For FHA rates, please contact one of our Mortgage Loan Specialists.
*Mortgage loan rates may vary by loan amount, term, and availability. Until a mortgage loan rate is "locked" for a specific period of time, APR and loan terms are subject to change. Rates vary depending on property type, loan amount, down payment, loan-to-value (LTV), the property's appraised value, personal credit score and owner occupying the property. ARM rates are subject to increase during loan term and vary depending upon the selected ARM. Rates assume a 20% equity position and payment of customary fees at loan closing. Private mortgage insurance may be required when the LTV is over 80%. The cost varies based on the loan program and LTV. Interest rates are typically higher for "Jumbo" loans. Other terms and conditions may apply.
APR calculations assume a loan amount of $100,000 on a single-family owner-occupied residence with an LTV of less than 80% with 30 days of prepaid interest. Monthly payment calculation using the monthly factor assumes a loan amount of $100,000 and includes principal and interest only. PMI, hazard insurance, property taxes, state taxes, mortgage taxes and any other reoccurring costs are not included.
Monthly payment can be calculated by using the factor per thousand of the loan amount in the table above. (Example: assuming a loan amount of $100,000 on a 30 year fixed rate conventional loan with a rate of 3.875%: 100 x 4.7024 = $470.24/month)
Rates may be higher for loans greater than $417,000.00. Closing costs assume an escrow account will be established unless otherwise specified. All loans subject to underwriter approval. Rates are subject to change without notice. Other fees and charges may apply. The Bank of Kentucky is an equal housing lender, member FDIC.