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New! Down Payment Assistance

Unlock your homeownership dreams

$2,500 Down Payment Assistance can help you purchase your next home.


If you’re wanting to buy your next home but are worried you can’t afford it, Redwood Credit Union is here to help. We’re excited to introduce our new $2,500 credit that can be used towards your down payment or closing costs, if your income qualifies. Available for first-time or repeat homebuyers.


Affordable Path to Homeownership

We understand the challenges faced by buyers in this market. Our program aims to make homeownership more accessible.

Personalized Service

Our dedicated team will guide you through the process and ensure a smooth experience. Our local loan officers know the area and are here to help make sure you get the right loan for your needs.

Quick closing times

We know that closing a loan quickly is important to having a competitive offer. We’re here to help so you can start enjoying your new life as a homeowner as soon as possible.

24/7 Application Support

Our team is here to help you with your mortgage application 24 hours a day, 7 days a week. Give us a call when it’s convenient for you.

RCU Insurance Services

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.

Voted Best Mortgage Lender in Sonoma County

Our mortgage experts love helping you succeed, and we are excited to share that we've been voted the Best Mortgage Lender in Sonoma County by the Press Democrat’s 2023 Reader’s Choice Awards.

The Power of Getting Preapproved

Learn the benefits of getting preapproved to show the seller you're serious and get more negotiating power.

Have a question?

If you have questions about any part of the home buying process, our mortgage experts are here to help. Schedule an appointment or give us a call at 1 (800) 609-9009.

Estimate your monthly payment

Monthly Payment
Property Tax: 167
Homeowners Insurance: 100
HOA Fee: 0
Mortgage Insurance: 167
Purchase Amount
Fixed Rate
Term Years
Advanced Options

How to get a mortgage loan with down payment assistance

Your journey to home ownership starts with these steps.

  • 1

    Apply online

    Complete an application to begin the loan process.

  • 2

    Work with your loan officer

    Your loan officer will guide you through the mortgage process. Let them know you are interested in our down payment assistance program, and they can walk you through the details.

  • 3

    Use your mortgage loan

    Get approved and use the loan funds to purchase your new home.

Apply for a Mortgage Loan

No matter what home sweet home means to you

RCU is here for all your loan needs. With thoughtful service and local decision making, our team can help you buy your next home.

  • Offer effective 03/01/2024-02/28/2025. To qualify for the credit, borrower must have a qualifying income of less than or equal to 50% of the applicable area median income (AMI) of the property’s location. Borrower must qualify for HomeReady® loan to be eligible for credit. Credit may be used towards down payment and/or closing costs, including mortgage insurance premiums. Properties purchased must be owner-occupied.

    CA Properties Only

    Insurance 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.