Online Banking
Person and spouse shaking hands with a professional



Now offered with NO CLOSING COSTS* through June 30th, 2023!


Call (859) 233-4500 to speak with a lender today!
We’d love to chat with you more about how a Home Equity Line of Credit works and if it would be a beneficial choice for your financial needs.

Apply by June 30th, 2023.

*To qualify for No Closing Costs, the new credit line request or increase must be for a minimum of $10,000 and must be secured by the borrower’s primary residence. Application must be received by June 30, 2023. Property insurance (and flood insurance if applicable) is not covered by the Bank and is required prior to loan closing. Rates, terms and conditions are subject to change and may vary based on credit worthiness, qualification and collateral conditions.

Bluegrass 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. The APR may increase or decrease based upon an increase or decrease in the index. As of May 3rd, 2023, the Prime Rate is 8.25%.

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). 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 (ceiling) or go below 3.990% per annum (floor) at any time during the term of the Plan. In the event that the margin is higher than 3.990%, 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.

All loans are subject to credit and property approval. Monthly payments are based on 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 will be charged to the borrower(s) if the Line of Credit does not remain open for the initial thirty-six (36) months following the account opening. If the account is closed during months 0-12, the early termination fee will be $375.00. If the account is closed during months 13-24, the early termination fee will be $250.00. If the account is closed during months 25-36, the early termination fee will be $125.00.

Late payment fees may be charged, when applicable. Returned items fee is $30.00 per presentment. Stop Payment fee is $30.00. 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 interest 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.


What is a Home Equity Line of Credit?

A home equity line of credit, commonly referred to as a “HELOC”, is a type of secured loan that allows you to borrow against your home’s equity.

Unlike a traditional mortgage, a HELOC offers flexibility in that you can access the revolving line of credit on an as-needed basis and make payments against the drawn balance, similar to a credit card.


What can it be used on?

This revolving line of credit can be used for large expenses like:

Home improvements & renovations   |   Debt consolidation   |   Major purchases   |   Medical Bills   |   Education   |   Vacations



  • Low cost – often has a lower interest rate than traditional loans. Minimum monthly payment due is interest only.
  • Convenient – access as you choose.
  • Flexible – borrow as much or as little as you need, again & again.


How a HELOC works:

With a HELOC, you’re borrowing against the available equity in your home and the house is used as collateral for the line of credit. As you repay your outstanding balance, the amount of available credit is replenished.


Qualifying for a HELOC:

To qualify for a HELOC, you need to have available equity in your home, meaning that you owe less than your home is worth. You can typically borrow up to 80% of the value of your home (minus the amount you owe on any existing mortgages).

Offer of credit is subject to credit approval.   |   Bank NMLS ID# 421548



Call to speak with a lender today to see how much you qualify for!

To apply, please call:

smiling professional woman, Kim Noble

Kim Noble


Consumer and Mortgage Lender

Phone icon (859) 233-8935

MLO NMLS ID# 613244

smiling professional woman, Caroline French

Caroline French


Financial Center Manager

Phone icon (859) 303-7276

MLO NMLS ID# 1878102

smiling professional man, Miller Wilson

J. Miller Wilson


Commercial Lender

Phone icon (859) 280-3848

MLO NMLS ID# 467140

smiling professional man, Corey Zacher

Corey Zacher

No Title 

Financial Center Manager

Phone icon (859) 685-3056

MLO NMLS ID# 1716037



Ready to start your application?


Click HERE to apply for a HELOC

Login to your account