Routing# 262275835
Local Home Loans
Local Servicing | Local Expertise
For more than 65 years we’ve helped thousands of people just like you realize their dreams of home-ownership, and we understand the challenges and joys that come with buying a home – whether it’s your first home, second home or investment property. You can rely on Redstone Federal Credit Union® to guide you through every step of the home-buying process, from getting pre-approved to planning your move.
Prefer to work with a specific member of our team? Get started on our Mortgage Team Page.
Compare some of our most popular mortgage options below.
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Mortgage Types |
Great Option |
Benefits & Features |
|---|---|---|
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Conventional Fixed-Rate Loans |
If you are buying a home that you plan to live in long term or like the predictability of a fixed rate |
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First-Time Homebuyer |
If you are a first-time homebuyer looking for easier qualifications and a no down payment option |
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Adjustable-Rate Mortgage (ARM) |
If you are planning to move in the next 5-7 years |
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When you choose Redstone, you get great rates, flexible terms, and low closing costs.
Our Mortgage Team has years of experience and knows the real estate industry inside and out. Meet the Mortgage Team
From monthly payments to escrow and insurance, Redstone services nearly every mortgage we make.
*Offer valid from April 5, 2022 - June 30, 2022. Excludes Fixed-Rate Home Equity Loans. Loans subject to credit approval. Membership eligibility, other fees and restrictions apply. Rates, terms, and conditions are subject to change without notice. Contact Credit Union for details. Must create separate username and password to gain access to the mortgage application process. Typical payment example: A 30-year mortgage for $200,000 with a 4.654% APR and fixed monthly payment of $1,028.28 with an 80% LTV. Payment example does not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater.
**The $898 savings is a lender credit toward RFCU’s origination fee of $899. The mortgage loan application must be submitted by June 30, 2022 and the loan must close by September 30, 2022. Member will receive the lender credit on the closing disclosure as a specific lender credit.
***Local loan servicing may not be available on VA loans. RFCU is not affiliated with any government agencies, including Veteran’s Administration (VA). The VA and RFCU are separate entities. RFCU is a VA-approved lender. Applicants will need to provide a Certificate of Eligibility (COE). The COE verifies to the lender that you are eligible for a VA-backed loan. See https://www.va.gov/housing-assistance/home-loans/how-to-request-coe/ for details. VA funding fee applies.
Mortgages are only available for properties located in Alabama and Tennessee.
Loans subject to credit approval. Must be eligible for membership and open a share savings account to obtain a mortgage loan product. A $5 minimum balance is required to open a share savings account and must be maintained in the share savings account at all times. Annual Percentage Rate (APRs) are determined by an evaluation of applicant credit at account opening. Your APR may be different. Variable rates are subject to change after consummation of the loan. Fixed APRs are fixed for the life of the loan. Other restrictions may apply. Rates, terms, and conditions are subject to change without notice. RFCU is an Equal Opportunity Lender. Contact Credit Union for details. Various types of mortgage loan programs and terms are available. Must have online banking user name and PIN/password to access online application for Home Equity Lines of Credit. Must create separate user name and password to gain access to mortgage application process.
1The interest on the portion of the credit extension that is greater than the fair market value of the house is not tax deductible for federal income tax purposes. Redstone Federal Credit Union® does not provide tax advice. Please consult a tax adviser for further information regarding the deductibility of interest and charges.
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.