Of all the decisions involved with buying a home, one which will have the largest long-term impact on your financial future is the mortgage you choose. With the right home loan, you can move into a home affordably now and make affordable payments over the course of your mortgage.
First Savings Bank offers a wide variety of home purchase loan options in Kentucky so that you can find the loan that works for you.
The FHA mortgage program is backed by the Federal Housing Administration (FHA), making qualification requirements flexible and mortgage rates affordable. Down payments for FHA mortgages can be as low as 3.5%.
Another government-insured loan program you can use for home purchase is the VA loan program. This program, backed by the Department of Veterans Affairs (VA), is open to qualifying veterans, active duty service members, and surviving spouses.
Conventional loans with fixed and adjustable mortgage rates offer flexible financing options with competitive features. It is possible to obtain a conventional mortgage with a down payment as low as 3%.
When the amount of financing you need exceeds the conventional loan limits, you can purchase a home in Kentucky using a jumbo mortgage.
Picking the right type of mortgage involves considering factors like your credit score, income, existing debts, employment status, and characteristics of the home you would like to buy.
It also involves thinking about the future. How long do you plan to live in the home? What mortgage rate can you afford? What about PMI?
Answering these questions on your own can be difficult, but you do not need to. The loan experts at First Savings Bank can review all of these details and questions with you to help you pick the loan which will be ideal for your needs.
Our wide variety of home purchase loans means that the right loan may already be waiting for you. Give us a try to see what we can do for you.
We work hard to make down payments affordable. This might mean helping you qualify for a program like FHA or VA. Or it could mean helping you to apply for a purchase money second mortgage loan which you can use to cover your down payment. We pair you up with a solution that is right for you.
Your credit score does not need to stop you from qualifying for an affordable loan, even if it is not ideal. In fact, we offer loans specifically to help you rebuild your score while purchasing a Kentucky home.
First Savings Bank is “Where you’re always First.” That is our motto, and we live by it through every aspect of what we do. We are dedicated to making sure that you get answers to all your questions and are confident in the mortgage you choose.
What Our Clients Are Saying
First Savings Bank Louisville is located on 295 N Hubbards Ln #302, Louisville. From Louisville International Airport (SDF) head southwest on Terminal Dr and take the ramp onto I-264 E. Then use the right 2 lanes to take exit 21 for KY-1447 W and use any lane to turn left onto KY-1447/Westport Rd. Finally, turn left onto Castleview Dr, turn right and First Savings Bank Louisville will be on your left.
Monday through Friday 8:30AM–5PM.
For additional questions you can call us at (502) 238-9655 or you can find us on Superpages.
First Savings Bank Louisville NMLS ID: 411341 is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.
Amid global concern about COVID-19, we will continue to be here for our customers.
As people and companies all across the country take additional preparations to protect against the Coronavirus (COVID-19), we acknowledge that your mortgage concerns will likely not be taking a break. At this time, we will remain open full-time and will continue to service our customers with the same fast response times you’ve come to expect from us.
Due to the increasing number of reported cases in the U.S., we are continuously monitoring the situation. We will also continue to actively assess the necessary actions we need to take in order to ensure the health and safety of our customers, employees, and their families. We hope that you will join us in taking some basic and important measures, such as frequent hand washing, to keep communal risk low.