Land Loans | Personal | Redstone Federal Credit Union

Live Brighter®

on land made just for you

Land Loans

From the perfect lot to acres of hunting ground, our land loans help you stake your claim. You’ll get great rates and no annual maintenance fees. And, you can even use equity in land you already own to purchase more or pay for other projects. 


Borrow up to


Finance up to


of purchase price or appraised value, whichever is less

Refinance up to


of appraised value.

No annual maintenance fees


  • Lower Rate or Term
  • Cash Out
  • VA
  • Home Improvement
  • Home Equity


  • One-Time Close
  • Land Loan


  • No annual maintenance fees
  • Qualifies you for One- Time Close Building Loan discounts if closed within 2 years of purchase and is on the same property.
  • Does not require a home to be built

Estimate your closing costs, explore rates and terms, and calculate monthly payments.
Get started with your personalized rate quote.

Why choose Redstone for your Home Loan? 

Competitive rates and closing costs

When you choose Redstone, you get great rates, flexible terms, and low closing costs.

Team of experts

Our Mortgage Team has years of experience and knows the real estate industry inside and out.

Local servicing

From monthly payments to escrow and insurance, Redstone services nearly every mortgage we make.

Ready to apply for a Land Loan? It’s easy!

Home Equity Line of Credit

Borrow up to


Minimum loan amount $10,000.

Finance up to


of the appraised value of your home

APR as low as


Key Features

  • Variable rate, tied to Prime.
  • Borrow funds as needed. Advance through online banking or access with your HELOC Visa credit card.
  • Payments are due on the 15th of every month.
  • Minimum monthly payment is 1.5% of outstanding balance or $100.00, whichever is greater.
  • May be eligible for tax benefits on interest (check with your tax advisor).
  • No annual fee, no appraisal fee, no closing costs.

Ready to apply for a Home Equity Line of Credit? It’s easy!

EVERY Redstone Visa credit card includes all of these features


Quick and easy purchases 

Visa is accepted all over the world

Warranty Manager Service: additional product registration to extend the manufacturer's original warranty on products you buy


Zero-liability fraud protection

Monitor credit card activity with Credit Card Control

Real-time fraud monitoring and fraud text alerts

Identity theft assistance

Savings & Discounts

With Visa SavingsEdge®, you’ll receive discounts at select retailers when you use your Visa credit card.

Redstone Discounts!® when you use your card at many local businesses.

Additional Benefits    

Travel and Emergency Assistance

24-hour Roadside Dispatch service

Auto Rental Collision Damage Waiver insurance coverage for cars rented with your Visa card

Warranty Manager Service manage, use, and extend the warranties of eligible items purchased with your Visa card

Land loans are only available for properties located in Alabama and Tennessee.

Must be an RFCU® member to obtain a loan. Must be eligible for membership and open a share savings account.  A minimum balance of $5.00 is required to open and be maintained in share savings account at all times.  Fees and other restrictions may apply.   All loans subject to credit approval.  Rates, terms, and conditions are subject to change without notice.  Other restrictions may apply.  RFCU is an Equal Opportunity Lender..  Rates are determined by an evaluation of applicant credit at account opening. Fixed rates remain fixed for the life of the loan and adjustable rates are subject to change after consummation. Various Mortgage programs and terms are available. Must create separate user name and password to gain access to mortgage application process.

Rates current as of September 1, 2018.

A typical purchase transaction example for 10 Year Land mortgages:
The information provided assumes a loan amount of $90,000 and a purchase price of $120,000 (assumes a 25% down payment). The rate lock period is 45 days and the assumed credit score is 750. For a 10-year Fixed Rate Land Loan at 5.875% with zero discount points, the APR is 6.209%.  The monthly payment schedule would be 119 payments of $993.54 and 1 final payment of $994.19. An escrow (impound) account is not required.

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Join The Redstone Family Today

Are you ready to join the credit union that puts you first? Become a member of the Redstone family and you’ll start enjoying the great rates, personalized financial advice, and excellent customer service Redstone is known for.

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