Make your home more comfortable with the right home loan
Your home is likely the biggest purchase you'll make. Buy with confidence when you have the right mortgage loan.
Overview
Savor the excitement of getting the financing you need to buy the house you and your family can call home.
Rates1
View all ratesFixed Mortgages
As low as APRAdjustable Rate Mortgages
As low as APR-
Options
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30-Year Fixed
Enjoy fixed monthly payments and fixed interest rates for the lifetime of the loan, making home payments easier to incorporate into your budget.
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15-Year Fixed
For those who enjoy the fixed payments and rates of a 30-year mortgage loan, but want to pay off their loan in half the time.
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5/5 ARM - No Closing Cost3
With this adjustable rate mortgage (ARM), you'll pay a fixed interest rate for the first 5 years of the loan, then the rate will adjust every five years afterward. With no closing costs, this option can make the initial cost of a home more affordable.
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5/1 ARM
Receive a consistent interest rate for the first five years of the loan, then the rate adjusts annually thereafter.
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7/1 ARM
Get a fixed interest rate for the first seven years, then one annual rate adjustment each year for the remaining life of the loan.
Estimate your monthly payment
Homeowners Insurance: 100
Mortgage Insurance: 167
More Calculators
Explore these calculators to evaluate your purchase and refinancing options.
Why Raina recommends getting a mortgage from RCU
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Home Buying Resources
We understand the process of buying a home can be daunting, so let us help you make it easier with the help of these resources.
Home Buying Guide
With our digital eBook, you can learn about how and when to get a mortgage, financing tips, and more to help you in your home buying journey.
Home Loan Basics
We want to empower you with the knowledge you need to get a home loan, so we have provided a list of helpful resources.
Real Estate Resources
Whether you want to find the value of your home or whether you need to find a real estate agent, our real estate resources can help you meet your goals.
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Apply online
Complete an application to begin the loan process.
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Work with your loan officer
Your loan officer will guide you through the mortgage process.
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Use your mortgage loan
Get approved and use the loan funds to purchase your new home.
Why Choose RCU?
At RCU, we’re passionate about helping our Members improve their lives. If you want a credit union that keeps your unique needs in mind and helps you envision and manage your financial future, the friendly experts at RCU are here for you.
Named one of America’s Best Credit Unions by Newsweek
Recognized by Forbes as one of America’s Best Small Employers 2023
Have a question?
At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.
Buying your dream home starts with the right home loan
When making a purchase as big as a house, you can be confident RCU will help you find a home loan that's just right for your needs.
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1Certain restrictions may apply. Maximum Combined Loan to Value (CLTV) for rates listed above is 95%. Maximum CLTV for investment (non-owner occupied) is 80%. Rates and max CLTV assumes property is a single unit, primary residence, non-manufactured home. RCU mortgages are available only CA properties only. ARM rates are subject to periodic adjustments after loan closing, per the terms of the note.
2Insurance products are not deposits of Redwood Credit Union and are not protected by the NCUA. They are not an obligation of or guaranteed by Redwood Credit Union and may be subject to risk. Any insurance required as a condition of an extension of credit by Redwood Credit Union need not be purchased from Redwood Credit Union and may be purchased from an agent or an insurance company of the member’s choice. RCU Insurance Services is a wholly-owned subsidiary of Redwood Credit Union. Business conducted with RCU Insurance Services is separate and distinct from any business conducted with Redwood Credit Union. License no. 0D91054. NPN no. 7612227.
3 Non-closing cost product requires a minimum balance of $200,000 and includes a potential savings of $2,600 in closing costs.
Advanced Options
Property Tax Rate
The tax that you are required to pay as a property owner levied by the city or municipality. Lookup your county rate or state average rate for a more accurate calculation.
Homeowners Insurance (Monthly)
The standard insurance policy that covers damage to your property and the things you keep in it. The average annual homeowners insurance premium is around $1,200.
HOA Fees (Monthly)
These are dues that are used by a homeowners association toward maintenance of common areas used by all homeowners in a housing development or complex.
Private Mortgage Insurance Rate
The premium for the insurance policy for FHA loans and conventional mortgages if your down payment is less than 20%. PMI typically costs between 0.5% to 1% of the entire loan amount on an annual basis. Only calculated if down payment is less than 20% of mortgage amount.
Disclosure
This calculation represents an estimate. Calculation does not factor credit score. Default input values are estimates.
Highlights
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Low interest rates
Receive low rates on fixed and variable loans in order to help you save money on the biggest purchase you will make, your home.
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Options for your unique needs
Choose from a variety of fixed and adjustable rate loan options to meet your budget.
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No closing cost option
Save money when completing your mortgage needs with our no closing cost option.
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RCU Insurance Services2
Getting home insurance through RCU Insurance Services saves you time and effort. With helpful and friendly team members, you can view a complete selection of coverage options.
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Variety of repayment terms
Take control of your monthly payments and choose an option that works best for your monthly budget.
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Quick closing times
Quick closing times means being able to move into your new home as soon as possible so you can start enjoying your new life as a homeowner.
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Local service
Know you are receiving service from someone who is familiar with the local market. Enjoy personalized service and advice to help you find the home of your dreams.
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Jumbo loans
Afford a broader range of homes with jumbo loans up to $3 million, which is more than conforming home loans.
Rates
Resources
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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