Home Mortgages

Mortgage rates are as low as they ever have been.  If you've been thinking about building or buying a home or refinancing an existing mortgage, the Bank of Cave City has a loan to meet your needs.  Our experienced and accessible lending staff is ready to assist you in the mortgage process, and our expertise combined with low fees, competitive rates, and flexible maturities and repayment schedules make our mortgages a great value.  Call or come by any of our four locations to discuss the mortgage that's right for you.

Construction Loans

Build your dream home.

  • Competitive interest rates
  • Flexible terms
  • Easy term rollover

Bank of Cave City Mortgage

Whether buying a home, looking to refinance, or even trying to consolidate other debt, consider a Bank of Cave City mortgage loan.

  • Competitive interest rates
  • Flexible terms
  • 2nd mortgages available

Conventional Loans

  • Conforming loans up to $417,000
  • Purchase or Refinance
  • 10-15-20-30 year terms
  • Up to 90% or 95% Loan to Value (LTV) loan depending on location of property
  • Loans less than 80% LTV do not require monthly Mortgage Insurance
  • Minimum 620 credit score required. Minimum 680 score required for 2nd home/investment property. Minimum 660 for MI loans.
  • Gifts of down payments allowable (call for details)
  • Seller contributions allowable

USDA Rural Development Loans

Property must qualify. To determine if a property is in an RD Zone, visit http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

Maximum Income Limits
Household # Maximum Income
1 to 4 $74,750
5 to 8 $98, 650
  • 100% Loan (of purchase price) subject to appraisal support
  • 30 year term only
  • 2.0% guarantee fee can be financed above the 100%.  Monthly MI of .4%
  • Purchase only, no refinance unless RD to RD
  • Seller contributions allowable
  • Gifts of down payment allowable
  • Minimum 640 credit score, 41% max debt-to-income ratio DTI;  29% PITI (possible to exceed with GUS approval)

FHA Loans

  • 96.5% Loan (of purchase price) subject to appraisal support
  • Minimum 620 Credit score
  • 15 & 30 year terms
  • Seller contribution allowable
  • FHA upfront Mortgage Insurance Premium (MIP) 1.75%, Monthly MIP 1.35% or 1.3% based on LTV

Department of Veterans Affairs Loans

  • 100% Financing
  • Minimum 620 Credit Score
  • 15-20-25-30 year terms
  • 4% Seller contribution allowable
  • Rate-Term Refinance available
  • Cash In-Cash Out 90% LTV.

Click here for our mortgage loan officers' NMLS numbers.


An NMLS Nationwide Mortgage Licensing System (and Registry) identification number is a unique identifier assigned to every registered Mortgage Loan Officer (MLO) allowing consumers to search for Mortgage Loan Officers by the NMLS ID # and gain information about the Mortgage Loan Officer.

NMLS is the legal system of record for licensing. It is the official and sole system for companies and individuals seeking to apply for, amend, renew and surrender licenses managed in the NMLS. It was created by the Conference of State Bank and the American Association of Residential Mortgage Regulators. The system has been built and maintained by FINRA (Financial Industry Regulator Authority).  NMLS streamlines the licensing process by providing a centralized and standardized system for mortgage licensing.


Interest rates and fees are subject to change. Call or come by for current rates.


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