Mortgage - Fort Knox Federal Credit Union

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Purchase - a new or existing home
    • Borrow up to 100% 1 of the purchase price of the home

Refinance – lower your interest rate or payments on your current loan
    • Borrow up to 100% 1 of the appraised value of the home

Cash Out Refinance – refinance your current loan and take out additional funds for home improvements, consolidation of other debts, etc.
    • Borrow up to 100% 1 of the appraised value of the home


Understanding Your Mortgage

There is a lot to understand when it comes to mortgages – the terms, forms and processes. With all these elements, having a mortgage can seem overwhelming. Get the information you need in order to prepare yourself for the mortgage application and home-buying process,Click here to learn more!

Easy and Convenient Mortgage Application Process: Apply online or we’ll be glad to discuss your options and take your application with you over the phone.

1 Rates and terms are subject to credit review. Not everyone may be approved for 100% financing.
Construction Loan – perfect for custom or production builders
    • One Time Close – Only one closing, prior to beginning construction – avoid the cost of two closings
    • Borrow up to 90% of the Appraised Value – lot equity can be used as down payment
    • Interest Only Payments during the construction phase – helps minimize your costs prior to completion

Easy and Convenient Mortgage Application Process: Apply online or we’ll be glad to discuss your options and take your application with you over the phone.

Click here for loan plans and rates 1

1 Rates and terms are subject to credit review.
Investment/Rental Property – Purchase or Refinance
    • Borrow up to 80% of the purchase price (purchase) or appraised value (refinance) 1
    • Fixed rates up to 30 year terms available 1

Easy and Convenient Mortgage Application Process: Apply online or we’ll be glad to discuss your options and take your application with you over the phone.

Click here for loan plans and rates 1
1 Rates and terms are subject to credit review.

VA and FHA Loan Programs:


VA loans and FHA loans are two types of government-secured mortgage loans. FHA loans are secured through the FHA, or Federal Housing Administration; while VA loans are secured through the VA, or Veterans Administration. Both of these loan programs offer lower costs and lower down payments than traditional mortgages, the intent of which is to place more people into homes. (Source: eHow.com)
FHA Program1
    • Purchase or Refinance
    • 3.5% Down Payment – can even be gift from family member2
    • Seller can pay up to 6% of the purchase price towards your closing costs and prepaids2
VA Program1
    • Purchase or Refinance
    • 100% Financing Available – subject to eligibility3
    • Seller can pay up to 4% of the purchase price towards your closing costs and prepaids

Easy and Convenient Mortgage Application Process: Apply online or we’ll be glad to discuss your options and take your application with you over the phone.

Click here for loan plans and rates 1

1Rates and terms are subject to credit review. VA and FHA loans are originated, processed, closed, and serviced by CU Select.2Subject to FHA requirements.3Subject to VA eligibility requirements.

Guidelines:

Finance up to 10 acres
Member pays all related closing costs
Finance up to 85% on raw land

Click here for loan plans and rates 1
1 Rates and terms are subject to credit review.