Mortgage & Home Equity

Buying a home is one of the biggest decisions you’ll make.  Members Heritage is here to guide you step-by-step through the process.  Whether you are purchasing or refinancing a home, we are committed to providing you with the best service, as well as making the home financing process as easy and hassle-free as possible.

We offer a variety of mortgage loan options:

  • First Mortgages available in most states.
  • Flexible terms available: 10, 15, 20, or 30 years.
  • FHA loans, VA loans, and unimproved land loans also available.
  • Adjustable rate mortgages (ARM’s) and fixed rates mortgages offered.
  • Home insurance coverage plans available.
  • No prepayment penalty.

apply for a first mortgage online

With every mortgage payment you make, you’re building equity in your home. Why not use it for the things you want with a Members Heritage Second Mortgage. These mortgage loans are secured by the equity in your property.

  • Fixed rate loan with terms up to 20 years.
  • Closed-end, one time advance.
  • Flexible payment terms available.
  • Loan-to-value ratio up to 100%.
  • No prepayment penalty.
  • Interest paid may be tax deductible. (consult your tax adviser).
  • Available in KY and IN, only.

print an application

 

 

Variable rate loan with a 7-year draw period (15-year repayment period).

  • Specific credit limit set; checks provided for easy access.
  • Minimum first time advance is $500; subsequent advances are $100 or more.
  • Loan-to-value ratio up to 100%.
  • No prepayment penalty.
  • Interest paid may be tax deductible (consult your tax advisor)
  • Available in KY and IN, only.

print an application

*All loans subject to approval. Members Heritage complies with the Equal Credit Opportunity Act.