Kentucky Farmers Bank accepts applications from individuals living in our service area (generally defined as Boyd, Greenup & Lawrence County, KY, Wayne and Cabell County, WV and Lawrence County, OH) for loans secured by automobiles. See our competitive interest rates for the rates and terms under which we are currently approving loans for qualified applicants secured by automobile titles.

• Secured by Real Estate
  Kentucky Farmers Bank accepts applications from individuals living in our service area (generally defined as Boyd, Greenup and Lawrence County, KY, Wayne and Cabell County, WV and Lawrence County, OH) for loans secured by real estate owned by the applicant. See our competitive interest rates for the rates and terms under which we are currently approving loans secured by real estate for qualified applicants. We will not accept less than a second lien position on any real estate. If you qualify, you may borrow up to 80% of the appraised value of your home.
  To calculate the amount for which you qualify, multiply the appraised value of your home by 80% for maximum borrowing, and subtract your present mortgage balance. See how much additional money you may borrow.

  EXAMPLE:

  VALUE OF THE PROPERTY $100,000
  TIMES 80%
  
  BORROWABLE EQUITY $ 80,000
  LESS PRESENT MORTGAGE $ 50,000
  
  AMOUNT AVAILABLE $ 30,000

  A 2nd Mortgage Real Estate loan is defined as real property that is security for a federally related mortgage loan, but has a subordinate lien which is 2nd to a 1st mortgage.

• Secured by Deposit Account
  Kentucky Farmers Bank accepts applications from individuals living in our service area (generally defined as Boyd, Greenup and Lawrence County, KY, Wayne and Cabell County, WV and Lawrence County, OH) for loans secured by monies on deposit with the bank. Qualified applicants may borrow up to 100% of the amount of the deposit account being pledged at a 3% spread between the deposit interest rate and the loan interest rate. Kentucky Farmers Bank is an Equal Opportunity Lender.

  Example:
  Your certificate of deposit is earning an Annual Percentage Yield of 4.0%, the loan being secured 100% with the certificate of deposit would have an Annual Percentage Rate of 7.0%

• Unsecured Loan Reserve Account
  Kentucky Farmers Bank accepts applications from individuals living in our service area (generally defined as Boyd, Greenup and Lawrence County, KY, Wayne and Cabell County, WV and Lawrence County, OH) for Unsecured Personal Lines of Credit. Loan Reserve means that we've approved, in advance, a personal, unsecured loan to balance your account if you should overdraw. Use your good credit to qualify for our plan, and your checking account will become a personal loan account. You may write your own loan any time you need extra money for pleasure or an emergency.
  
  The minimum monthly payment will equal the greater of $10.00, or 5% of the Loan Account Balance on the last day of the Billing Cycle. Access to available funds may be attained by using the line of credit for overdraft protection on your Kentucky Farmers Bank checking account. There is an annual fee of $20.00. Kentucky Farmers Bank is an Equal Opportunity Lender. See our competitive interest rates.

• Unsecured Property Improvement Loan Program
  This loan is great for making those small property improvements without using any collateral. See our competitive interest rates. To qualify the following criteria must be met.
  • A completed loan application.
  • A perfect rating on your credit report.

  
  If you qualify you may receive a loan for up to 5 years and up to $7,500.

Kentucky Farmers Bank accepts applications from individuals living in our service area (generally defined as Boyd, Greenup and Lawrence County, KY, Wayne and Cabell County, WV and Lawrence County, OH) for Unsecured Personal Loans. Terms up to 36 months are available. Kentucky Farmers Bank is an Equal Opportunity Lender.

• Fixed Rate Mortgage Loans
  Shopping for a consistent monthly Principal and Interest payment?
  Our Conventional Residential Better Mortgage Program may be for you.
  • Minimum Loan Amount $25,000
  • Minimum Property Value $50,000
  • Owner Occupied
  • Mobile Home Loans & Multiple Unit Dwellings Are Not Eligible
  • Payment Automatically Deducted From KFB Checking Account
  • 80% of Purchase Price or Appraised Value Whichever is Less
  • See our competitive interest rates.
    
    
• Other Fixed Rate Mortgage Loans
  If your borrowing needs for a mortgage do not qualify for the Better Mortgage Program we have an option for you. You may borrow money to purchase or repair rental property, purchase vacant land or building lots, etc. with no minimum loan amounts or no minimum property values.
  
  • 80% of Purchase Price or Appraised Value Whichever is Less on 1st Mortgage Real Estate
  • 75% of Purchase Price or Appraised Value Whichever is Less on Land Development
  • 65% of Purchase Price or Appraised Value Whichever is Less on Raw Land
  • See our competitive interest rates.
    
    
• Adjustable Rate Mortgage Loans
  Your interest rate will be based on an index plus a margin, rounded to the nearest 0.125%. The index is the highest rate on corporate loans posted by at least 75% of the USA's thirty largest banks known as The Wall Street Journal Prime Rate.
  
  The interest rate adjustment is reviewed annually with a 1% maximum increase or decrease per year.
  
  Example:
  Loan date of 11/05/00 the notice of interest rate change, payment
  change, loan balance and other required information will be
  generated 11/5/01. The new payment will be due 12/5/01.
  • Lower Start Rates
  • Protected By Rate Caps
    • Anniversary Cap 1%
    • Life Cap
      15 Year Loan 5%
      20 Year Loan 6%
    • 2% Margin