Mortgages & HELOC's

Financing options are on the house

Say "Aloha" to a better mortgage

• Borrow up to 80% of your home's appraised value
• Fixed rates lock in your monthly principal and interest payment so you can budget with certainty
• Choose terms up to 30 years to fit your budget and lifestyle
• No prepayment penalties
• If you need advice on buying a home, find a housing counselor near you through the Consumer Financial Protection Bureau

Use a Home Equity Line of Credit (HELOC) to borrow against your home's value

• Borrow up to 80% of the home's appraised value less the mortgage balance (maximum $250,000)
• Withdraw funds for up to five years
• Take up to 20 years to pay it back
• No annual fee
• Use the funds for home improvements, college expenses, debt consolidation or any other purpose
• Credit Insurance protection covers your loan payments in special circumstances when you're unable to make your regular monthly payment
• Learn more about HELOCs through the Consumer Financial Protection Bureau
• For more information on Investor HELOCs, contact our Loan Department at 808-842-9660

Ready to buy a home? Here's how the process works:

• Complete your mortgage application (more details below) and provide income documentation
• Kamehameha Federal Credit Union's mortgage team will verify your information and check your credit
• Schedule an appraisal of the home and obtain title insurance, homeowners' insurance, and hurricane insurance
• Close on your home loan with KFCU by your side

Include this material with your mortgage application:

• Income documentation includes your three most current payroll statements, W2s, and tax returns from the previous two years and other supporting documents
• If you're self-employed, please provide business tax returns from the previous two years, and current year's Profit & Loss Statements
• Provide two months of account and investment statements to determine your assets
• Compile all your statements of debt, including loans, and other mortgages
• Include other relevant documents, such as real estate sales contracts, trust documents, and insurance policy information

Your home is your most important and most valuable asset. Whether you're purchasing a home, refinancing an existing mortgage to save money or looking to finance large expenses with a HELOC, we'll help you reach your goals. Fill out our mortgage application and bring it to our Honolulu office, or contact us with any questions.