Right at Home
Helping you achieve homeownership with Stock Yards Bank & Trust's Right at Home Program.
We're dedicated to making homeownership achievable for our community members, especially those with low to moderate incomes. Stock Yards Bank & Trust is proud to offer this program, because we believe that owning a home should be possible for everyone. We have friendly mortgage professionals eager to help answer your questions, so search for a lender in your community or keep reading to learn more about Right at Home.
Program Overview
- No down payment required for purchase transactions
- Maximum loan-to-value for refinances should not exceed 97%
- Minimum loan-to-value for purchases is 85%
- Minimum loan-to-value for refinances is 95.01%
- Owner-occupied, single-family residence (manufactured home allowed as long as it meets Fannie Mae guidelines)
- Fixed interest rate
- Purchase or rate/term refinance transactions allowed*
- Maximum loan amount of $200,000
- Maximum purchase price of $235,000
- Mortgage insurance is not required
Borrower Requirements
- Must meet income guidelines based on the county in which the property is located
- First-time homebuyers must complete a first-time homebuyer education course
- $500 minimum investment into the transaction
- No collections or late payments in the most recent 12 months (excluding medical)
- Minimum credit score of 660
Program Availability
- Kentucky Counties:
- Boone, Bourbon, Bullitt, Campbell, Clark, Elliott, Fayette, Hardin, Harrison, Henderson, Jefferson, Jessamine, Kenton, Madison, Nelson, Oldham, Rowan, Scott, Shelby, and Woodford
- Indiana Counties:
- Boone, Clark, Floyd, Hamilton, Hendricks, Johnson, Marion, Scott, and Vanderburgh
- Ohio Counties:
- Butler, Hamilton, and Warren
Contact a Mortgage Lender Today
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Loan program available for borrowers' primary residence only; no second homes. 1st position mortgage lien required; subsequent loans not permitted. Title insurance is required. Subject to credit approval. Terms and conditions subject to change.
*Restrictions apply. Loan being paid off must be a SYB Right at Home Loan.