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!

Apply for a mortgage today!


Minimal Down-Payment Options from Kirtland Federal Credit Union!

Many of KFCU's mortgage loan programs allow you to purchase a home with minimal money down. These programs include:

  • 30 Year Fixed
  • FHA 30 Year
  • FHA 15 Year
  • 20-Year Fixed
  • 15-Year Fixed
  • 10-Year Fixed
  • 15/15 ARM
  • 10/1 ARM
  • 7/1 ARM
  • 5/1 ARM
  • 5/5 ARM

Some restrictions may apply.

Please contact one of our friendly lending professionals via email or by telephone at (505) 254-4369 for more information!

15/15 ARM Loan

Our 15/15 ARM loan mortgage is a conventional 30-year fixed mortgage that is fixed for 15 years and is subject to a one time re-pricing at the end of the initial 15-year period. This mortgage is great for somebody expecting to be in a home for many years. It requires a minimal down payment and has lower rates than the 30-year fixed mortgages. It is not limited to Fannie Mae’s maximum loan amount, and has expanded approval criteria.

  • Fixed rate, minimal down payment, lower rate than 30-year fixed, not limited to Fannie Mae’s maximum loan amount
  • Protection against rising interest rates, long-term occupancy, expanded approval criteria
  • Borrow up to $1,500,000, based on property type, loan-to-value, and owner-occupation and PMI requirements
  • 30 year mortgage, fixed for 15 years and subject to re-pricing at 15 years

Current Rates

10/1 ARM Loan

Our 10/1 ARM loan is a conventional 30-year adjustable rate mortgage that has a fixed rate for ten years, then adjusts every year thereafter. It features a lower starting rate than our 30-year fixed mortgage, and is perfect for home owners who expect to be selling or moving quickly.

  • Fixed for 10 years then adjusts every year thereafter, lower starting rate than the 30-year fixed
  • Minimal down payment available
  • Those who are frequently selling/moving, and wish to start with a lower rate
  • Borrow up to $1,500,000, based on property type, loan-to-value, and owner-occupation and PMI requirements

Current Rates

7/1 ARM Loan

Our 7/1 ARM loan is a conventional 30-year adjustable rate mortgage that has a fixed rate for seven years, then adjusts every year thereafter. It features a lower starting rate than our 30-year fixed mortgage, and is perfect for home owners who expect to be selling or moving quickly.

  • Fixed for 7 years then adjusts every year thereafter, lower starting rate than the 30-year fixed
  • Minimal down payment available
  • Those who are frequently selling/moving, and wish to start with a lower rate
  • Borrow up to $1,500,000, based on property type, loan-to-value, and owner-occupation and PMI requirements

Current Rates

5/1 ARM Loan

Our 5/1 ARM loan is a conventional 30-year adjustable rate mortgage that has a fixed rate for five years, then adjusts every year thereafter. It features a lower starting rate than our 30-year fixed mortgage, and is perfect for home owners who expect to be selling or moving quickly.

  • Fixed for 5 years then adjusts every year thereafter, lower starting rate than the 30-year fixed
  • Minimal down payment available
  • Those who are frequently selling/moving, and wish to start with a lower rate
  • Borrow up to $1,500,000, based on property type, loan-to-value, and owner-occupation and PMI requirements

Current Rates

5/5 ARM Loan

Our 5/5 ARM loan is a conventional 30-year adjustable rate mortgage that has a fixed rate for five years, then adjusts every five years thereafter. You can lock in your rates and payments for five-year periods for budgeting and peace of mind. It features a lower starting rate than our 30-year fixed mortgage, and is perfect for home owners who expect to be selling or moving quickly.

  • Fixed for 5 years then adjusts every 5 years thereafter, lower starting rate than the 30-year fixed
  • Minimal down payment available
  • Those who are frequently selling/moving, and wish to start with a lower rate
  • Borrow up to $1,500,000, based on property type, loan-to-value, and owner-occupation and PMI requirements

Current Rates

3/1 ARM Loan

Our 3/1 ARM loan is a conventional 30-year adjustable rate mortgage that has a fixed rate for three years, then adjusts every year thereafter. It features a lower starting rate than our 30-year fixed mortgage, and is perfect for home owners who expect to be selling or moving quickly.

  • Fixed for 3 years, then adjusts every year thereafter, lower starting rate than the 30-year fixed
  • Those who are frequently selling/moving, and wish to start with a lower rate
  • Borrow up to $1,500,000, based on property type, loan-to-value, and owner-occupation and PMI requirements

Current Rates

1 Year ARM Loan

Our 1-year ARM loan is a conventional 30-year adjustable rate mortgage that has a fixed rate for one year, then adjusts every year thereafter. It features a lower starting rate than our 30-year fixed mortgage, and is perfect for home owners who expect to be selling or moving quickly.

  • Fixed for 1 year, then adjusts every year thereafter, lower starting rate than the 30-year fixed
  • Those who are frequently selling/moving, and wish to start with a lower rate
  • Borrow up to $1,500,000, based on property type, loan-to-value, and owner-occupation and PMI requirements

Current Rates

How to Apply

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