Leave a Message

Thank you for your message. We will be in touch with you shortly.

Redwood Credit Union - Not-For-Profit Lender is Creative and Nimble

April 17, 2025

Redwood Credit Union - Not-For-Profit Lender is Creative and Nimble

Our clients have scored some huge home purchase wins recently thanks in part to our partners at Redwood Credit Union.

As a relatively small lender, they've got managers and mortgage underwriters who are able to look at each client's loan application holistically. Compared to big banks, this gives them more authority for make-sense decisions, and more opportunities for flexibility and speed in the loan process. 

Some of their creative and highly functional loan options:

  • HELOCs on investment properties

    • Equity line of credit on non-owner occupied properties (rare!)

  • Rate roll down

    • If you buy and then rates go down - you can lower your rate for an $800 fee 

  • Buy now, sell later

    • Buy your next house before selling your current one - without a higher rate on the purchase loan

  • Fast closings - 14 days or less 

    • Helps you compete with all-cash offers

 

Some recent Pacific Edge/Redwood CU client success stories - go team!

The Saved Deal:

We negotiated a sweet $40,000 seller concession for our buyers while in escrow (yay!), but their lender wouldn't approve it (booo!). The deal was on the rocks until RCU stepped in, approved the loan with the concession, and even closed on time. 

The Move-Up:

Our clients' starter home was bursting at the seams after their household added two beautiful kiddos. They needed more space but it was tricky to qualify for a bigger home with their current home still on the debt sheet. RCU approved them for the move-up home, knowing our team will sell their departing home quickly after they move. 

The Winning Offers:

When sellers have multiple offers to choose from, a buyer's ability to close swiftly becomes an important bargaining chip. Even more so when macro-economic conditions become capricious. RCU's ability to close in 14 days or less has helped us position our clients' to win in several competitive offer situations, meaning our folks got the right home at the right price. 

The Local Business Factor:

Redwood Credit Union has been a Northern California local business for 75 years. And as a credit union, they are member-owned and not-for-profit. Did you know…?

"Credit unions are cooperatives where each member is also an equal owner. While for-profit financial institutions exist to generate profits for a small number of private stockholders, credit unions return their earnings to members in the form of better rates, fewer and lower fees, and added services such as new branches and technology. By nature of the cooperative model, the funds you deposit at Redwood Credit Union stay in your community to help family, friends, and neighbors to finance a new car, get their first home loan, or even start their dream business."

Need a good mortgage partner by your side? Contact us for an intro to our favorite Redwood Credit Union loan officer. You'll be in good hands! 

 

Recent Blog Posts

Stay up to date on the latest real estate trends.

Top Real Estate Agent in San Francisco Bernal Heights, Alec Mironov Real Estate Agent
Bernal Heights Real Estate Market Update

May 20, 2025

In the last two weeks, there have been 12 home sales in San Francisco's Bernal Heights neighborhood. Closed listings range in price from $575,000 to $3,785,000. The cl… Read more

Top real estate agent in San Francisco's Noe Valley neighborhood, Alec Mironov with Pacific Edge Real Estate Group.
Noe Valley San Francisco Market Update

May 20, 2025

In the last two weeks, 10 homes sold in San Francisco's Noe Valley neighborhood. The closed listings range in price from $1,150,000 to $4,000,000. The listings have a … Read more

Top real estate agents in San Francisco's Sunset District, Alec Mironov with Pacific Edge Real Estate Group
Sunset District Real Estate Market Update

May 20, 2025

In the last two weeks, there have been 17 home sales in the Sunset District. Closed listings range in price from $1,100,000 to $2,836,000. The closed listings had a me… Read more

Recycling the Tricky Bits…. There's finally an answer!

May 16, 2025

If you're like us, you'd love to recycle MORE. More items, more responsibly, more effectively. You think about all the packaging and convenience items that come in and… Read more

Smarter Ways to Store or Dispose of Leftover Paint

May 16, 2025

Almost every home has at least one or two half-full paint cans hiding in the back of a closet or cluttering the shelves in the garage. Over time, paint and varnish sto… Read more

Electrification of Bay Area Homes - What You Need to Know

May 16, 2025

You may have heard that the California Air Resources Board voted to ban the sale of gas heaters and water heaters in the state starting in 2030. What you might not kno… Read more

Top Real Estate Agent in San Francisco Bernal Heights, Alec Mironov Real Estate Agent
Bernal Heights Real Estate Market Update

May 6, 2025

In the last two weeks, there have been 6 home sales in San Francisco's Bernal Heights neighborhood. Closed listings range in price from $785,000 to $2,050,000. The clo… Read more

Top real estate agent in San Francisco's Noe Valley neighborhood, Alec Mironov with Pacific Edge Real Estate Group.
Noe Valley San Francisco Market Update

May 6, 2025

In the last two weeks, 9 homes sold in San Francisco's Noe Valley neighborhood. The closed listings range in price from $975,000 to $5,650,000. The listings have a med… Read more

Top real estate agents in San Francisco's Sunset District, Alec Mironov with Pacific Edge Real Estate Group
Sunset District Real Estate Market Update

May 6, 2025

In the last two weeks, there have been 17 home sales in the Sunset District. Closed listings range in price from $800,000 to $3,750,000. The closed listings had a medi… Read more

Let's Talk

You’ve got questions and we can’t wait to answer them.