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Mortgage Lending


Get on the road to financial freedom by consolidating
high interest rate credit card debt and student loans.

Apply for a 15 year Preferred
Home Equity Line of Credit between
September 1, 2016 and October 31, 2016 to
qualify for NO CLOSING COSTS!*

*To qualify for No Closing Costs, the new credit line request or increase must be for a minimum of $10,000

Rates as low as 2.75% APR!

The annual percentage rate (APR) may vary. Rates, terms and conditions are subject to change and may vary based on credit worthiness, qualifications and collateral conditions. All loans are subject to credit and property approval. APR will not exceed 21%. An annual fee of $20 will apply. An early termination fee of $350.00 is charged on lines that close within 36 months of opening. Additional fees, terms and conditions may apply. Property and flood insurance (if applicable) are required.

15 year Preferred Home Equity Line of Credit Disclosures: The annual percentage rate (APR) is variable and may vary each month with the Prime Rate as published in the Wall Street Journal (WSJ) plus a margin. As of August 1, 2016, the Prime Rate is 3.50%. The variable rate for lines of credit ranges from Prime + 0.00% (currently 3.50% APR) to Prime + 17.50% (currently21.00%). The APR may increase or decrease based upon an increase or decrease in the index. To determine the Periodic Rate that will apply to your account, we add a margin to the value of the Index, then divide the value by 12 (monthly). To obtain the APR, we multiply the Periodic Rate by 12 (monthly). The APR can change monthly. There is no limit on the amount by which the APR can change during any one year period. However, under no circumstances will the APR exceed 21.00% per annum or go below 2.75% per annum at any time during the term of the Plan. In the event that margin is higher than 2.75%, the lowest the Periodic Rate and corresponding annual percentage rate can be is equal to the margin. Interest will begin to accrue on the date credit advances are posted to your credit line. Interest will be charged based on the “average daily balance”. The average daily balance is determined by taking the beginning balance on each day, adding any new advances, subtracting any payments or credits and unpaid finance charges; then adding up all the daily balances for the billing cycle and dividing the total by the number of days in the billing cycle. Rates, terms and conditions are subject to change and may vary based on credit worthiness, qualifications and collateral conditions. All loans are subject to credit and property approval. Monthly payments are calculated as 1% of the outstanding balance plus the accrued interest at the end of each billing cycle and may be lower or higher based on your loan amount, APR and term. Stated rates apply to lines secured by owner occupied, single-family residences. No closing costs. Additional fees, terms and conditions may apply. An annual fee of $20 will apply. An early termination fee of $350.00 is charged on lines that close within 36 months of opening. Late payment fees may be charged, when applicable. Returned items fee is $29.00. Stop Payment fee is $25.00. Over-the-limit fee is $20.00. Check order fee may be $14.00 to $25.00. Checks are optional. No minimum transaction amount. No transaction fee. Loan term and draw period is 15 years. If only the minimum payments are made during the life of the loan it may result in a balloon payment. Payment amount does not include amounts for taxes and insurance premiums. Property and flood insurance (if applicable) are required and are not included in the payment amount or closing costs.




Let Our Mortgage Specialists Take the Stress Out of Home Buying!

We have some great Mortgage Loan Programs including:

  • Conventional long term fixed rate loans
  • Adjustable rate mortgage loans
  • Government loan programs including: Federal Housing Administration (FHA), Veterans Administration (VA), Rural Housing Service (RHS)
  • Kentucky Housing Corporation (KHC)
  • Down payment assistance programs
  • Jumbo loans
  • Rental property financing

In addition, we offer in-house Mortgage Loans for those who may not qualify for conventional financing. We offer:

  • Mortgage loans for primary residence and rental properties
  • Bridge loans to assist those who want to purchase a new house but have yet to sell their previous home (Variable rate, interest only due)
  • Construction loans for building or major renovation
  • Preferred Home Equity Lines of Credit
Our Local Mortgage Specialists will help you determine which program is right for you!

Loan Officers
Josh Harman, VP (859) 233-8922 MLO #339904
Kim Noble, VP (859) 233-8935 MLO #613244



Personal Loans

Whether you're buying a car, remodeling your home, or needing cash for a special occasion, a consumer loan from Bank of the Bluegrass & Trust Co. can make your life easier.

  • New and used car loans
  • Debt consolidation loans
  • Home improvement loans
  • Preferred Home Equity Lines of Credit
Loan Officers
Bobby Jones, VP (859) 233-8937 MLO #478795

BLO #421548