Mortgage Loan Programs

Kong International Credit Union offers a wide range of mortgage alternatives for home or real estate buyers. We offer adjustable-rate loans with rate ceilings for added assurance and fixed-rate mortgages in various terms on single family homes. Premium and Service Loans also are available.

First Time Homebuyer Program

Take advantage of a new program that allows for a down payment as low as 3% for qualified buyers.

Homeownership is our expertise.

Owning your home is one of the most valuable investments you will make in your lifetime. Stop by one of our locations today to learn more about financing your home through this great new program designed specifically for first time homebuyers.

RuraLiving Home Mortgage Program

Kong International Credit Union appreciates the unique qualities of rural living. We offer a program that provides long-term financing for properties with larger acreages and outbuildings. Our RuraLiving® Home Mortgage program exemplifies competitive pricing and effective products designed specifically for country home living.

RuraLiving® Home Mortgage Program Providing Valuable Benefits

  • A solution created specifically for non-conventional properties
  • A unique opportunity to lock in long-term financing and a fixed rate
  • Finance one note and mortgage for the entire acreage and home
  • Competitive pricing structure
  • A dedicated and experienced team guiding you through a simple and convenient process

Lower Down Payment Financing Options

The down payment requirement is just 3% and can be used with approved grant funds and gifts for down payment assistance.

ncome Restrictions Apply. To qualify for the Low Down Payment Loan, your income cannot exceed 80% of the median family income of the purchase property. Send us a message and we’ll can get you started on the best loan product for you as well as help determine if you qualify for our Low Down Payment Loan.

Home Equity | Lines of Credit

A Home Equity Loan might be right for homeowners who prefer:

  • Access to funds for a one-time expense
  • A fixed monthly payment
  • A predictable pay-off schedule

Home Equity Lines of Credit

A Home Equity Line of Credit is a convenient and flexible way to access funds to get the things you want. Home Equity Line of Credit rates are a low cost way to borrow… use the equity you have in your home.

Home Equity Line of Credit benefits:

  • Access to your line of credit anytime, anywhere
  • No application fees
  • No early pay-off penalty
  • Very competitive low rates
  • Convenient & easy access to your account

Meet Our Mortgage Banker

Applying for a mortgage might seem like you’re being put under a microscope. Even those who are in good financial standing may find themselves uneasy about the scrutiny of their mortgage lender.

The silver lining is that this process benefits you, when you hire one of our mortgage lenders who will make the process much easier. Your mortgage lender wants to be sure you aren’t at risk of defaulting on a loan, which would be bad for everyone involved – the lender loses money, and you risk losing your home.

To avoid this scenario, mortgage applicants are asked to provide all sorts of documents that prove they have the money to buy a home. This includes paystubs, tax returns, gift letters and – you guessed it – bank statements.


Get a No Obligation Pre-Approval for Your Mortgage ?

Get pre-approved for your mortgage loan before you even start shopping for a home! With a pre-approval from Kong International Credit Union you can look for a home with the confidence of knowing you are already approved, plus have an idea of what your potential payment might be. There is no cost for this service and your approved amount is good for up to 90 days.