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SAY YES WITH NO CLOSING COSTS

Get Home Equity Financing Without Closing Costs1

Whatever your goals, you can reach them! Pay no closing costs for a limited time. Red Rocks offers flexible borrowing options – get a lump sum or line of credit and use the funds for your specific goals. Home improvements, education, debt consolidation – whatever your needs, a home equity loan or line of credit can help! Hurry this offer ends October 31st, 2019! Use promo code HEFALL19

1Based on approved credit. Offer valid on new Home Equity Loans and Lines of Credit only. Each home equity loan or lines of credit closed during the promotional period will pay no closing costs. Appraisal and title fees do not apply to the no closing costs offer. To qualify for the offer, applications must be completed no later than October 31st, 2019 and loans must close no later than November 15th, 2019. To obtain a Red Rocks loan, you must have or open a Red Rocks Credit Union membership and maintain a minimum savings account balance of $5. Minimum loan amount of $25,000 required for fixed-rate home equity loan. Minimum advance amount of $10,000 required for HELOC. If balance of $10,000 isn’t maintained for 90 days after the day the loan is dispersed on your Home Equity Line of Credit, $100 will be charged to your line of credit and interest will accrue on that amount. To take advantage of this offer, member must mention promotion code HEFALL19 to a Red Rocks representative or enter it in the promotion code section of the online application.  

Your home is your largest asset. With a home equity loan or home equity line of credit, you can put that asset to work for you! A home equity loan or line of credit allows you to use your home’s equity as collateral for a loan.

You can use home equity credit financing for any purpose, including:

  • Consolidating your debt
  • Making improvements and repairs to your home
  • Buying another car so you can get rid of your old clunker
  • Paying for education expenses
  • Paying unexpected bills – the ones that creep up on you while you’re not looking
  • Paying medical bills
  • Purchasing new furniture

No matter what type of home equity loan or home equity credit lines you’re looking for, we can take care of you.

Flexible borrowing starts here! A line of credit works like a credit card: you’re authorized to borrow up to a certain amount so you can access the funds you need, whenever you need them. Use the money to remodel your home, take an amazing trip, or simply to cover additional expenses when needed.

  • Variable rate
  • Minimum loan amount of $10,000
  • Borrow up to 89.9% of the value in your home
  • Interest accrues on balance advanced, payment is 1% of balance owed
  • Flexibility to use whatever funds you need, when you need them

Apply now

For any Red Rocks loan, you must have a membership with Red Rocks Credit Union and maintain a minimum savings account balance of $5.

Current Rates

Loan-to-valueAPR**
*Annual Percentage Rate (APR) for the HELOC product is accurate as of publication date and is subject to change. Published rates are based on approved credit and combined loan-to-value and adjust monthly based on the highest Prime Rate as published in the Money Rates Section of the Wall Street Journal in effect on the 25th of each month of each year. To determine the APR that will apply to your line of credit, we add a margin to the value of the index.
Up to 89.9% LTV5.00%

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