Home Loans

Mortgages

KCT has the keys to your new home loan

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Looking for a new home? Are you ready to refinance your existing home mortgage?

Free appraisals 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, 2017.

Home Equity

Equity is the difference between your home’s market value and the balance still owed on your mortgage loan. For example, if the market value of your home is $200,000, and your outstanding mortgage loan balance is $150,000, then your equity would be $50,000.

Home Equity Fixed Rate Loan (HEFR)

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.

• No application fees.
• Use up to 85% of the equity in your home.
• Tax deductible interest (check with your tax advisor for complete details).
• Credit limits from $15,000 to $250,000.**
• Balloon payment options available.

*Annual Percentage Rate (APR). 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. Offer valid through June 30, 2017.

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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.

• No application fees.
• Use up to 85% of the equity in your home.
• Tax deductible interest (check with your tax advisor for complete details)
• Credit limits from $15,000 to $250,000*.
• Rates may adjust quarterly.

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**Equity loans are available for loan amounts $5,000 to $14,999 and are subject to an additional 1.5% added to the APR for the product for which you are qualified. The rate you actually receive will be based upon your credit worthiness.