Home Loans

KCT has the keys to your new home

Get Started

Receive a free appraisal valued up to $500

KCT’s Mortgage Program offers flexible down payment options and terms to give you the widest range of choices:

• First time home buyer programs
• No Closing Cost Option
• Options for less than perfect credit
• Fixed Rate Loans
• Refinances
• Retained Servicing

Our online tools allow you to calculate mortgage payments and research interest rates.

Apply Online or call KCT 24/7 at 847-741-3344, prompt #2 today!
 

We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.
*Free appraisal on refinance or purchase of principal residence single-family homes. Free appraisal on conventional loans only for 15, 20 and 30 year fixed-rate mortgages with a minimum loan amount of $125,000. Offer valid thru June 30, 2018.

Home Equity Loans

Equity is the difference between your home’s market value and the balance still owed on your mortgage loan. You can use your home’s equity to fund home improvement projects, paying down large debts or financing unexpected expenses or emergencies.

Apply now

Home Equity Fixed Rate Loan

A Fixed-Rate Home Equity Loan offers members the comfort and security of fixed monthly payments and fixed rates for the life of the loan. These home equity loans are great for home improvement projects and debt consolidation.

• Use up to 85% of the equity in your home.
• Interest may be tax deducible (consult your tax advisor to find out if you qualify)

Apply now

Home Equity Line of Credit (HELOC)

A home equity line of credit is perfect for ongoing home improvement projects, college tuition payments, or an emergency line of credit. This option provides the flexibility and convenience to access funds (up to your approved limit) when you need them.

• Use up to 85% of the equity in your home.
• Interest may be tax deducible (consult your tax advisor to find out if you qualify)

Apply now

*Annual Percentage Rate (APR). Home Equity Fixed Rate. Advertised rate is based on excellent credit history. Membership and other qualifications apply. The interest rate you receive will be determined by your creditworthiness. Payment example 1: a $5,000 loan with a 60-month term at 3.74% would have 59 payments at $91.63 and a final payment of $91.40. Payment example 2: a $15,000 loan with a 60-month term at 3.49% would have 60 payments at $273.17. Payment may vary from example if electing KCT Protection. Rates subject to change. All loans subject to approval.

Home Equity Line of Credit (HELOC). The intro rate of 1.99% APR is valid for the first 6 months following your closing. Afterwards, your rate will change to the prevailing rate based on the Prime Rate, currently at 4.75% APR, lien position and amount requested. The APR for KCT’s HELOC may change quarterly on January 1, April 1, July 1 and October 1 based upon the Prime Rate as reported by the Wall Street Journal. The floor for KCT’s HELOC is 4.00% APR, and the ceiling is 18.00% APR. Owner occupied, primary residence only. Interest may be tax deductable, consult your tax advisor to find out if you qualify. Minimum HELOC line amount is $5,000. Rates subject to change. All loans subject to approval. Membership and other qualifications apply. 

¹KCT Credit Union will waive closing costs if credit line is $15,000 or greater. Closing costs include a $245 appraisal fee (approximate) and a $65 title search fee. You may be charged a $50 inactivity fee if no transaction is made within 12 months. A late charge of 5% or $10, whichever is greater, will be assessed if payment is more than 10 days late.