Easy Home Equity Loans

You've worked hard to build equity in your home.
We can help you put it to good use.

Whether you want a fixed rate home equity loan, a flexible HELOC, or the best of both loans with our HybridHELOCk, we'll turn your equity into cash.

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Get the best of both worlds.

Homeowners can use the hybrid option to freeze or lock their HELOC rate to keep their payments steady and to protect themselves if rates rise.

Now you don't have to choose between the flexibility of a HELOC or the steady payments of a fixed rate loan. You can have both with our new HybridHELOCk.

The HybridHELOCk option lets you use our regular Home Equity Line of Credit, and then lock in your rate at any time.

You can see more about what it is and how it works at hybridhelock.com.

RVCCU HybridHELOCk logo tagline: The best of both worlds.

Home Equity Line of Credit

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A flexible way to keep your options open.

A flexible line of credit is a great way to use your equity for whatever needs might come up, and now is the perfect time to get one here at RVCCU.

We are currently offering a very low introductory rate and a special payment offer.

Why choose our EasyEquity Line of Credit?

  • Flexibility makes borrowing easy.
    The Home Equity Line of Credit (HELOC) lets you borrow money as you need it. You won't need to apply and go through closing process each time.
  • The rate is low.
    The variable interest rate is based on the Prime Rate, which is still low right now.
    And we are currently offering an even lower 12-month introductory rate.
  • You can lock your rate.
    Keep your payments steady and protected from rising rates. Our HybridHELOCk option will allow you to convert a part or all of your loan to a fixed-rate.
  • You'll get help with the closing costs.
    We've got you covered, up to $750.
  • We'll reward your loyalty.
    We appreciate your business and we'll show it by paying you a $500 Member Loyalty Reward when you keep your loan in good standing for 36 months.
  • Borrow as little or as much as you need.
    Our loans have a low minimum of $5,000, or you can go as high as 80% of your home's Loan to Value.
  • It's convenient.
    You can access your loan through eValley, your free convenience checks, by phone, or by stopping by a branch.
  • The interest paid may be tax deductible.
    Many borrowers are able to claim this deduction, but you'll need to consult a tax advisor to determine if you are eligible.

Home Equity Loan

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A one-time loan for people with a plan.

If you have a single project or need and won't need to borrow more money, our Home Equity Loan may be the right option for you.

Why is our EasyEquity Loan the right choice?

  • One loan and one rate keep things simple.
    The fixed-rate Home Equity Loan is a one-time loan that you repay over a set time period. And your rate won't change during your repayment period, even if the market range changes.
  • We help with your closing costs.
    We'll cover them up to $750.
  • We'll reward you.
    We appreciate your business and we'll show it by paying you a $500 Member Loyalty Reward when you keep your loan in good standing for 36 months.
  • Borrow as little or as much as you need.
    Our loans have a low minimum of $5,000, or you may be able to go as high as 80% of your home's Loan to Value.
  • The interest paid may be tax deductible.
    Many borrowers are able to claim this deduction, but you'll need to consult a tax advisor to determine if you are eligible.

Additional Information

Loan offers are subject to credit approval and restrictions may apply. Our Financial Service Representatives can give you more details and answer any questions you may have.

RVCCU will cover up to $750 of the closing costs associated with the loan, including a $500 Origination Fee. The Origination Fee will be refunded to you after keeping your loan active and in good standing for 36 months. Other closings costs include an Appraisal, Attorney Document Preparation, Flood Certification, and Recording Costs. Total closing costs will vary but will typically be at least $1,250. You will be responsible for all closing costs above $750. Property Insurance is required. Flood Insurance may be required.

We are an Equal Housing Lender. View information about the Secure and Fair Enforcement for Mortgage Licensing Act and our HMDA Disclosure.