Checking Accounts
Mortgage Loans

Rhode Island Credit Union offers mortgages for 1-4 family owner-occupied properties and directdebit_rcondominiums.

  • Financing available for purchase or refinance.
  • Various terms up to 30 years.
  • No point programs available.
  • Low application fees.
  • Bi-weekly mortgage payment options available.
  • In-house mortgage servicing.


Percentage Rate
Conventional MortgageUp to 15 years4.750%04.844%
16 - 20 years5.125%05.200%
21 - 30 years5.375%05.431%
All rates subject to change without notice. Maximum LTV = 95%. PMI required on loans over 80%. All Fixed Rate Mortgages are fully amortizing loans. The rate will be fixed and your monthly principal and interest payments will not change for the term of the loan.
ProgramMaximum Term/Down PaymentRate Annual
Percentage Rate
Land Mortgage10 Years/30% down6.750%6.830%
ProgramMaximum Term RateAnnual Percentage Rate (APR)
Non-Owner Occupied 1-4 Family and Condominiums20 Years6.750%6.830%
Maximum loan amount of $500,000 and 75% LTV.

Rhode Island Credit Union NMLS ID: 509121

Home Mortgage Disclosure Act Notice
The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s Web site (