A 1st mortgage is a loan to finance the purchase of real estate, usually with specified payment periods and interest rates.  The borrower gives the lender a lien on the property as collateral for the loan.

RiverFall offers the following 1st mortgage products:

  • Fixed rate 1st mortgage, or traditional home purchase or refinance.  Term is up to 15 years.
  • Fixed rate 1st mortgage for unimproved property or land.  Term is up to 12 years.
  • Adjustable rate 1st mortgage, fixed for 7 years then adjusted annually with a 30 year amortization.

And great news!  We now offer 30-year FHA, VA, USDA, & Conventional mortgage loans. You can finance up to 100% for VA and USDA mortgages – no down payment required. FHA offers low down payment - only a 3.5 percent down payment is required and Conventional 30-year fixed offers financing up to 97% (with PMI/Private Mortgage Insurance).  Speak to a lender today at 205-759-1505 and get your FREE pre-approval letter.


At RiverFall, you’re more than your score.  We look at your entire story – your employment, residency, payment history with RiverFall and others, etc. – in addition to your credit score.  We want you to qualify for the best possible rate, and we won’t rely solely on an arbitrary number.  We want to lend to you!

Check current rates

Loan Applications

Rates and terms subject to credit evaluation and qualification. Actual rates and terms may vary.