Mortgages Made for Our Neighbors
Buying or refinancing a home is a big deal—and you shouldn’t have to figure it out alone. At River Valley Credit Union, we proudly serve members across the Miami Valley, helping families, first‑time buyers, and long‑time homeowners find mortgage options that fit real life. Our local mortgage lenders keep the process simple, explain things in plain language, and stay with you from application to closing.
Our Mortgage Loan Options
Conventional Fixed‑Rate Mortgages
Simple, and easy to understand.
A conventional fixed‑rate mortgage keeps the same interest rate and monthly payment for the life of the loan. It’s a popular option for members who want stability and predictable payments.
Best Option If:
- You want the same interest rate for the entire loan
- You want consistent monthly payments
- You want multiple term options available (30, 20, and 15 years)
- You want a mortgage loan for budgeting long‑term
Adjustable‑Rate Mortgages (ARM)
Lower starting rates with built‑in flexibility.
An adjustable‑rate mortgage typically starts with a lower interest rate that may change later. This can be a smart option if you plan to move, refinance, or want lower payments early on.
Best Option If:
- You want a lower starting interest rate
- You want a rate that adjusts based on market conditions
- You want potential savings in early years
- You want a rate that is great for short‑to‑mid‑term planning
Mortgage Refinance
Lower your rate, change your terms, or both.
Refinancing lets you replace your current mortgage with a new one that better fits your goals. Many homeowners refinance to lower their payment, shorten their loan term, or use their home’s equity.
Best Option If:
- You want the opportunity to lower your rate
- You want to change the length of your loan to fit your long-term goals
- You may want to reduce your monthly payment
- You want the option to remove primary mortgage insurance (PMI)
FHA Loans
A flexible option for first‑time and repeat homebuyers.
FHA loans are designed to make homeownership more accessible with flexible qualification guidelines. They’re a popular choice for buyers who may have limited savings or are just getting started.
Best Option If:
- You want lower down payment options
- You want flexible credit guidelines
- You want fixed‑rate loan options available
- You want predictable monthly payments
VA Loans
A thank‑you to those who’ve served.
VA loans are available to eligible veterans, active‑duty service members, and qualifying spouses. These loans offer strong benefits designed to make buying a home more affordable.
Best Option If:
- You want no down payment required for eligible borrowers
- You want no private mortgage insurance (PMI)
- You want competitive interest rates
- You want flexible qualification standards
Hometown Heroes
Helping those who help our community.
Hometown Heroes loans offer special benefits for educators, first responders, healthcare workers, and other community heroes.
Best Option If:
- You are an educator, first responder, healthcare worker, military, clergy, or other community hero
- You want no down payment required
- You want no private mortgage insurance (PMI)
- You want $500 off closing costs
USDA Loans
Helping make rural homeownership possible.
USDA loans are designed for eligible buyers in qualifying rural and suburban areas. They’re a great option for members looking to buy outside larger cities while keeping costs manageable.
Best Option If:
- You want no down payment for eligible areas
- You want affordable interest rates
- You want fixed monthly payments
- You want step‑by‑step guidance from local lenders