Home Mortgage Loans at Ka'u FCU

Ka'u Federal Credit union has a variety of mortgage loans to meet your real estate financing needs. Check all this out!

Conventional Residential Mortgage Loans:
These are loans that finance a new home, a second home or refinance an existing home. There are a variety of terms and we can help place you in the right mortgage loan.

If you are looking for a fixed interest rate loan, this is the product for you. There are a variety of terms and FHA financing is available.

If you prefer to apply on line, in the privacy of your home please click this button:

This will take you to our customized and secure Web Site where you can find out more about Ka'u FCU mortgage loans that provide fixed interest rate financing for the life of the loan.

Wow! The Web Site provides you with a variety of loan calculators and will help you to learn how much mortgage and home you can afford.

If you would like to discuss this type of lending in detail please call our loan area at 808-929-7334 or email loans@kaufcu.org with your questions and to arrange a time to visit us in Na'alehu to discuss your options.

USDA Guaranteed Home Loans:
Ka'u Federal Credit Union has teamed up with the nation’s leading lender to be able to offer

USDA guaranteed home financing. These loans are for home purchases and you can borrow up to 102% of the appraised value. All property in the District of Ka‘u and most of the Big Island (Not in main Hilo Town) qualifies for this rural home lending program.

USDA guaranteed home mortgages can be done on property in Lava Zone 2. This is great news for Ocean View residents.

USDA requirements are less stringent than conventional loans. USDA Guaranteed Home Loans are designed for the first time home buyer who has minimal savings and a lower income.

To find out if you are qualified for a USDA Guaranteed Home Loan call us at 808-929-7334, or email loans@kaufcu.org to arrange an appointment.

Home Equity Lines of Credit:
This is the most flexible home lending program offered by Ka'u Federal Credit Union. The loan is based on 70% of the appraised or otherwise confirmed third party value of the property, less any first mortgage that is outstanding. The line of credit can be borrowed any time within the first five-years of the agreement and payments are based on a 15 year amortization. Interest rates do adjust every 6 months and are some of the lowest interest rates in the nation.

For more information about Ka'u FCU Home Equity Lines of Credit, please call our loan area at 808-929-7334 or email loans@kaufcu.org with your questions and to arrange a time to discuss the possibilities.

Adjustable Rate Mortgages:
Ka‘u Federal Credit Union offers a variety of adjustable rate mortgage to fit your home financing needs. These are NOT the crazy loans that spun the nations into a recession. These are conforming adjustable rate mortgages that adjust to the treasury bill rates (plus a small percentage). The loan rate can be fixed for the initial 3, 5 or 7 years of the loan.

Because Ka‘u FCU does not offer those special 0% or 1% rates, when it is time for the interest rate to adjust, sometimes the rate goes down. That's right, if the treasury rate used to adjust your rate goes down, so does your mortgage loan rate. Naturally, you need to know if the treasury rate goes up, so does the loan rate. But know that there are NO hidden fees and high rates. Because these mortgage loans are all held by the Credit Union (not sold to the secondary market) terms and conditions can be more flexible than conventional home financing. Adjustable rate mortgages (ARM Loans) are great home loan products for those who need flexibility or guaranteed payments for a shorter period of time.

Ka‘u Federal Credit Union offers a variety of home mortgage loan products!

Contact us now to arrange financing for your home!
Call the loan area at: 808-929-7334
e-mail the loan area at: loans@kaufcu.org
Go to our Home Mortgage Loan lending Web Site, investigate the possibilities there and even apply on-line in the comfort of your own home.

At the top of every page you can click on the "Contents" button to see every page in the web site. Also, note the "Using Ka'u FCU" button. That is a special presentation with details on joining, making deposits, securing loans and other information you need to fully take advantage of all the many services that are yours as a member of Ka'u Federal Credit Union.