Whether you're buying your first home, your next home, or refinancing your current home, our professional Mortgage Loan Officers will personally walk you through the process of securing your mortgage loan. We're here to help you every step of the way!
HomeAdvantage® is a free online real estate service that provides you with reliable solutions when buying or selling your home. You can find a trusted real estate agent, research home values and crime rates, find report cards on neighborhood schools, and more. HomeAdvantage®§ provides you with everything you need to know now. Use the HomeAdvantage® Cash Rewards program, and you can save hundreds of dollars when you buy or sell your home with them!
Why wait until after you've found your dream home to apply for a mortgage? Be smart! Apply now! Make an offer with the confidence of being a qualified buyer. Get pre-approved now!
For additional details on Kirtland Federal Credit Union's real estate loans, or for loan applications, please call us at (505) 254-4369 or (800) 880-5328.
KFCU offers minimal down payment mortgages and traditional fixed rate and adjustable rate mortgages, as well as FHA and VA mortgages for first-time home owners, low-income buyers and veterans. Mortgage loans are only available for properties in New Mexico.
Fixed-rate mortgages offer the security of a fixed interest rate and monthly payment for the life of the loan. You're protected from the effect of rising interest rates, and can budget for monthly principal and interest payments more easily than with an adjustable-rate mortgage. Fixed-rate mortgages are available in a variety of loan terms - up to 30 years - but keep in mind that the overall interest paid is greater on a long-term loan versus a short-term loan.
Adjustable-rate mortgages typically offer a lower initial interest rate than fixed-rate mortgages, and that interest rate stays the same for a period indicated on the loan (ranging between 1 and 10 years). After that fixed-rate period expires, the interest rate is adjusted once per year through the life of the loan. When the interest rate is adjusted, you may have a higher interest rate than a standard fixed-rate loan - however, adjustment-rate loans generally feature an interest rate cap which limits how high the interest rate can be raised for each adjustment and for the life of the loan. Adjustable-rate mortgages provide flexibility for people who expect income growth in the future, as well as for those who may plan to move or refinance before their loan is complete.
FHA mortgages have lower down payment and credit requirements compared to conventional mortgage loans, and are perfect for first-time homebuyers and lower-income borrowers looking to secure a mortgage loan. With as little as 3.5 percent down, KFCU members can get a 15-year or 30-year fixed-rate FHA mortgage, backed by the U.S. Government. FHA mortgages do typically come with upfront costs and FHA mortgage insurance premiums, so that is something to consider when trying to decide which mortgage loan is best for you.
KFCU is proud to provide financial services for those who serve in the U.S. Armed Forces - and we now offer 15-year and 30-year VA mortgage loans for active duty and eligible veteran military personnel. These mortgages are guaranteed by the Department of Veterans Affairs and feature a stable, fixed monthly payment with minimal or no down payment, making this an excellent mortgage option for the budget-conscious veteran.
If you have equity in your home, you can access that equity with a home equity loan or home equity line of credit from Kirtland Federal Credit Union. Our underwriting guidelines are flexible, and our interest rates and fees are very competitive! Obtaining your home equity loan from KFCU also gives you the convenience of keeping all your finances in one location.
§ The HomeAdvantage program is made available to you through a relationship between Kirtland Federal Credit Union and CU Realty Services. Program Cash Rewards are awarded by CU Realty Services to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers and sellers are not eligible for Cash Rewards if they use an agent outside this network. Using Kirtland Federal Credit Union for a mortgage is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commissions paid to the agent. Kirtland Federal Credit Union may have specific rules on how your Cash Rewards will be paid out. Cash Rewards incentives are available in most states; however, are void where prohibited by law or by the lender. Please consult with your credit union to get details that may affect you.