Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view,download Adobe® Acrobat Reader.
Transcend Credit Union

Kentucky & Indiana Home Mortgage Loans

 

Rates accurate as of 11/12/2018

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
4.875% 


APR as low as1
4.875%
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
4.125%


APR as low as1
4.125%
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. 

First Time
Homebuyer Loan                
 



  • No PMI
  • No Closing Costs
  • 30 Year Fixed Rate       
  • Only 3% down payment                     



Interest rates  as low as1
5.625% 


APR as low as1
5.625%
Term:
30 Year


Down Payment:  
3% minimum

                                 
Minimum loan amount of $100,000. Loans must be for a primary residence, in first lien position. Borrower debt to income ratio may not exceed 35%. Additional conditions and restrictions may apply. 

Transcend 5/5
Adjustable
Rate Home Loan                                
 



  • No PMI
  • No Closing Costs       
  • Up to 95% Financing
  • Competitive Rates                                                     

Interest rates  as low as1
4.625%


APR as low as1
4.625%   
Term:
5 Year Adjustable with
30 Year Amoritization


Down Payment:  
5% minimum

                         
The 5/5 ARM rate adjusts every 5 years. 5/5 ARM Repayment Example: $100,000 financed at 4.25% annual percentage rate (APR) with a term of 360 months would result in a principal and interest payment of $491.94. 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
4.375%


APR as low as1
5.077%
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
4.625%


APR as low as1
5.252%                  
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
4.625%


APR as low as1
4.983%                  
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
5.000%


APR as low as1
5.516%
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)2


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.

 1APR= Annual Percentage Rate. APR does not include items such as prepaid interest, optional owner's title insurance, and optional escrow services, which could increase the effective APR. The monthly obligation 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 loans subject to credit approval. Rates are based on evaluation of credit history, loan-to-value, and loan term, so your rate may differ. All rates, terms, and conditions are subject to change at any time without notice. Many of these programs carry discount points which may impact your rate. Other restrictions may apply. Payment example: $100,000 mortgage for a term of 84 months (7 years) at lowest promo rate of 4.125% APR will result in a monthly payment of $1372.64. 

 2APR= Annual Percentage Rate. Home Equity Lines of Credit are variable-rate loans. Rates as low as 5.00% APR and are based on creditworthiness, so your rate may differ. The plan has a maximum APR of 18%. All loans subject to approval. Closing costs typically range between $500 and $800. The closing costs depend on the location of the property and the amount of the Equity Loan/Line. 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 Adam M. Reynolds 191691
Sandra Brown 1747372 Savannah Dawn Saylor 1795367
Kimberly Ann Cavanah 1740354 Carrie L. Schneidtmiller 874672
Aliana Viva Hernandez 1221053 William James Schuhmann 1722838
Julie Hess 809539 Aferdita Sherifi 1433107
Matthew R. Holbrook 434710 Stephanie Stegner 1575774
Mercedes Alonso Reyes 476462  Dana Suell 476931