Mortgages

Kentucky Employees Credit Union is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different. So we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the latest financial tools that enable you to make sound financial choices.

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First Time Home Buyers

KECU is proud to offer multiple products that will make your dream of homeownership a reality.

  • Kentucky Housing Loans
  • Low Rates
  • Low down payments available
  • 30 year fixed rate mortgage

Conventional First Mortgages

  • Fixed principal and interest payment for the entire term of the mortgage
  • Construction loans available
  • Fixed rates available

Fixed Rate 2nd Mortgage

  • Little to no closing costs.
  • Finance up to 100% of the appraised value of your home minus first mortgage balance.
  • Fixed rate and payment on a 10 year max term.
  • Tax advantages possible. Please consult your tax advisor.
  • Mortgage Loan Application (bulleted)
  • Online Mortgage Loan Application, click here. First Mortgages Only
  • Contact Sid Dailey for more information or with your questions.

FHA Loans

  • Low Rates
  • Low down payments available
  • 30 year fixed rate mortgage

Web Loans

Research, calculate, and apply for a loan online! Visit our web loan page for more information.

Adjustable Rate Mortgage

Good for both real property and unimproved real property. All KECU adjustable rate mortgages are convertible to a fixed rate mortgage during the life of the loan.

1-Year ARM

  • Rate subject to change annually on the anniversary date of the closing.
  • Convertible to fixed rate mortgage during the life of the loan.
  • Finance up to 95% on a refinance and 95% on new purchases of real property with a maximum term of 360 months.
  • Finance up to 75% on unimproved property with a maximum term of 120 months.
  • Tax advantages possible. Please consult your tax advisor.

3-Year ARM

  • Rate fixed for initial 3 years and subject to change after the 3rd year on the anniversary date of the closing
  • Convertible to fixed rate mortgage during the life of the loan.
  • Finance up to 95% on a refinance and up to 95% on new purchases of real property with a maximum term of 360 months .
  • Finance up to 75% on an unimproved property with a maximum term of 120 months.
  • Tax advantages possible. Please consult your tax advisor.

5-Year ARM

  • Rate fixed for initial 5 years and subject to change after the 5th year on the anniversary date of the closing.
  • Convertible to fixed rate mortgage during the life of the loan .
  • Finance up to 95% on a refinance and up to 95% on new purchases of real property with a maximum term of 360 months.
  • Finance up to 75% on an unimproved property with a maximum term of 120 months.
  • Tax advantages possible. Please consult your tax advisor.
  • Contact Sid Dailey for more information or with your questions.

Home Equity Line of Credit

Once approved, with a home equity line of credit, you’ll have access to your money any time you need it. Simply give us a call and we will issue a check against the equity in your home.

  • No closing costs.
  • Finance up to 100% of the appraised value of your home minus first mortgage balance.
  • Convenient access to funds.
  • Check writing ability.
  • Tax advantages possible. Please consult your tax advisor.
  • Minimum draw of $100.00.
  • Minimum Line $5000.00.

Loan Rates

First Mortgage Rates

Current Rates as of March 18, 2015
MORTGAGE PRODUCT
RATE AS LOW AS
Fixed Rate
Call for rates
One-Year ARM
4.000% / 8.119% APR
Three-Year ARM
4.000% / 7.364% APR
Five-Year ARM
4.000% / 6.756% APR

Second Mortgage Rates

Current Rates as of April 10, 2015
MORTGAGE PRODUCT
RATE AS LOW AS
Home Equity Line of Credit (HELOC) -
Revolving account w/ adjustable rate
4.000%
Fixed 2nd Mortgage - Installment account w/ fixed rate
4.250% APR

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Travel Notification

A cool way to avoid a freeze on your account! Let us know when you'll be away and we can flag your KECU credit and debit cards to ensure fraud...

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