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Loan Options
Our experienced lenders at our Main Street location in Danville and our Lancaster branch office are ready to work with you today to determine which of our loan products best fit your needs. We are pleased to serve the residents of Boyle, Garrard, Mercer, Lincoln, Casey, Madison and Jessamine Counties.
NOTE: Please contact our Loan Department to inquire about interest rates and more detailed term information not disclosed within this site.
Residential Real Estate Loans
At Central Kentucky Federal we’re proud to continue the home loan tradition we started in 1886. We make the kind of sensible loans that make our community a better place to live. We don’t depend on approval decisions from an offsite underwriting center and we don’t refer your calls or questions to a call center for service. As your hometown lender our goal is to provide the best experience possible as we work to put you in the home of your dreams. We offer competitive rates for construction, purchase, refinance and home improvement. Please call for an appointment at our Main Street office in Danville or our office in Lancaster to apply for your home loan and discover why now, more than ever, it’s time to "Come Home To Your Hometown Bank".
Fixed Rate Mortgage Loans
Our fixed rate mortgage loans are available for purchase, refinance or construction/permanent financing of owner occupied residential property
with features including but not limited to:
- Loans are kept in-house — CKF portfolio loans are not sold and are not serviced elsewhere
- Competitive fixed interest rates
- A flexible range of term options
- Low Closing Costs- nominal loan origination fee plus standard settlement costs
- Loan to value ratios up to 80%
- No prepayment penalty
- Prompt turnaround from application to approval to closing
Adjustable Rate Mortgage Loans
Our adjustable rate mortgage loans are available for purchase, refinance or construction/permanent financing of residential property and offer features including but not limited to:
- 1, 3, or 5 year adjustable interest rate options
- A flexible range of amortization term options
- Low Closing Costs –nominal loan origination fee plus standard settlement costs
- Loan to value ratios up to 89.9%
- Loans are kept in-house —CKF portfolio loans are not sold and are not serviced elsewhere
- No prepayment penalty
- Prompt turnaround from application to approval to closing
Central Kentucky Federal provides construction financing for residential property that offers features including but not limited to:
- Low Closing Costs- nominal loan origination fee plus standard settlement costs
- A flexible range of term options with quarterly interest payments
- Competitive fixed interest rate
- Loan to value ratios up to 80%
- Prompt turnaround from application to approval to closing
Our Construction/Perm loan is available for owner-occupied residential property construction and offers many beneficial features including but not limited to:
- One loan; one loan closing- Interest rate is locked at Construction Loan closing with the borrower’s selection of a Permanent Loan term
- Construction Loan converts to Permanent Loan at maturity of construction term
- A flexible range of Construction Loan terms with monthly interest payments
- Competitive fixed or adjustable interest rates
- Low Closing Costs – nominal loan origination fee plus standard settlement costs
- Loan to value ratios up to 80%
- Loans are kept in-house —CKF portfolio loans are not sold and are not serviced elsewhere
- No pre-payment penalty
- Prompt turnaround from application to approval to closing
The equity you have built in your home may qualify you for an affordable Home Equity Line of Credit. This financing option is a great way to finance repairs, debt consolidation, vacations or even your child’s college education. The monthly payments are low and the interest may be tax deductible.
A CKF Home Equity Line of Credit offers features including but no limited to:
- Line of Credit amounts up to 89.9% of appraised value
- Low Closing Costs- standard settlement costs only; no origination fee
- Low Annual Fee- annual renewal fee of only $25.00
- Low Variable Interest Rate
- Low Monthly Payment- payments are based on 1% of the outstanding balance at billing statement cycle
- Flexible range of loan term options
- Prompt turnaround from application to approval to closing
Central Kentucky Federal also offers loans for the purpose of purchasing or refinancing building lots and unimprovedreal property. Please contact one of our lenders in Danville or Lancaster for further details regarding interest rates and terms.
A new computer, furniture, home repairs, an auto purchase or even emergency expenses….these are just a few reasons you might need a personal loan.
CKF offers flexible rates and terms for both secured and unsecured financing to fit your needs and your budget. You may apply for a personal loan by contacting one of our lenders in Danville or Lancaster today.
We also have loans available to our business and farming communities. Whether you are looking for a loan or a line credit to support or expand your business or your farming operation, we will work to accommodate your needs. Contact one of our lenders in Danville or Lancaster for details regarding interest rates and terms.
Commercial loan financing options include but are not limited to:
- Non-residential real property
- Land Development Loans-for improving real property prior to the construction of residential or non-residential structures
- Construction Loans- for one-to-four family residential, multi-family residential or non-residential structures
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