Save money and have more time for the things you enjoy in life. Finance your home with an affordable loan from a lender you can trust.
- Ask about our 5.375% Fixed Rate (5.574% APR)
- Additional First Mortgage Products: Fixed Mortgage Rates
| For the first 10 years, Member may make interest-only payments. Thereafter, payments are fully amortizing and adjusted with each annual interest rate adjustment. Owner-occupied, 1-4 unit single family residences. For Conforming loans, 1-unit second homes and 1-2 unit investment properties are also allowed. For Conforming loans: 95% purchase/no cash-out refi's and 90% cash-out refinances are allowed on 1-unit, owner occupied and second home properties. For Jumbo loans: 90% purchases to $650,000 and 80% purchases to $1 million; 70% cash-out refinances to $1 million. Not available for Super Jumbos. |
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APR=Annual Percentage Rate
All RESET products offer 30 Year terms; the 5/1 Reset for conforming loans is also offered at a 15 Year term.
Interest Rate Locks: The above ARM & RESET loans are locked in for 45 days from date application is received.
90 Day Rate Locks Available - .250% loan discount fee required up front - non-refundable.
Minimum Loan Amount for No Fee option is $150,000
On No Fee loans, Member pays normal prepaids and reserves, but lender fees are reduced - see Good Faith Estimates for details.
**APR=Annual Percentage Rate. APRs are based on a loan amount of $100,000 - 80% LTV-refinance
As of 6/6/2008, the Weekly Average Yields on Constant Maturity Treasury Indices ("CMT") are: 1 Yr CMT = 2.14% and 5 Yr CMT = 3.26%
Rates and policies are subject to change without notice.
Redwood Credit Union Member deposit accounts are Federally insured up to $100,000 by the National Credit Union Administration (NCUA)
