Residential Property Investment | Redstone Federal Credit Union

Live Brighter®

and make the most of your investment

Investment Property Loans

Low home prices and interest rates create the ideal environment to become a real estate investor. A rental property can provide you with a steady income stream while allowing your investment to grow over time. Whether purchasing or refinancing, Redstone’s flexible options and outstanding service make it easier for you to dream big while investing in something real.

INVESTMENT PROPERTY LOANS

Borrow up to

$453,100

Buying in TN? Some counties are eligible for higher loan limits.
Click here for more details.

Finance up to

85%

of purchase price or appraised value, whichever is less.

Refinance up to

75%

Rate and Term

Cash Out

Buy

  • Conventional
  • First-time homebuyers
  • VA
  • USDA
  • Jumbo
  • Condominium 
  • Second Home
  • Investment Property
  • No Private Mortgage Insurance (PMI) 
  • Down Payment Assistance Programs

Refinance

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

Build

  • One-Time Close
  • Land Loan

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

Why choose Redstone for your Investment Property 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  Residential Mortgage 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. Must be RFCU® member to obtain mortgage. Must be eligible for membership and open a share savings account. A minimum balance of $5.00 is required to open and must 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. RFCU is an Equal Opportunity Lender. Contact Credit Union for details. Various types of mortgage loan programs and terms are available. Must create separate user name and password to gain access to application process. 

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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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