Kirtland Federal Credit Union has a variety of home equity loans to fit your needs. Our underwriting guidelines are flexible, and our interest rates & fees are very competitive! Obtaining your mortgage from KFCU also gives you the convenience of keeping all your finances in one location.
Our home equity loans are fixed-rate and feature predictable monthly payments that stay the same, no matter how the economy changes. Funds are provided in one easy, lump-sum disbursement - and interest charges on your home equity loan may be tax deductible. If you have a major one-time expense, such as the purchase of a new car, financing a down payment on a house, or consolidating your bills, our Home Equity Loan is a perfect way to take care of that.
Our Home Equity Line of Credit (or HELOC) is a variable rate loan, where monthly payments vary depending on the current rate and amount you have borrowed. A HELOC can be used anytime, for any kind of expense, and interest charges may be tax deductible. If you have ongoing expenses, such as home improvements, educational and medical expenses, or upcoming life events like a new baby or a wedding, our HELOC offers greater flexibility than a standard loan, with revolving terms up to 180 months.
1 Up to 90% loan-to-value, less first mortgage, owner-occupied only, located within the state of New Mexico.