Mortgages
No matter if you’re buying your first home, second home or home away from home, we’re here to help you through the process every step of the way. Together, we will find a solution that best fits your needs.
Open Fixed Rate Mortgage
No surprises here. With a fixed rate mortgage, the interest rate remains the same for the entire life of the loan making budget planning a breeze. Enjoy consistent monthly payments and protection from rising rates, giving you peace of mind throughout the term of your loan.
Open Adjustable Rate Mortgage
As the market rates fluctuate, so will an adjustable rate mortgage. While this can lead to cost savings in the short term, it’s important to be prepared for possible rate adjustments that could impact your budget in the future.
Call or stop by your nearest Independence Bank location today for current rates, terms and conditions.
Open Balloon Mortgage
For this loan the ratio of principal to interest changes throughout the repayment period, typically leaving a large balance at the end of the loan life. This is an ideal option for commercial property or land.
Call or stop by your nearest Independence Bank location today for current rates, terms and conditions.
Open Kentucky Housing Corporation: FHA/USDA Mortgage
Qualified applicants, both first time and repeat homebuyers, may be eligible for this government backed loan with down payment assistance available. This program can help make homeownership more accessible by providing financial support and favorable loan terms to eligible buyers.
Call or stop by your nearest Independence Bank location today for current rates, terms and conditions.
Open Refinancing
Need to change your loan terms? Refinancing your existing loan with a new one could be a great solution. This process can help you secure a change in interest rate or adjust your loan term, potentially saving you money and improving your financial situation.
Call or stop by your nearest Independence Bank location today for current rates, terms and conditions.
Open Bridge Loan
This short term loan helps homebuyers during the transaction period of buying and selling a home, secured by your existing home.
Call or stop by your nearest Independence Bank location today for current rates, terms and conditions.
Open Home Equity Line of Credit (HELOC)
Life doesn’t wait, and neither should you. Take the liberty to access the equity in your home to fund your goals. Like remodeling your home, sending your child to college or finally taking that vacation you’ve always wanted. The freedom is yours.
Benefits include:
- Consistent payments
- Easy access to approved funds through convenience checks
- Up to 85% loan-to-value not to exceed $250,000
Call or stop by your nearest Independence Bank location today for current rates, terms and conditions.
Open Construction Loan
Building a home? You many need a short-term loan during construction that covers building costs, prior to permanent financing. This one is for you.
Open Jumbo Loan
For home loans exceeding $510,400, a jumbo loan offers additional fixed and adjustable rate options.
Call or stop by your nearest Independence Bank location today for current rates, terms and conditions.
Prefer to start your journey from the comfort of home? We offer a variety of lending options, many of which you can apply online today and get prequalified.
Mortgage Loan Error Resolution & Information Request Disclosure
Under Federal law, you have certain rights that relate to the resolution of certain servicing errors and the response to requests for information regarding your mortgage loan, including but not limited to; billing for amounts due, collecting and allocating payments, maintaining and disbursing funds from escrow accounts, maintaining property insurance coverage, imposition of fees or charges, accurate payoff balance amounts, accurate and timely transfer of information to transferee servicer, pursuing collection and loss mitigation activities, including foreclosure, and loan modifications. Your rights include receiving a written acknowledge to a qualifying notice of error or request for information within 5 business days after receipt, and response within 30 days after receipt.
To qualify a notice of error or request for information must:
- Relate to the servicing of your mortgage loan
- Be submitted in writing and contain the following information:
- Your name
- Your loan number or other information so that we can identify your loan
- An explanation of the error you believe has occurred or a statement of the information you are requesting
- Be submitted to us by one of the following methods:
- Email loperations@1776bank.com or,
- U.S. Postal Service to:
Independence Bank
Attn: Loan Operations
P.O. Box 1349
Owensboro, KY 42302 – 1349
If you orally notify us of a servicing error or request information and are unsatisfied with the resolution, please submit your notice or request in writing as previously described.
Personal Loans
Just like you, we have goals. Ours just happens to be to help you meet yours. Our personal loans make it easy for you get the financing you need for all of life’s big and small moments.
Open Home Equity Line of Credit (HELOC)
Life doesn’t wait, and neither should you. Take the liberty to access the equity in your home to fund your goals. Like remodeling your home, sending your child to college or finally taking that vacation you’ve always wanted. The freedom is yours.
Benefits Include:
- Consistent payments
- Easy access to approved funds through convenience checks
- Up to 85% loan-to-value not exceed $250,000
Call or stop by your nearest Independence Bank location today for current rates, terms and conditions.
Open Agricultural Lending
Feel the freedom to expand your land. We work cooperatively with other farm lending programs like USDA Farm Service Agency Loan Programs or the Kentucky Agriculture Finance Cooperation so we can be an invaluable partner to you.
Open Operating Lines of Credit
From off-season expenses, to equipment maintenance costs, our operating line of credit provides you with the short-term cash you need to help keep your farm production growing.
Open Real Estate Loans
With flexible repayment terms, a real estate loan can help you get the capital you need to start or grow your farm.
Open Equipment Loans
Enjoy flexible repayment terms for both new and used machines, from small tractors to large combines.
Call or stop by your nearest Independence Bank location today for current rates, terms and conditions.
Purchasing a home can be simple with the right set of tools. Visit our Mortgage Resource Center to learn about your home equity, access financial calculators or set a mortgage rate watch notification.