• Loan Rates
  • Savings Rates
New Vehicles (2012 and newer) 1.99%APR
Effective date: 09/1/2015  VIEW RATES >
Regular Share Account 0.10%APY
Effective date: 09/1/2015  VIEW RATES >

At Kellogg Midwest Federal Credit Union, you know people you can trust. That's one thing that makes a credit union mortgage special. We provide the care, knowledge and experience to find a mortgage loan that's in your best interest and in your budget. And we've got it all right here... with flexible terms.

In addition to our great products, we have teamed up with a credit union mortgage company, "One United Mortgage" to expedite our processing, underwriting, and closing. Your loan will be processed, underwritten and closed locally PLUS all conventional loans are serviced locally… that means your conventional loan will not be sold!!

Program Types:

  • Conventional Loans
  • FHA Loans
    • 3.5% down
    • Streamline programs
  • VA Loans
    • 100% purchase
  • USDA Loans
    • 100% purchase

Underwriting Quick Guide:

  • Minimum middle credit score of 640
  • Divorce
    • Must be finalized and seasoned 30 days prior to closing
    • Debt assigned to ex-spouse may be excluded from ratio
    • Child support payment must have 6 months track record and child must receive for the next 36 months to count as income
  • Manufactured, Earth Berm, other unique properties, raw land and working farms do not qualify
  • Co-signers can be used to offset income but not poor credit
  • Leased land
    • The lease must be reviewed by your attorney and determined to meet Conventional Guidelines
  • Money may be used to purchase only the home
    • You are not allowed to borrow more than the purchase price for home improvements
  • Down payment may be gifted
    • If not a gift, the down payment must sit in your account for 60 days
    • Secured loan is an acceptable form of down payment
  • Part-time employment must have a 2 year history
  • Student loan payments must be deferred 12 months from closing to exclude
  • Must have a 2 year work history
    • College and Military will count towards your 2 years
    • History must be within the same field of work, may have multiple jobs, must have been employed 30 days
  • Foreclosures and short sales require 3 year seasoning
  • Chapter 7 bankruptcies must be discharged for 2 years
    • No late payments, collections or judgments after the discharge
    • Must have 3 trades re-established and reporting for 12 months
    • Chapter 13 can be open, two year rule not acceptable

Select Your Loan Officer and Apply Online Today!


Online Resources 

Loan Application Calculators