USDA Loans

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USDA Loan Eligibility

At Redstone, you and the property you want may qualify for a USDA loan. With flexible credit requirements and no down payment, this mortgage could be the perfect fit.


Borrow up to


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

Finance up to


of purchase price or appraised value, whichever is less.

Refinance up to


of appraised value.


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


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


  • One-Time Close
  • Land Loan

Program Details:

  • Homes must be located in USDA defined rural area
  • Income restrictions (you can earn too much to qualify)
  • Must be your primary residence
  • No down payment
  • Flexible credit score requirements

USDA loans are available to individuals of modest means who are buying homes in rural areas. While property eligibility is determined by the USDA, many neighborhoods and communities meet the requirements. Contact a member of our Mortgage Team to find out if your dream home is in just the right spot.

Personalized Rate Quote. Contact a RFCU® mortgage professional to learn more.

Local servicing

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

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

Mortgages are only available for properties located in Alabama and Tennessee.

Loans subject to credit approval. Must be eligible for membership and open a savings account to obtain a mortgage loan product. A $5 minimum balance is required to open and be maintained in the savings account at all times. Fees and other restrictions may apply. Annual Percentage Rate (APRs) are determined by an evaluation of applicant credit at account opening. Fixed APRs are fixed for the life of the loan and adjustable rates are subject to change after consummation. 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. USDA Funding fee may be required.

Rates current as of September 1, 2018.

A typical purchase transaction example for 30 Year RD Loans:
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $101,010 (financing the upfront guarantee fee) and a purchase price of $100,000 (assumes a 0% down payment). The property is located in AL and is within Madison County. The property is an existing single family home and will be used as a primary residence. The rate lock period is 45 days and the assumed credit score is 750. For a 30-Year Fixed Rate RD Loan, with a $1,010 financed Guarantee Fee, at 4.500% with zero discount points, the APR is 5.094%. The monthly payment schedule would be 359 payments at $511.80 and 1 final payment of $514.01. An escrow (impound) account is required and thus the actual monthly payment will also include amounts for real estate taxes, homeowner's insurance, and the RD annual guarantee fee. RFCU® is NOT affiliated with any government agencies, including RD.

USDA Approved Lender. Redstone Federal Credit Union® is not affiliated with any government agencies, including the USDA. The USDA and Redstone Federal Credit Union are separate entities.

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