Ready to buy your dream home, but unsure which home loan is right for you? A conventional loan is a great option if you have a solid credit score and little debt.
Unlike government-backed loans, conventional loans offer more flexible terms and fewer restrictions. Plus, conventional loans may offer lower interest rates and APR than other mortgage loans. In fact, some first-time homebuyers may find that a conventional loan provides more cost savings than an FHA loan.
Let our mortgage experts help you navigate the home buying process to find a solution to best fit your needs.
Get Pre-Approved Get Your Personalized Quote
Benefits of a Conventional Mortgage
Lower down payment minimum – Down payment options as low as 3%
*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.
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 and must be maintained in the share savings account at all times. Other restrictions may apply. Rates, terms, and conditions are subject to change without notice. Contact Redstone Federal Credit Union® (RFCU®) for details. Various types of mortgage loan programs and terms are available. Must create separate username and password to gain access to the mortgage application process.
Mortgages are only available for properties located in Alabama and Tennessee.
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.