Home Loans

Fixed Rate Mortgage

Best For

Redstone's basic mortgage is still one of our most requested.

Benefits

  • Competitive rates
  • Easy to apply
  • Fixed rate

Adjustable Rate Mortgage

Best For

Plans to move soon or want to pay off the mortgage early? This mortgage might be the one for you.

Benefits

  • Rate is fixed for a certain time, then gets adjusted
  • Several options available
  • Easy to apply
  • Variable rate

First-Time Home Buyer

Best For

Members looking to finance their first home.

Benefits

  • Local servicing
  • Payment assistance available
  • Fixed or variable rates

Combination Mortgages

Best For

Members wanting down payment flexibility.

Benefits

  • Finance 80% as first mortgage
  • Put down 10% or 5 %
  • Finance 10% or 15% as second mortgage
  • Fixed or variable rate

Residential Investment Mortgages

Best For

If you are planning to purchase or refinance a non-owner occupied one-to-four family residence.

Benefits

  • Fixed Rate terms available
  • Maximum loan amount of $417,000
  • Finance up to 85% of the lesser of purchase price or appraised value
  • Finance up to 75% on a refinance (Limited Cash Out)

Second Home Loan

Best For

Members who want to purchase a vacation home.

Benefits

  • Local servicing
  • Finance up to 90%
  • Purchase and cash-out options available
  • Fixed or variable rates

Construction/Permanent Mortgage

Best For

Great loan for members building custom homes.

Benefits

  • Max financing is 95% of the acquisition cost
  • One time closing cost
  • Easy to apply
  • Fixed rate

Land Loan

Best For

Perfect loan for purchasing property.

Benefits

  • Competitive rates
  • Works great with the Construction/Permanent Mortgage
  • Easy to apply
  • Fixed rate

Home Equity Line of Credit

Best For

A line of credit that's based on the equity in your home.

Benefits

  • Finance up to 100%
  • No annual or appraisal fees
  • No closing cost
  • Variable rate

Home Affordable Refinance Program (HARP)

Best For

Homeowners with Fannie Mae loans, previously unable to obtain a traditional refinance because the value of the home has declined.

Benefits

  • Local servicing
  • Easy online application
  • Special program for those unable to get traditional refinancing
  • Fixed or variable rate

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 savings account. 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 Credit 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.

Apply for a Mortgage Today

It's easy to apply online!

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Or meet the members of our dedicated team of Mortgage Loan Originators.

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Trusted Advice

What do you need to know when buying a new house? Get trusted advice on this big investment.

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Tired of Your House?

Now may be the time to sell your existing home and buy your dream home. Download the guide for more info.

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Need Home Insurance?

Redstone members can get special savings on home insurance.

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Have Questions about Mortgages?

View the Mortgage Center, contact us online, or call us at:

256-882-8500 (Huntsville area)
800-234-1234 x8500 (toll free)
Monday - Friday: 9 a.m. – 5 p.m.