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.

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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