Get the best mortgage loan for you

When you decide to buy a home or refinance a mortgage, it's a big step. You can trust us to find the loan program that's best for you.

Buying a new home is a source of anxiety, frustration -- and a huge sense of accomplishment. Trust our professionals to find the mortgage loan that best fits your needs, too. "Less paperwork and more personal attention" means you enter a frustration-free zone from application to decision. We can help you get there.

Refinancing your current mortgage has never been easier. We make it easy and worry-free to reduce your interest rate and monthly payment. Let our professionals guide you to the very best refinanced loan!

Mortgage Loans

There is a range of mortgage choices available for home loan financing. Some offer payments that are set for the life of the mortgage, while others feature smaller initial payments that will fluctuate with interest rate changes. Your choice in financing will depend on your unique set of circumstances and your financial lifestyle. To help you make an informed decision, we will make sure you understand the best option for your current situation.

Fixed Versus Adjustable Rate

• Fixed-Rate Mortgage - This type of financing features an interest rate that is set for the life of the loan, offering predictable monthly payments. This loan usually has a higher interest rate than an adjustable-rate mortgage.
• Adjustable-Rate Mortgage (ARM) - ARMs often start with an interest rate that is usually lower than fixed-rate mortgages. But the interest rate (and your monthly loan payment) will move up or down according to market conditions. Most ARMs have interest rate caps both annually and over the life of the loan to help prevent dramatic changes in rates.

Special Home Loan Financing

South Central Bank offers several government-sponsored home ownership incentive programs. These special financing options are designed to lower your interest rate, down payment amount and/or closing costs. Here are a few examples:

• Federal Housing Association (FHA) loans - These loans offer the benefit of a low, 3.5% down payment. 
• Veterans Affairs (VA) Loans - VA loans make 100-percent financing available to qualified military veterans with at least six months of active duty. This loan is also available to the unmarried spouses of a deceased veteran whose death was service related, or spouse of an MIA or POW.
• Kentucky Housing Corporation (KHC) - KHC loans are great for the first-time home buyer. They are subject to income guidelines.

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Have Questions?  Visit our Frequently Asked Questions.