Mortgage Loan Programs

Our mortgage team knows that every mortgage is different. We offer several programs to help you construct, purchase or refinance your home.

Mortgage Loans
Loan Program Why Select This Loan Type? Loan Features 

Conventional Fixed Rate

Plan to keep home for more than 5 years OR you have money to pay down

  • Fixed Interest Rate
  • 30-,25-,20-,15-, or 10-Year Term
  • Lower Monthly Payment
  • Minimum of 5% Down Payment

Adjustable Rate (ARM)

Plan to keep home for a short period of time

  • Adjustable Rate
  • 1/1, 3/1, 5/1, or 7/1 Term

Rural Housing (RHS)

No savings for a down payment OR keep savings for home improvements upon purchase

  • Fixed Interest Rate
  • Helps Buyers Afford “More House”
  • Income Limits and Purchase Restrictions Apply
  • No Down Payment Required

Cash-Out Refinance

Cash-out some equity in current home, but prefer not to have a second mortgage payment

  • Pay Off Current Mortgage(s) and/or Other Debt
  • One Loan, One Payment
  • Lower Fixed Interest Rate 

Government Loans (FHA or VA)

Minimal or no down payment required OR Veteran

  • Fixed Interest Rate and Term
  • 3.5% Down Payment Required (FHA)
  • Greater Credit Flexibility 

Kentucky Housing Loans (KHC)

Minimal or no down payment required

  • Down Payment Assistance Available
  • Income Limits and Purchase Restrictions Apply
  • Kentucky Property Only 

KHC Section 8 Voucher

First-time homebuyer currently receiving Section 8 assistance

  • KHC coordinates the participation of property owners and landlords and pays a Housing Assistant Payment (HAP) to their landlord
  • Income Limits Apply 

Construction Loan

Temporary loan to construct new residence

  • Draw Down Line
  • Interest Only Payments 

Bridge Loan

Purchase new home before current home sells

  • Flexible Payment Options
  • Temporary Financing
  • Utilize Equity in Current Home 
All loans are subject to credit approval.