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Home > Real Estate Center > Mortgage Product Comparison...
Mortgage Product Comparison
Kirtland Federal Credit Union has a variety of mortgage loans to fit your needs. Our underwriting guidelines are flexible, and our interest rates & points are very competitive! Obtaining your mortgage from KFCU also gives you the convenience of keeping all your finances in one location.
Consider Obtaining a Pre-Approval!
Pre-approval allows you to shop for a home, knowing exactly what you can afford. Improved bargaining power with the seller and real estate agent is an added benefit. Pre-approved buyers are able to close the deal on their home more quickly... which saves time and money! Be prepared by reviewing our Required Documents Checklist and apply for a mortgage pre-approval today! |
 For No Down Payment Options! |
Loan |
Features |
Best For |
VA 30-Year Mortgage |
- Fixed rate, little or no down payment
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- Budget-conscious, stable fixed payment, for eligible veterans and active duty military personnel
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30-Year Mortgage |
- Fixed rate, minimal down payment
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- Protection against rising interest rates, long-term occupancy
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30/15-Year Mortgage |
- Fixed rate, minimal down payment, lower rate than 30-year fixed, not limited to Fannie Mae’s maximum loan amount
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- Protection against rising interest rates, long-term occupancy, expanded approval criteria
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15-Year Mortgage |
- Fixed rate, minimal down payment, lower rate than the 30-year fixed
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- Protection against rising interest rates, those wishing to build equity or pay-off sooner
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10-Year Mortgage |
- Fixed rate, minimal down payment, lower rate than the 30-year and 15-year mortgages
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- Protection against rising interest rates, those wishing to build equity or pay-off sooner
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Construction Loans
Call us for details!
(505) 254-4369 |
- Fixed rate, based on Prime +1
- Maximum Loan-to-Value 80% of acquisition
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- Great for members with A & B credit wishing to build a home on their own property
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Land Loans
Call us for details!
(505) 254-4369 |
- Fixed rate loan, based on Prime +2%
- Maximum Loan-to-Value 75%
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- Specially designed for members wishing to build their own home within 3 years
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| ADJUSTABLE RATE MORTGAGES |
| Loan |
Features |
Best For |
7/1 ARM Loan |
- Fixed for 7 years then adjusts every year thereafter, lower starting rate than the 30-year fixed
- Little or no down payment available
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- Those who are frequently selling/moving, and wish to start with a lower rate
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5/1 ARM Loan |
- Fixed for 5 years then adjusts every year thereafter, lower starting rate than the 30-year fixed
- Little or no down payment available
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- Those who are frequently selling/moving, and wish to start with a lower rate
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3/1 ARM Loan |
- Fixed for 3 years, then adjusts every year thereafter, lower starting rate than the 30-year fixed
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- Those who are frequently selling/moving, and wish to start with a lower rate
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1 Year ARM Loan |
- Fixed for 1 year, then adjusts every year thereafter, lower starting rate than the 30-year fixed
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- Those who are frequently selling/moving, and wish to start with a lower rate
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