Home Loan Options

River Region Credit Union has the best loan rates in Jefferson City and Columbia. Find your best home loan rates and options in the table below.

Questions about any of our home loan options?
REQUEST DETAILS

Ready to Start Your Application?
APPLY NOW

Home Loan Options

Conventional
Fixed Rate

Traditional financing option with fixed principal and interest payments for the life of the home loan.

Perfect for rate and payment stability and/or long-term purchases.

30, 20, 15, and 10-Year Terms (Fixed)

5% Minimum Down Payment
(3% for eligible first-time homebuyers)

Interest Rate as low as
5.625%
APR as low as
5.819% APR*

Conventional
Adjustable Rate

Fixed interest rate for initial period of 5 years, with periodic rate adjustments every 5 years thereafter. ^

Offers flexibility with a lower initial rate for those intending to pay-off, sell, or refinance in the short-term. Perfect for land purchases!

30, 20, 15, and 10-Year Terms (Adjustable)

5% Minimum Down Payment

Interest Rate as low as
6.125%
APR as low as
6.181% APR*

FHA
Home Loans

Government insured, home loan option with a low 3.5% initial down payment. ***

Great for buyers with moderate credit and/or higher debt who may not qualify for conventional financing.

30 and 15-Year Terms (Fixed)

3.5% Minimum Down Payment

Interest Rate as low as
6.625%
APR as low as
7.731% APR*

First-Time Buyers &
Community Heroes

Low to no down payment option for qualified first-time homebuyers and Community Heroes. **

Perfect for first-time buyers or those who serve our communities as First-Responders, Health Care Workers, Educators, and Military Personnel.

30-Year Terms (Adjustable)

0-1% Minimum Down Payment

Interest Rate as low as
6.375%
APR as low as
7.557% APR*

Construction
Loans

Twelve-month, interest-only line of credit with permanent traditional financing at the end.

A great option for anyone looking to build their dream home.

12-Months Interest Only with Balloon Payment

Variable Based on Existing Equity

Interest Rate as low as
6.75%
APR as low as
15.075% APR*

All rates, terms and product features are subject to change at any time and are subject to credit approval.

* APR = Annual Percentage Rate. Rates are based on several factors including credit history, loan to value and loan term and may be different than the rates displayed. Rate listed above assumes, excellent credit, and a loan amount of $200,000 on a primary residence home with a purchase price of $250,000 and closing costs contributing to APR of $1959.

** First-time Homebuyer and Community Hero estimated rates are based on assumption of excellent credit history, and loan amount of $200,000 on a primary residence with a purchase price of $202,020 and closing costs contributing to APR of $3106.07.

*** Federal Housing Administration (FHA) loans require a minimum of 3.5% down payment and are subject to an up-front mortgage insurance premium of 1.75% of the loan amount in addition to a monthly mortgage insurance premium. Monthly premiums amounts vary based on loan term and loan-to-value. Must be for primary residence.

^ Available for primary residence, second home, investment properties, and raw land.

This link has been provided as a convenience to you. You are now leaving River Region Credit Union’s web site. Please refer to the Third-Party Disclaimer for more information.