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.
Rest assured, our lenders are highly qualified.
Buying a new home? From scoping out the neighborhood to inspecting the roof, there are a lot of things to question. The lender handling your mortgage shouldn't be one of them. At Abound Credit Union, all our lending professionals have worked hard to qualify for the National Mortgage Licensing System and Registry.
Home Loan Subordination
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.
To request Subordination, the following items must be submitted by fax (270) 219-7320 or emailed to MortgageServicing@aboundcu.com:
- 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
To print out a Subordination requirement form that you can fax back, click here.