Services Offered

Savings

Share Savings Account
Share Draft (checking) Account
Individual Retirement Account (IRA)
Vacation Club/Christmas Club
Share Certificates

Loans

VISA
Share Secured
Auto, Boat and Truck
Signature
1st & 2nd Mortgages
Home Equity

Special Services

Allotments
Direct Deposit
ATM/STAR Card
Travelers Checks
Free Notary Service
Life Savings Insurance
Payment Protection
Loan Protection
Group Accident
NADA Auto Book
Wire Service
VISA Check Cards

First Mortgage Facts 80% Appraised Value
Twenty Years

Approximate Closing Costs

Attorney Fee
1/2% of Closing Amount Plus $100-Fayette County
1/2% of Closing Amount Plus $200-Outside Fayette Co.

Survey

$125 - Fayette County
$200 - Outside Fayette County

Appraisal

$300 - Fayette County
$360 - Outside Fayette County

Filling Fee - $15 - $18

Title Insurance

Up to $50,000 - $3.00 Per $1000
$50,000 - $2.50 Per $1000
100,000 - $500,000 - $200 Per $1000

Termite Inspection - Must be Brought to Closing

Flood Determination Fee - $20

Homeowners Insurance Showing Credit Union as Loss Payee Must be Brought to Closing

Will Need To Fill Out

Applications Signed By Those Who are Applying
Verification of Deposit
HUD Booklet is given when you pick up the Application
Will Need to Bring to Credit Union:
Last Two Year's W-2
Last 30 Days Pay Stubs
If Applicant is Self-Employed Complete Signed Tax Returns for the Last Two Years
Purchase Contract

Member Pays Yearly Insurance and Taxes

Second Mortgage Facts One Time Disbursement

Minimum Limit - $5000
Maximum Limit - $35,000

Payoff Period
$5000 - $10,000	5 Years
$10,000.01 - $25,000	10 Years
$25,000.01 - $35,000	15 Years

Equity Value:
Tax Assessment (or Appraised Value at Member's Cost)
X (Times) 80%
Total
--- Minus 1st Mortgage Balance
= Equity in Home

Approximate Closing Costs:
Attorney Fees:	Fayette County - $150
	Outside Fayette - $200
Recording Fees:	$18
Flood Zone Determination	$20

The Lexington Postal Credit Union Must Be Listed As Mortgage Holder On Homeowner's Insurance Policy.

Home Equity Facts
Line of Credit

Minimum	$2500
Maximum	$40,000
Minimum	$500

Variable Rate - .25% Above the Prime Rate (Can Change Yearly)

Payoff Period
$500 - $10,000	5 Years
$10,000.01 - $25,000	10 Years
$25,000.01 - $40,000	15 Years

Equity Value:
Tax Assessment Value Times (X) 80% Minus (-) 1st Mortgage (Appraisal at Members Cost)

Approximate Closing Costs:
Attorney Fees:	Fayette County - $150
	Outside Fayette - $200
Recording Fees:	$18
Flood Zone Determination	$20

The Lexington Postal Credit Union Must Be Listed As Mortgage Holder On Homeowner's Insurance Policy.

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