Mortgage Guarantee

Some choices are easy.

Keesler Federal provides the guidance, flexibility and low rate you’re looking for to secure your first or last home–guaranteed*.

We’re so confident you’ll love our lending that If you find a better rate for your home purchase or refinance, we’ll match it or give you $1,000 after closing!

Mortgage Guarantee

*Some Restrictions Apply: Rate Match Guarantee is not available for Jumbo Loans, Home Equity Loans, ARM Loans and Land Loans. Mortgages available in MS, AL, LA and FL.

Click Here for Mortgage Rate Match Guarantee Disclosures.

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Rate Match Guarantee Disclosures

Offer: If a Keesler Federal Credit Union member is offered a better mortgage interest rate by a competing financial institution for the purchase or refinance of their home, Keesler Federal guarantees that they will beat or match the documented offered rate. If Keesler Federal cannot match the rate, KFCU will deposit $1,000 into the Member’s KFCU account after the loan closes with the competitor.

Terms and Conditions:

  • Guarantee is available for purchase and refinance first lien mortgages.
  • Eligible programs include Conventional, FHA, VA and USDA loans programs.
  • These first mortgage programs are not eligible: Land Loans, Jumbo Loans, Home Equity, ARMs, Home Free and any other program that may feature a KFCU lender credit.
  • Members requesting a rate match must obtain a LE (Loan Estimate) from the other lender and present it to their KFCU Loan Officer within 24 hours of application along with all documentation required to lock the rate on the loan. Keesler Federal must lock the loan rate at this time.
  • Alternative documentation used to show competitor’s terms and rate will not qualify for offer. The LE from a competitor is required to be provided to KFCU.
  • The terms of the competing loan must be identical to Keesler Federal’s loan program. For example, a competitor’s 15 year fixed rate conventional conforming loan, with mortgage insurance, is not identical to a Keesler Federal 15 year fixed rate conventional conforming loan that does not have mortgage insurance.
  • KFCU reserves the right to charge points to match a competitor’s rate. Fees should not factor into the rate match.
  • Once the Member locks the rate with KFCU, the loan must close and funds must be disbursed within the rate lock commitment period. If the rate expires, the rate match will be voided and rate will be relocked at current market rates.
  • The Lender Information section on the Loan Estimate must be fully completed by the competing financial institution in order to have a valid Loan Estimate. Incomplete Loan Estimates will not be considered for the Rate Match Guarantee offer.
  • To receive the $1,000 guarantee, the Member must provide a signed, executed copy of the final Closing Disclosure, copy of the Note, a signed copy of the initial mortgage application, and a copy of the first mortgage statement or recorded Deed of Trust within 60 calendar days of the loan closing with the original competing lender. The Member must document that the mortgage loan closed and was not rescinded in order to receive the guarantee.
  • The Guarantee Offer is not valid if original loan terms or conditions change prior to closing.
  • In order to be eligible for the $1,000 guarantee, the Member must have requested a rate match from a KFCU Mortgage Loan Originator, presented the competitor’s completed LE, and documented that KFCU was unable to match the competitor’s rate. A KFCU issued LE, with a higher rate, will serve as documentation that KFCU was not able to match the rate when the rate match request was made along with the completed competitor’s LE.
  • If the Member refuses to lock the rate with KFCU when we agree to match the rate, this offer is no longer valid.
  • Once required closing documents are reviewed and approved, the $1,000 Guarantee will be deposited into the member’s Keesler Federal account. The deposit will be performed within 30 calendar days of receiving and approval of the necessary documentation.
  • The Member is responsible for any personal tax liability arising out of receipt of the $1,000 Guarantee.
  • The borrower must be a KFCU Member at the time of the initial application or Loan Estimate date to qualify.
  • Ask your Keesler Federal Mortgage Loan Originator for list of required documents required to be presented at time of application.
  • All information listed on the loan application must be accurate and complete.
  • There may be no credit related disputes, such as credit reporting errors which must be rectified prior to loan closing. If Federal law requires a 3 day delay when providing updated disclosures thus resulting in a delay of the closing date, KFCU will not be responsible for the rate expiring due to the delay.
  • The appraisal report on the home must assign a value equal to or greater than the purchase price of the home. The appraisal report must be acceptable to Keesler Federal Credit Union.
  • The closing may not be delayed by the seller or a third party, such as an appraiser, real estate attorney or title company, failure to obtain a homeowner’s insurance policy, flood zone determinations, inclement weather, a natural disaster, or some other emergency outside of Keesler Federal Credit Union’s control. KFCU will not be responsible for the rate expiring due to these delays.
  • If the delay of a closing date is caused by Keesler Federal Credit Union and the rate lock expires, KFCU will extend the lock and honor the Guarantee.
  • The Rate Guarantee does not apply to short-sale purchases or bank owned/investor owned properties.
  • Terms and conditions are subject to change.
  • This program is subject to change and may be discontinued at any time.

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Home Equity Loans