Buy a Home



For a limited time only, save up to $500 off origination fees
when you finance your new home with a Redstone mortgage and close your loan with Redstone Title Services.



For more than 65 years we’ve helped thousands of people just like you realize their dreams of home-ownership, and we understand the challenges and joys that come with buying a home – whether it’s your first home, second home or investment property. You can rely on Redstone Federal Credit Union® to guide you through every step of the home-buying process, from getting pre-approved to planning your move.

Featured Rates

       
Click to Get Your Personalized Quote   Click to Start Your Application
Prefer to work with a specific member of our team?  Get started on our Mortgage Team Page.

 
Which Is Right for You?

Compare some of our most popular mortgage options below.

Mortgage TypesGreat OptionBenefits & Features
Conventional Fixed-Rate LoansIf you are buying a home that you plan to live in long term or like the predictability of a fixed rate
  • Down payment as low as 3% of purchase price
  • Rate remains the same over the life of the loan
  • Consistent monthly payments
First Time HomebuyerIf you are a first time homebuyer looking for easier qualifications and a low down payment option
  • Finance up to 105%2
  • Save money with our no PMI option
  • Ask about our down payment assistance programs and FHA loans
VA Home Loan1For qualified military members and veterans wanting little or no down payment
  • Up to 100% financing
  • VA loan interest rates are typically lower than conventional loans
  • No mortgage insurance (MI) required
Adjustable-Rate Mortgage (ARM)If you are planning to move in the next 5-7 years
  • Down payment as low as 5% of purchase price
  • Enjoy low, initial fixed interest rates
  • Jumbo and refinance options available
USDA Loan1If you are looking to own a home in a designated USDA area, but have limited funds for a down payment
  • Finance up to 100%
  • Lower fixed interest rates
  • Flexible qualification guidelines
  • Typically lower mortgage insurance (MI)

Why choose Redstone? 

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. Meet the Mortgage Team

Local servicing

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

Ready to apply for a Home 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

*Offer valid on purchase transactions only. Excludes refinancing of existing mortgages or construction-to-permanent loans. Offer valid on applications received September 1, 2019 – December 30, 2019, save up to $500 when you closed your RFCU® mortgage loan with Redstone Title Services (RTS). Incentive based on mortgage loan amount. For example, for a loan of $150,000 the origination fee is $750 (.5% of loan amount), with RTS the origination fee is $250. No origination fees for mortgage loans less than $100,000. Must provide sales contract by December 30, 2019. Incentive does not apply to other title services. Cannot be redeemed for cash or used in conjunction with any other offer.

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

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 a share savings account and must be maintained in the share savings account at all times. Annual Percentage Rate (APRs) are determined by an evaluation of applicant credit. 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. 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 mortgage application process.

1Local loan servicing may not be available on USDA, FHA, and VA loans. RFCU is not affiliated with any government agencies, including U.S. Department of Agriculture (USDA) and U.S Department of Veterans Affairs. VA Applicants will need to provide a Certificate of Eligibility (COE). The COE verifies to the lender that you are eligible for a VA-backed loan. See https://www.benefits.va.gov/homeloans/purchaseco_certificate.asp for details. The USDA, VA, FHA, and RFCU are separate entities. RFCU is a VA-approved lender.

2The interest on the portion of the credit extension that is greater than the fair market value of the house is not tax deductible for federal income tax purposes. Redstone Federal Credit Union® does not provide tax advice. Please consult a tax adviser for further information regarding the deductibility of interest and charges.

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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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