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Home Equity Loan and HELOC

Put your home's value to work for you

Sometimes things in life don't go exactly as planned. Have you been putting off that kitchen or bathroom remodel? Do the twins need braces? Has credit card debt started to consume more and more of your paycheck? If you have lived in your home for more than a few years, there's a good chance your home may have untapped equity. With an R-G Home Equity Loan or Home Equity Line of Credit (HELOC), you can put your home's value to work for you and make more of your dreams a reality. 


Common Uses for Home Equity Loans and HELOCs

  • Debt Consolidation
  • Weddings
  • Vacations
  • Adoptions
  • Home Improvements
  • Medical Procedures

If you are ready to use your home’s equity, consider the two options offered by R-G and start your application below.


Home Equity Line of Credit (HELOC)

Here’s how your R-G HELOC works: By borrowing up to 100% of the value of your home, you'll get a line of credit, which has a competitive variable interest rate, that you can draw on at any time. Our standard draw period is 10-years, and there's no annual fee, so as needs arise, you don't have to get approval for another loan, just take a draw when you need it. With a 15-year repayment period, you'll get an easy-to-manage monthly payment for the new line of credit without having to refinance the entire balance of your existing first mortgage. 

Don't have another mortgage? Even better. That just means you'll have more value available for your credit line. With a minimum initial draw of only $1000, and credit lines from $10,000 up to $150,000, we're confident we can put together a program that works for you, and because you're not doing a full refinance, we can often have the funds in your hands in as little as a few weeks.

Current Variable Rate Home Equity Line of Credit (HELOC) Rates
Term APR as low as
10 Yr Draw / 15 Yr Repayment 8.50%

APPLY ONLINE  FIND A BRANCH


Fixed Rate Home Equity Loan

Have a specific need but don't want or need a revolving line of credit? An R-G fixed rate second mortgage may be just the solution. Remodel that bathroom, pay off credit cards, or get the kitchen of your dreams with this low-cost loan. Our convenient fixed-rate second mortgage is available with terms up to 10-years, loan to value (LTV) up to 100% and amounts up to $50,000.  You'll continue to make the payment you make today, while making an affordable payment on the second loan knowing you only borrowed what you needed.

Current Fixed Home Equity Rates
Term APR* as low as
5-Yr - 100% LTV 8.40%
10-YR - 100% LTV ​8.50%
15-Yr - 100% LTV ​8.60%

Term, Max LTV, APR, and Amount of $5,000 - $125,000 based on credit worthiness. 1% Origination Fee charged on all 2nd Mortgages. Other fees may apply.

APPLY ONLINE  FIND A BRANCH


Who Can Apply for an R-G Federal Credit Union Home Equity Loan or HELOC?

As a credit union, R-G products and services are available to qualifying members. You don’t have to be a member to apply for a home equity loan or HELOC, but you will need to qualify for membership as part of the application process. Becoming a member of R-G is easy, as membership is open to persons who live, work, worship, or attend school located in the Missouri counties of Bates, Benton, Cass, Cedar, Henry, Hickory, Jackson, Johnson, Morgan, Pettis, St. Clair, and Vernon. If you are not sure if you meet the membership requirement, contact us and a real person will be happy to help.

We currently offer home loans anywhere in the state of Missouri and in the state of Kansas, within a 100-mile radius of Belton, MO.

All loans subject to credit approval; not all will qualify for the lowest available rate.  Terms and conditions apply. See credit union for details.

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