Our Fixed Rate First Mortgage program is flexible. We offer terms of 10, 15, 20, and 30 years so that you get the right payment and terms for your needs. We loan up to 95% of the property evaluation (anything over 80% requires Private Mortgage Insurance, known as PMI). This means you keep as much money in your pocket as possible. Fixed Rate First Mortgage loans could be subject to an origination fee. Our competitive rates are based on the term you choose, and there is no fee to lock in on a rate. You can also set up an optional escrow account which we pay dividends on at regular share rates.
L&N Federal Credit Union is committed to providing you unsurpassed service. That is why we never sell the servicing of your mortgage to another company. You never have to worry about where your mortgage is from day to day. Count on L&N Federal Credit Union to serve you.
For more information on our Home Mortgage programs, contact our Real Estate Department at (800) 292-2905 or (502) 368-5858. Or, contact us by filling out our Contact Form.