You find the perfect KY home and we make it happen.

Abound Credit Union makes home buying and land purchase easy and affordable for our Kentucky members. We provide great rates on a variety of mortgage loans along with local experts to guide you each step of the home buying process. Compare our mortgage options and apply online.

No money down? No problem. We’ll help you find the best home loan options and walk you through every step. Abound CU offers VA loans, FHA loans, rental property loans and more.
Save money with the payment you need and the rate you deserve. With mortgage refinancing, we’ll help you get a better rate and lower your current monthly mortgage loan payments.
From Land Loans to Construction Loans, our local advisors make financing simple so that you can build your dream home in KY.

Home Loan Subordination

What is Home Loan subordination? A Home Loan subordination occurs when a second Home Loan(i.e. Home Equity Line of Credit) or other lien remains in place after a first Home Loan is refinanced and replaced by a new loan.

If you are refinancing your first Home Loan and do not want to pay off your current second Home Loan or pay off and close your Home Equity Line of Credit, you must request Subordination from us.

Subordination Requirements
To request Subordination, the following items must be submitted by fax (270) 219-7320 or emailed to
  • 1003 / Form 65
  • 1008, Underwriting Transmittal
  • Verification of Income
  • Current Home Appraisal
  • Title Commitment
  • Subordination Agreement (to be prepared by requesting lender) with dollar amount and signature request on the same page
  • FedEx number if you would like the Subordination Agreement sent back by FedEx
  • $150 processing fee
  • Signed Borrowers Authorization form
Allow 3-5 business days for signed Subordination Agreement.

To print out a Subordination requirement form that you can fax back, click here.

Principal-only Payments

A payment applied to the remaining principal balance of a loan. The principal balance is the original balance due from the amount of the loan, not including interest that is charged.
Principal-only payments are a way to potentially shorten the length of a loan and save on interest that are applied to the remaining principal balance of a loan.
Yes. When you make a principal-only payment, the amount of the loan is reduced. However, your normal payment will remain due at the regular scheduled date. Your principal-only payment will NOT advance the normal due date. The interest due for each month will continue to accrue daily.
We accept Principal-only payments by phone, mail or in-person at any of our branches.
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Routing #: 283978425