Kentucky Bank Helps Families Buy Homes
Buying a home is likely to be the largest purchase someone will ever make and navigating the home buying process can be confusing. “Kentucky Bank’s mortgage lenders have the experience and know how to make the process simpler for you and help you get the best type of mortgage loan for your life. We have helped many families that thought they may never own a home make that dream a reality. Kentucky Bank’s mortgage professionals can help you understand how much you can afford and the types of funding available. Throughout the process the lenders are very invested with the home owners, they work with the buyers every step of the way”, said William Hough, Executive Vice President and Director of Retail Banking.
Kentucky Bank made 568 loans for $89 million in home loans in 2016. This spring, through the welcome home program, we helped 25 families become new home owners. Each of those families received a $5,000 grant for down payments and closing costs.
The Welcome Home Program (WHP) is provided by the Federal Home Loan Bank, offering grants to fund reasonable down payments and closing costs incurred in conjunction with the buying or construction of owner-occupied home by qualifying homebuyers. Welcome Home funds were available on a first-come, first-served basis beginning March 1st through April 17th. Kentucky Bank hopes to be able to offer this program again in 2018.
Kentucky Bank has 17 offices throughout Kentucky. Kentucky Bank is honored to have earned BAUER FINANCIAL Inc.’s highest 5-Star Superior rating. A 5-Star rating indicates that Kentucky Bank is one of the strongest banks in the nation. Kentucky Bank has also been recognized as one of “The Best Places to Work in Kentucky” for the past 5 years. Kentucky Bank’s stock symbol is KTYB.