Mortgage & Loans

Today's Rates

For important loan information and rate disclosures, please click on the red APR rate.

¹Variable APR (Annual Percentage Rate) based on the Prime Rate as published in the Wall Street Journal (currently 8.50%). Rate is as of 10/17/2023. Rates are subject to change. Maximum APR is 18.00%. An initial draw of $25,000 is required to be made at closing and remain outstanding for 90-days. The initial draw excludes any payoff to an existing loan with Reading Cooperative Bank. Interest only payments for initial 10 years, with an additional 15 years payback of principal & interest. Maximum LTV is 80%. Rate and terms may vary based upon credit history. Not available for homes currently for sale or intended to be sold. Subject to credit approval. 1-4 family, owner occupied primary residences, and condominiums qualify. Property insurance required. Flood insurance may be required. Consult a tax advisor for information regarding the deductibility of interest and charges. To open, maintain and discharge a line of credit, you may have to pay certain fees. These fees generally total between $145.00 and $950.00. During the life of the program, you will be assessed an annual fee of $50.00 on the anniversary date of the loan. An early termination fee of $500.00 applies for lines closed within thirty-six (36) months from date of closing.

²For loan amounts up to $100,000, your debt to income ratio cannot exceed 45%, and you will need a minimum mid Fico Score of 620.

³For loan amounts more than $100,000 and up to $250,000, your debt to income ration cannot exceed 40%, and you will need a minimum mid Fico Score of 680.

⁴Depending on your loan to value, debit to income ratio, and credit score, you may qualify for a higher loan amount. Please speak to a loan officer for more details.

¹APR (Annual Percentage Rate) - is the annual rate that is charged for borrowing, expressed as a single percentage number that represents the actual yearly costs of funds over the term of the loan. This includes any fees or additional costs associated with the transaction.

²For loan amounts up to $100,000, your debt to income ratio cannot exceed 45%, and you will need a minimum mid Fico Score of 620.

³For loan amounts more than $100,000 and up to $250,000, your debt to income ration cannot exceed 40%, and you will need a minimum mid Fico Score of 680.

⁴Depending on your loan to value, debit to income ratio, and credit score, you may qualify for a higher loan amount. Please speak to a loan officer for more details.

Rates and terms are effective as of 11/01/2023 and are subject to change at any time without notice.

Auto Loans - New¹ or Used²

New Cars With Model Year 2023
 

*APR = Annual Percentage Rate

¹New vehicles - maximum of 95% of Purchase Price (must have less than 6,000 miles and be titled). Loans up to $50,000, max term 6 years for new cars (2023 model year). 
²Used vehicles - maximum of 80% of Purchase Price or NADA blue book value, whichever is less (autos with model years not older than 5 years - currently 2018). 
³Loan is fully amortizing. 
⁴Minimum Loan Amount $500. Maximum loan amount $10,000. 
⁵Finance up to 95% of Account Balance - Account must be at RCB.

Rates and terms are effective as of 10/17/2023 and are subject to change at any time without notice.