Routing #283978425

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The Credit Union is currently working with CUselect to provide competitive rates and guaranteed services, such as VA and FHA lending.

Click here for current mortgage rates. (PDF file)

Mortgage Loan Originators list | Mortgage Resource Center | Mortgage Subordination

Commercial Real Estate Loans

• Purchase, refinance and financing loans for office buildings, apartments, retail buildings, single and multi-purpose facilities
• Flexible interest rates and terms
• Fort Knox Federal Credit Union is an approved US Small Business Administration (SBA) lender
• Call your local branch (Michael Richardson - extension 6705) for more information
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Construction Loan Guidelines

• Must be for construction of primary residence within a 50 mile radius of any FKFCU branch, 25 acre limit, without survey
• Maximum loan amount: $417,000
• Down payment: Minimum 10%

Interest Rate: Interest rate is .25% over current posted first mortgage rate, member pays closing costs. That is if the member has 20% Equity or 80% appraised value or purchase price, whichever is lower. With 10% Equity, 90% appraised value or purchase price, whichever is lower, the interest rate is .50% over posted first mortgage rate, member pays closing costs
• Maximum loan to value: 90% (with no PMI)
• Monthly interest only payments during construction process (generally, 9 months consisting of 5 draws)
• One time closing and prevailing mortgage rate locked in at time of closing
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Raw Land Loan

• 30% Equity (finance up to 70% of appraised value or purchase price, whichever is less)
• Finance up to 25 acres
• Member Pays all related closing costs
• Mortgages within a 50-mile radius of any branch within the state of KY
• Terms up to 15 years
• Interest rate will be 7.95% APR*
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