you the peace of mind to focus on your calling.
As a federally chartered credit union, LutheranFCU serves LCMS RCWs nationwide, providing trusted financial solutions wherever you are.
Join RCWs Like You
Rev. Matthew Wietfeldt
Assistant Vice President of Admissions and Director of Christ Academy | Concordia Theological Seminary, Fort Wayne
“LCEF made possible our dream of home ownership in these complicated times.”
Helpful Documents
Your Guide to Homeownership Starts Here
Ready to take the next step in your home-buying journey? Visit our Homebuyer’s Hub for expert tips, detailed loan information and inspiring stories from church workers who’ve achieved homeownership with LCEF. Whether you’re a first-time buyer or seasoned homeowner, the Homebuyer’s Hub has everything you need to make informed decisions and move forward with confidence.
While together LCEF and LFCU support the mission and ministry of The Lutheran Church—Missouri Synod, they are independent organizations and not affiliated with each other. Lutheran Federal Credit Union: 10733 Sunset Office Drive, Suite 406, St. Louis, MO 63127-1020. Phone number: 314-394-2790. Website: Lutheranfcu.org. (NMLS# 1301052).