Save with Redstone when refinancing your home

Competitive Rates | Member Discounts | Local Servicing

Apply Today

Save with Redstone when refinancing your home

Competitive Rates | Member Discounts | Local Servicing

Apply Today

Refinance a Home

Want to save on your monthly payments? Refinancing is a great way to take advantage of lower market rates and improve your financial management. If you want to pay down other debts or use your home’s equity for improvements, talk to our team about our Cash Out options.

Call 256.882.8500 to schedule an appointment, and find out which home loan option may be right for you. Prefer to work with a specific member of our team? Get started on our Mortgage Team Page.

Featured Rates

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Which is Right for You?

Rate-and-Term Refinance

Best for members who want to exchange their current home loan to get a lower interest rate or change the terms.

Fixed Rate Mortgages

Rate remains fixed for the life of the loan
Consistent payment amount
Rates may be higher than with Adjustable Rate Mortgages
This option may be right for you if you've got a great rate you want to lock in for a long period of time, or if you want the stability of a fixed rate

Adjustable Rate Mortgages

Rate remains fixed for a certain amount of time (1-10 ARM)
When that time period is over, the rate will fluctuate either up or down based on market conditions
There are limits, or caps, on how much the rate can increase or decrease
This option may be right for you if you are planning to sell, pay off, or refinance before your rate adjusts

Cash-Out Loan

Best for members who want to get cash based on the equity in their home, by either refinancing or using the home as collateral.

Cash-Out Refinance

Shorten your loan term, change your loan program, or secure a lower interest rate
Use your mortgage to gain access to cash based on the equity in your home
Payoff your current mortgage and enter into a new one
Take advantage of tax deductions when making home improvements

Home Equity Loan

Loan proceeds are a one-time lump sum
Rate remains fixed for the life of the loan
Consistent payment amount
Primary and secondary residences eligible
Investment/Rental properties not eligible

Why Choose Redstone for Your Home Loan?

Competitive Rates & Closing Costs

When your 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.

Ready to apply for a Home Loan? It's easy!

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 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.

VA Funding fee may be required. VA Approved Lender. Redstone Federal Credit Union^® is not affiliated with any government agencies, including the VA.

¹Local loan servicing may not be available on USDA, FHA, and 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. RFCU is not affiliated with any government agencies, including U.S. Department of Agriculture (USDA) and Veteran’s Administration (VA). The USDA, VA, FHA, and RFCU are separate entities. RFCU is a VA-approved lender.