Home Loans For The Quad Cities And Beyond
Mortgages For Every Home Financing Need
Whether you are seeking a pre-approval for your first home purchase or looking to cash out on a home equity loan, we’re here to help you through the process.
Pre-Approvals
Flexible Home Loans
We are proud to offer flexible loan options including fixed-rate mortgages, adjustable rate loans, FHA, VA and USDA loans.
Refinance
Refinancing could save you big. Pay off your loan over a shorter term or potentially a lower rate with flexible loan options.
Home Equity Loans
Competitive Rates
| Term | Rate | APR | Monthly Payment Examples |
|---|---|---|---|
| 30 Year Fixed | 6.625%12 | 6.822%12 | $640.31 |
| 20 Year Fixed | 6.875%12 | 7.13612 | $767.81 |
| 15 Year Fixed | 6.125%12 | 6.443%12 | $850.62 |
| 10 Year Fixed | 6.000%12 | 6.449%12 | $1110.21 |
| 10 Year ARM* | 5.750%12 | 5.937%12 | $583.57 |
| 5 Year ARM* | 5.490%12 | 5.674%12 | $567.16 |
| Investment 5 Year ARM* | Contact us for rates | - | - |
| Construction | Contact us for rates | - | - |
| VA, FHA, and USDA | Contact us for rates | - | - |
| Term | Rate | APR |
|---|---|---|
| 5 Year Home Equity (up to 80% LTV) | 5.990%13 | 6.409%13 |
| 5 Year Home Equity (up to 100% CLTV) | 6.990%13 | 7.413%13 |
| 10 Year Home Equity (up to 80% LTV) | 6.490%13 | 6.715%13 |
| 10 Year Home Equity (up to 100% CLTV) | 7.490%13 | 7.719%13 |
| Variable HELOC 80% LTV | 6.99%13 | 7.152%13 |
| Variable HELOC 100% CLTV | 7.24%13 | 7.403%13 |
Meet Our Home Loan Team
Our dedicated mortgage team is here to understand your needs, answer your questions and help guide you through the home loan process.
We’ve Got A Loan For That
Whether you’re buying your first home or your fifth, our team is here to help. Tailor your purchase to your lifestyle by choosing the solution that works best for you.
Conventional
Purchase your primary home, vacation or investment property. The possibilities are endless.
Government-Insured
Loans through the FHA, VA, and USDA make homeownership more accessible for qualified buyers.
Fixed Rate
Balance your budget and know what to expect with predictable monthly payments.
Adjustable Rate
With low interest rates early on, you can pack on some huge savings.
Home Loan FAQ
You have questions. We have answers. See below for a list of our most frequently asked home loan questions.
Buying your first home can be overwhelming. To make the process a little easier, we do have first home buyer programs available. For full details contact our mortgage team.
Membership is not required to apply for a loan with R.I.A. Federal Credit Union. However, you will need to become a member to finalize the loan. When you open an account with us you become a member of our credit union.
In most cases, decisions are made on home loan applications in 24 hours. However, closing times vary. Contact our mortgage team for more details on home loans at 800-742-2848.
Our team is committed to helping you navigate the process of applying for a home loan. There are verification requirements that need to be met, but typically you will need some form of income verification. This can include a W2, 1099, pay stubs or your tax return. If you are refinancing your current mortgage, you may need your most recent mortgage statement. Contact a member of our mortgage team for more information.
Disclaimer
- Home Loans
- Rates, terms and conditions are subject to change and may vary based on creditworthiness and qualifications.
- Payments based upon a $125,000 purchase price with 20% down, loan amount of $100,000. Taxes and insurance premiums are not included in the payment. The actual payment obligation may be greater.
- 5/1 Adjustable-Rate Mortgages (ARM) offer a fixed rate for the first five years of the loan and may vary every year after the fixed period. Example: For a $100,000 loan at 5.674% APR, the first 60 payments are $567.16, with 12 payments at $698.53 if the rate were to adjust to 7.697%, 12 payments at $840.12 if the rate were to adjust to 9.724%, 12 payments at $989.53 if the rate were to adjust to 11.754%. The maximum lifetime cap is 6%.
- 10/1 Adjustable-Rate Mortgages (ARM) offer a fixed rate for the first ten years of the loan and may vary every year after the fixed period. Example: For a $100,000 loan at 5.937% APR, the first 120 payments are $583.57, with 12 payments at $716.41 if the rate were to adjust to 7.961%, 12 payments at $859.15 if the rate were to adjust to 9.988%, 12 payments at $1,009.41 if the rate were to adjust to 12.018%. The maximum lifetime cap is 6%.
- Loans are subject to credit approval. Restrictions may apply.
13. Home Equity
-
- Rates, terms and conditions are subject to change and may vary based on creditworthiness and qualifications.
- Loans are subject to credit approval. Restrictions may apply.
- For example, a 60-month Fixed Home Equity Loan for $10,000 at a 6.409% APR, the monthly payment will be approximately $195.00.
- For example, a 60-month Home Improvement Loan for $20,000 at a 7.413% APR, the monthly payment will be approximately $400.00.
- For example, a 120-month Power Equity Loan for $20,000 at a 6.715% APR, the monthly payment will be approximately $229.00.
- Home Equity Lines of Credit are variable-rate loans. Rates as low as 7.152% APR are based on an evaluation of credit history, CLTV (combined-loan-to-value) ratio, loan amount and occupancy, so your rate may differ. The plan has a maximum APR of 18%. Closing costs vary by state and range from $100-$500.
- A minimum fee of $85 for title search and recording will apply. $5 membership fee required.
Still Have Questions?
Get Started
Ready to take the first step toward your home loan needs? Apply for a loan with R.I.A. today.