Make Your Next Move with a Redstone Home Loan

Refinance a Home

Want to save on your monthly payments? Refinancing is a great way take advantage of lower market rates and improve your financial management. If you want to pay down other debts or use your home’s equity for improvements, talk to our team about our Cash Out options.

Click or call 256.882.8500 to schedule an appointment, and find which home loan option may be right for you. Prefer to work with a specific member of our team?  Get started on our Mortgage Team Page.

Featured Rates

       

 
Which is Right for You?

Fixed Rate Mortgages

  • Rate remains fixed for the life of the loan
  • Consistent payment amount
  • Interest rates may be higher than with Adjustable Rate Mortgages
  • This option may be right for you if you've got a great rate you want to lock in for a long period of time, or if you want the stability of a fised rate

Adjustable Rate Mortgages

  • Rate remains fixed for a certain amount of time (1-10 ARM)
  • When that time period is over, the rate will fluctuate either up or down based on market conditions
  • There are limits, or caps, on how much the rate can increase or decrease
  • This option may be right for you if you are planning to sell, pay off, or refinance before your rate adjusts

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. Meet the Mortgage Team

Local servicing

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

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

Home Equity Line of Credit

Borrow up to

$150,000

Minimum loan amount $10,000.

Finance up to

100%

of the appraised value of your home

APR as low as

4.625%

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

Convenience

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

Security

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

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 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.

VA Funding fee may be required. VA Approved Lender. Redstone Federal Credit Union® is not affiliated with any government agencies, including the VA.

1Local loan servicing may not be available on some loans.

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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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