A great choice when you want a stable monthly mortgage payment. A minimum down payment of 5% is required.
Available exclusively to eligible Servicemembers, Veterans and their spouses. VA loan are backed by the Department of Veterans Affairs. No down payment is required.
Loans for first-time homebuyers. FHA loans are backed by the Federal Housing Administration. Competitive rates, flexible credit guidelines with lower credit scores allowed and a 3.5% down payment.
*Private mortgage insurance (PMI) may be required for loans more than 80% of appraised property value.
**Less the remaining balance of the first mortgage.
Interest paid may be tax deductible, consult a tax advisor
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Red River Federal Credit Union is a member-owned financial institution dedicated to providing reliable banking, competitive loans, and convenient digital services to help our community thrive.
