Paducah Federal offers several different mortgage options to its members.
The rate* on this mortgage is fixed for the full 10 years term. However, the payments can be amortized over a period of 30 years with a balloon payment due at the maturity date in 10 years. This loan applies to first mortgages only with the exclusion of mobile homes. Contact a loan officer for rates and qualification requirements.
This mortgage rate* is fixed for the first five years and will be reviewed annually on the last day of the month in which the plan opened. The rate cannot increase or decrease more than one percentage point at each adjustment. The annual percentage rate cannot increase more than 5% above the initial rate or decrease below the floor of 4%. The first mortgage term is 25 years. Mobile Home first mortgage term is 20 years. Second mortgages (excludes mobile homes) and Land only terms are 12 years. Contact a loan officer for rates and qualification requirements.
This mortgage allows you to access the equity you have built in your home. This loan is a variable rate* mortgage and will be reviewed annually on the last day of the month in which the plan opened . The rate cannot increase or decrease more than one percentage point per review. The annual percentage rate cannot increase more than 4% over the life of the loan. The maximum term for a 1st mortgage is 20 years and 15 years for a 2nd mortgage. Mobile homes are limited to first mortgage only. Contact a loan officer for rates and qualification requirements.
This mortgage rate* is fixed for 12 months during the construction of a new home. Contact a loan officer for rates and qualification requirements.
* Contact a Loan Officer for interest rates
Paducah Federal Credit Union is federally insured by the National Credit Union Administration. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Membership is limited. NCUA now insures member accounts up to $250,000 - ncua.gov
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