Mortgage Loans
Mortgage Loans
Whether buying a new home or refinancing your existing loan, our mortgage program provides you with choices. Contact one of our loan officers at 808-254-3566 or email loanservices@koolaufcu.org and we will help you find the right financing with the right terms to match your needs.
Features:
Competitive rates - Our first mortgage loans are competitively priced on a daily basis
Flexible terms – 15 or 30-year fixed-rate loans and ARMs along with points or no points options
A friendly experience– Our goal is to help you find the right loan to match your needs for one of the biggest financial decisions in your life
Home Equity Lines of Credit (HELOC)
| Description | HELOC - Single Family | HELOC - non SFR | HELOC - 95% LTV | HELOC - Investment Property |
|---|---|---|---|---|
| Best for: | Members with equity in their owner-occupied single-family home planning for future liquidity needs. | Members with equity in their owner-occupied condo or townhome planning for future liquidity needs. | Members with equity in their owner-occupied single-family home planning for future liquidity needs. | Members with equity in their single-family home or townhouse planning for future liquidity needs. |
| Loan Purposes: | Emergency fund, home improvements, home additions, the kids’ college education or a new car. | Emergency fund, home improvements, home additions, the kids' college education or a new car. | Emergency fund, home improvements, home additions, the kids' college education or a new car. | Emergency fund, home improvements, home additions, the kids' college education or a new car. |
| Available Credit Limit: | Up to $375,000 | Up to $375,000 | Up to $250,000 | Up to $375,000 |
| Loan to Value: | Up to 80% of the member's residence | Up to 75% of the member's residence | Up to 95% of the member's residence | Up to 70% of the member's investment property |
| Draw period: | 5 years extendable up to 10 years | 5 years extendable up to 10 years | 10 years | 5 years |
| Repayment period: | Up to 30 years | Up to 30 years | Up to 20 years | Up to 15 years |
| Collateral Required: | Fee Simple Single Family Home in Hawaii | Fee Simple Condo or townhome in Hawaii | Fee Simple Single Family Home in Hawaii | Fee simple Single Family Home or townhome in Hawaii |
| Application Fee: | None | None | None | None |
| Annual Fee: | None | None | None | None |
| E-Statements: | FREE | FREE | FREE | FREE |
| Automatic Payments from a KFCU account: | FREE | FREE | FREE | FREE |
| Interest Rate: | Quarterly Adjustable | Quarterly Adjustable | Quarterly Adjustable | Quarterly Adjustable |
| Mobile Banking Access: | FREE | FREE | FREE | FREE |
| Telephone Banking Access: | FREE | FREE | FREE | FREE |
| Online Banking Access: | FREE | FREE | FREE | FREE |
| Shared Branch Access: | FREE | FREE | FREE | FREE |
| In-Branch Access: | FREE | FREE | FREE | FREE |
| Credit Life Insurance: | Available | Available | Available | Available |
| Credit Disability Insurance: | Available | Available | Available | Available |
| Payment Reminders by text or email: | FREE | FREE | FREE | FREE |