- No-Point
mortgage loan
- FHA financing
- VA financing
- Extended
rate locks
- After-hours
appointments are
always welcome
|
 |
- Up to 95%
conventional financing
- KHC financing
- RHS: 100%
financing available
- Free pre-qualification
and pre-approval available
|
Conventional Fixed Rates
Loans that
have a fixed rate and monthly payment for the entire life of the
loan. It's easy to budget for this type of loan because your payment
will always be the same. The rate on a fixed rate mortgage loan
is generally higher than an adjustable rate mortgage. |
| |
Adjustable
Rates
Loans that
usually start with a lower rate than fixed rate loans. We'll let
you know how much the rate can be adjusted over the life of the
loan, so you will know the absolute maximum amount you would ever
have to pay. If you will be moving in a few years or if you think
interest rates will be going down, you'll want to consider this
type of loan. |
| |
|
|
VA
(Veterans Administration)
Loans that
are guaranteed by the Veterans Administration. VA provides a guarantee
allowing us to make 100 % financing on the purchase of a home and
90% for refinancing. You will need normal closing costs to move
in, but there is little or no down payment |
| |
|
|
FHA
(Federal Housing Authority)
Loans that
require a relatively small down payment, and are insured through
the Federal Housing Administration. Qualifying guidelines are slightly
more lenient than conventional loans. FHA loans can be fixed or
adjustable |
| |
|
|
Guaranteed
Rural Housing Authority (RHS/formerly FmHA)
Loans that
provide up to 107% financing including closing costs. Certain income
qualifications must be met. These loans are guaranteed by RHS.
|
| |
|
` |
Kentucky
Housing Corporation (KHC)
Loans that
have a lower interest rate than straight conventional, FHA, VA,
or RHS. Can be either conventional, FHA, VA or RHS. Income and sales
price restrictions apply. Be sure to ask about current program guidelines.
|
| |
Special
Programs
In addition
to special programs for first-time buyers, THE BANK also offers
JUMBO loans, Balloons, Farm loans and Bridge and Construction loans
|
| |
