Home Equity Loans

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For a limited time! No Closing Costs on Home Equity Loans and Lines of Credit!* 

From now until January 31, 2017 take advantage of our special No Closing Costs offer!* Offer applies on Home Equity Loans and Lines of Credit. For more information on these types of loans, refer to the descriptions below.

*Based 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 January 31, 2017 and loans must close no later than February 15, 2017. 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 HEWINTER16 to a Red Rocks representative or enter it in the promotion code section of the online application. 

 


Do you need money for home improvements or debt consolidation? Maybe you need cash to buy that new sofa you've had your eye on for a while. You might even want money to take that dream vacation to Cancun. If this describes you, consider applying for a home equity loan with our company. You can even apply for home equity lines of credit.

When you receive home equity credit financing, you use your home's equity as collateral for a loan. No matter what type of home equity loan or home equity credit lines you're looking for, we can take care of you. Apply today and you can get cash from your home's equity for any type of financial need. Just look at what you can do with a home equity loan.

  • Consolidate your debt
  • Make improvements and repairs to your home
  • Buy another car so can get rid of your old clunker
  • Pay for education expenses
  • Pay unexpected bills - the ones that creep up on you while you're not looking
  • Pay medical bills
  • Purchase new furniture

Home Equity Loans & Lines of Credit

Flexible Home Equity Line of Credit (HELOC) with a Fixed-Rate Option

Get rates as low as 4.50% APR*

Put the equity in your home to work with a Flexible Home Equity Line of Credit (HELOC) featuring a fixed-rate lock on a portion or all of your balance when you need it — all in one loan.

Even if you don’t need a fixed-rate portion right away, you can choose to use it later when you want to buy a car, pay tuition and even go on a vacation. And you don’t need to reapply — just call a Red Rocks Service Officer, and we’ll advance you your fixed-rate portion quickly and easily.

Apply Now 

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Home Equity Loan (2nd Fixed-Rate Mortgage)

Get rates as low as 4.99% APR**

Take a one-time draw on the equity you have in your home for your large expenses. You can borrow up to 89.9% of your home’s value upon qualification, and the interest you pay may be tax deductible (please consult your tax advisor for details).

Apply Now 

Home Equity Loan (30-Due-in-7 2nd Fixed-Rate Mortgage)

Get rates as low as 5.49% APR**

This product provides a lower payment option, while maintaining the benefits of a fixed rate. Payments are fully amortized over 30 years, with a balloon payment due after 7 years that can be paid in full or refinanced subject to credit approval.

 Apply Now

*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.

** Annual Percentage Rate (APR) for Fixed-Rate products are accurate as of publication date and are subject to change. Published rates are based on approved credit and combined loan-to-value of your home. A combined loan-to-value below 75% is eligible to receive the 4.99% rate.


What You Should Know About Home Equity Loans

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Red Rocks Instituion ID- 412773