Kentucky & Indiana Home Loans

 

+ Examples for 15-year and 30-year fixed loans are for illustrative purposes only.

* Promotional rates effective September 9, 2020. All promotions, terms, and conditions subject to change without notice. All loans are subject to credit approval and program guidelines. Rates may vary based on individual creditworthiness. Lowest promotional rate at 2.50% APR is available for 15-year fixed term with minimum loan amount of $75,000 for a primary residence, in first lien position, having a maximum loan to value ratio of 80%, a max debt to income ratio of 38%, resulting in a monthly payment of $1,333.58. Loan fixed rates (APRs) do not include items such as prepaid interest, optional owner’s title insurance, and optional escrow services, which could increase the effective APR. Payment examples do not include amounts for taxes and insurance. The monthly obligation for all loans will be greater if taxes and insurance are included, and an initial customer deposit may be required if an escrow account for these items is established. All promotional re-finance fixed mortgage loans at 7, 15, 20, and 30-year terms require minimum loan amount of $75,000. Additional restrictions may apply. Past or present credit history including items such as liens, bankruptcy, charge-offs, delinquent accounts, or multiple slow payments exceeding 60 days, do not qualify for the promotional mortgage program terms. All terms and conditions are subject to change without notice. Existing Transcend Credit Union mortgage loans do not qualify. Contact us for additional details at (502) 459-8004 or (800) 292-9490.

Interest Rates Certified by Datatrac
Rates accurate as of 09/24/2020

Home Loans - Purchase or Refinance


Zero Is Your Hero
Home Loan

 

  • Zero PMI
  • Zero Closing Costs
  • Zero prepayment penalty
  • 30 Year Fixed Rate

Interest rates
as low as1
3.250% 


APR as low as1
3.250%
Term:
30 Year 


Down Payment:
5% minimum


Minimum loan amount of $75,000. Loans must be for a primary residence, in first lien position. Borrower debt to income ratio may not exceed 38%. Lowest quoted rate requires a maximum loan to value (LTV) of 80%. Additional conditions and restrictions may apply. 
Retire Your Mortgage




  • No Closing Costs
  • Below market rates
  • Cash out options available
  • No prepayment penalty

Interest rates
as low as1
2.500%


APR as low as1
2.500%
Term:
7 to 20 Year


Max Loan to
Value (LTV):  
80% 

Minimum loan amount of $75,000. Loans must be for a primary residence, in first lien position. Borrower debt to income ratio may not exceed 38%. Cash out eligibility up to 80% loan to value. Additional conditions and restrictions may apply. 
 
Transcend Zero Down Home Loan
 

  • No PMI
  • No Closing Costs
  • Up to 100% Financing
  • Competitive Rates

Interest rates
as low as1
2.875%


APR as low as1
2.875%   
Term:
5 Year Adjustable with
30 Year Amortization


Down Payment:
Not required
The 5/5 ARM rate adjusts every 5 years. 5/5 ARM Repayment Example: $100,000 financed at 4.50% annual percentage rate (APR) with a term of 60 months would result in a principal and interest payment of $506.69; if the rate were to adjust to 6.50% APR, 60 payments at $615.51; if the rate were to adjust to 8.50% APR 60 payments at $716.43; if the rate were to adjust to the cap of 10.50% APR 60 payments at $804.20. Payments do not include amounts for taxes and insurance premiums and the monthly payment obligations will be greater if taxes and insurance are included. The principal and interest portion of your payment may be higher at the beginning of each new ARM term based on market conditions. Loans must be for a primary residence, in first lien position. Additional conditions and restrictions may apply. 

Conventional Loans




  • Fixed rate
  • Wide range of options available
  • No prepayment penalty

Interest rates
as low as1
2.250%


APR as low as1
2.768%
Term:
10 to 30 Year


Down Payment:
3% minimum


FHA Loans



  • Reduced mortgage insurance rates
  • Wide range of options available
  • No prepayment penalty

Interest rates
as low as1
2.375%


APR as low as1
2.711%
Term:
15 & 30 Year

    
Down Payment:
3.5% minimum

FHA loans are subject to an up-front mortgage insurance premium of 1.75% of the loan amount, in addition to a monthly mortgage insurance premium, depending on the loan term and loan-to-value (LTV). 
VA Loans



  • Available to eligible service members
  • Up to 100% financing available
  • No prepayment penalty

Interest rates
as low as1
3.250%


APR as low as1
3.686%
Term:
15 & 30 Year


Down Payment:
0% minimum

100% financing loans include an additional funding fee, which may be financed up to the maximum loan amount. Product features are subject to approval. Available for purchase loans only. 

Rural Development
(RD) Loans


  • Available when property and income meet USDA eligibility criteria
  • Reduced mortgage insurance rates
  • No prepayment penalty
  • Up to 100% financing available

Interest rates
as low as1
3.375%


APR as low as1
3.776%
Term:
30 Year


Max Loan to     
Value (LTV):
100%

100% financing loans include an additional funding fee, which may be financed up to the maximum loan amount. Product features are subject to approval. Income restrictions do apply. 

Home Equity Line of Credit (HELOC)


Sometimes, life throws a few curve balls. When it does, the equity in your home may help you handle home repairs, car repairs, or other unexpected expenses. A Home Equity Line of Credit from Transcend Credit Union can give you the peace of mind and spending power you need at a moment’s notice.


 

 APR= Annual Percentage Rate. Home Equity Lines of Credit are variable-rate loans. Rates as low as 3.250% APR and are based on creditworthiness, so your rate may differ. The plan has a maximum APR of 18%. All loans subject to approval. Proof of property insurance is required.


Transcend Credit Union and its employees who are Mortgage Loan Originators are registered in the Nationwide Mortgage Licensing System (NMLS). Their identification numbers are as follows:


Transcend Credit Union 456634
Savannah Dawn Abreu 1795367
Shauna C. Aponte 1673798
Vanessa Elaine Blevins 1505700
Kimberly Ann Cavanah 1740354
Aliani Viva Hernandez 1221053


Matthew R. Holbrook  434710
Carrie L. Schneidtmiller 874672
William James Schuhmann 1722838
Aferdita Sherifi  1433107
Stephanie Stegner 1575774
Dana Suell  476931