Mortgages are only available for properties located in Alabama and Tennessee.
All mortgage loans are subject to credit approval. You must be an RFCU member to obtain a mortgage loan. Various types of mortgage loan programs and terms are available. Must have online banking user name and password to access online application. Redstone Federal Credit Union is an Equal Credit Opportunity Lender. Other restrictions may apply.
The minimum Annual Percentage Rate (APR) is 4.25% and may vary. However, your initial APR is based on an evaluation of your credit at account opening and may be different. The maximum APR is 18% or the maximum allowed by law, whichever is less. $10,000 to $150,000 equity lines up to 100% of Total Loan-To-Value (TLTV) for owner occupied property or 75% of TLTV for non-owner occupied. No advances are allowed under your Home Equity Line of Credit after 15 years (for owner-occupied property) or 12 years (for non-owner occupied property). RFCU pays closing costs. Property insurance is required.
For Visa HELOC credit card, the minimum transaction amount allowed at any one time is $1.00, up to the approved maximum credit limit, but no more than $30,000 in any given day.ATM transaction limits apply and may vary. Individual institutions set their own ATM transaction limits. Credit card purchases are considered advances from your Home Equity Line of Credit and are subject to the terms and conditions of your Home Equity Line of Credit Agreement and Disclosure Statement and the HELOC Visa Credit Card Opt-In/Op-Out Addendum. Certain fees may apply, see these documents for additional detail.
*Redstone Discounts! and Visa Discounts are provided by participating merchants. Must use RFCU credit card to receive discount. RFCU does not warrant, guarantee, or insure any product, purchase, or service offered by participating merchants.
**Benefits offered by Visa USA. Redstone Federal Credit Union (RFCU) does not warrant, guarantee, or insure any service or product offered by Visa. RFCU and the Visa Corporation are separate entities. Certain terms, conditions, and exclusions may apply. In order for coverage to apply you must use your covered Visa card to secure transactions. Please refer to your Guide to Benefits for further details. Visa's Zero Liability policy covers U.S.–issued cards only and does not apply to ATM transactions, PIN transactions not processed by Visa, or certain commercial card transactions. You must notify Redstone Federal Credit Union immediately of any unauthorized use. Consult issuer for additional details or visit www.visa.com/security.
***Extended Service Agreements are offered through a third-party administrator, and may not be available in all states. Terms and conditions may vary by product type. Call 1-800-882-8057 for details regarding specific products.