VA Loans | Personal | Redstone Federal Credit Union

Live Brighter®

in the home of the brave

VA Loans

At Redstone, we proudly support service members who have sacrificed for our country. Along with down payment assistance programs and customized financial counseling, we offer VA Loans that help you maximize your budget.

As a veteran, you know the importance of home better than anyone. It’s our honor to help you pursue your dream of homeownership.

VA LOAN

Borrow up to

$453,100

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

Finance up to

100%

of purchase price or appraised value, whichever is less.

Refinance up to

100%

of appraised value.

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

Features:

  • No Private Mortgage Insurance premiums (PMI)
  • Rates that are often lower than conventional loans
  • No down payment
  • Down payment assistance 

VA Loans are available to veterans, active duty military personnel, certain members of the National Guard and reserves, and surviving spouses. Contact a member of our Mortgage Team to find out if you qualify and to learn more about VA Loan requirements.



Featured Rates:

Interest rate as low as:APR as low as:
15 Year Fixed VA Loan3.375%3.866%
30 Year Fixed VA Loan3.625%3.901%

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

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.

Local servicing

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

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.

The actual interest rate and fees available to you will be based on your credit history and may be different than the rates displayed here. The rates listed above, do not take into consideration any possible adjustments based on changes to any of the loan parameters including loan-to-value (LTV), occupancy, loan amount, repayment feature, loan amount or loan term. Your rate may be different if there is subordinate financing or when loan parameters do not meet secondary market requirements.

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. 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. VA Funding fee may be required. VA Approved Lender. Redstone Federal Credit Union® is not affiliated with any government agencies, including the VA. The VA and Redstone Federal Credit Union are separate entities. A typical purchase transaction example for 30 Year/15 Year VA Loans:
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $102,150 and a purchase price of $100,000 (assumes a 0% down payment). For a 30-Year Fixed Rate VA Loan, with a $2,150 financed VA Funding Fee, at 3.750% with zero discount points, the APR is 4.019%. The monthly payment schedule would be 359 payments at $473.07 and 1 final payment of $474.75. For a 15-Year Fixed Rate VA Loan, with a $2,150 financed VA Funding Fee, at 3.250% with zero discount points, the APR is 3.733%. The monthly payment schedule would be 179 payments at $717.78 and 1 final payment of $716.96. An escrow (impound) account is required and thus the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

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FEATURED RATES

Balance transfer0% APR for 12 mos

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30-year fixed mortgage low 3.375% / 3.501%

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New auto loans as low as 2.35%

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Personal loans as low as 9.99% APR

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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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