Mortgages in the State of Kentucky
Our state-focused team of mortgage lenders in Kentucky is ready and waiting to help you get a loan to purchase the home of your dreams. Kentucky, also known as "The Bluegrass State," is renowned for its natural beauty and is home to the oldest and most celebrated horse race in the country, the Kentucky Derby. And, for home buyers, the Kentucky median home listing price of $133,747 is much lower than the national median listing price of $261,500, meaning you can get a home for an incredible price in the state.
While home prices are reasonably affordable across the state of Kentucky, one of the more expensive places to live in the state is the historical city of Lexington, with a median home listing price of $159,700.
Other notable areas include Elizabethtown, with a median home listing price of $144,100, and Frankfort, with a median listing price of $130,125. One of the more affordable areas in the state is Covington, with a median home listing price of $93,200, which is well-below the national average listing price.
Home.loans is here to provide you the most in-depth information about mortgages in Kentucky. Whether you're looking to buy a new home, refinance an existing one, get a VA or FHA loan, or to take out a home equity loan or HELOC, we have the resources to empower you on your journey to home ownership and financial freedom.
Best Kentucky Mortgage Lender: Fairway Independent Mortgage Corporation
A rapidly growing name in the national home finance industry, Fairway Independent Mortgage Corporation is one of the best options for conventional, FHA, and VA financing across the country. Home buyers will agree that it’s actually pretty easy to find a Fairway location when its time to get a home loan. Beyond that, their customer service is well known to be top notch.
Fairway Independent Mortgage Corporation has stunning reviews from its client base over the years. One thing they seem to excel in is cutting down the closing costs that borrowers are expected to pay at the end of a mortgage transaction, as well as facilitating a faster closing.
Fairway may very well be the best option for first time home buyers on this list. Their attention to detail and completely transparent methodology is perfect for obtaining a mortgage loan at a great rate in a stress-free environment.
Best Kentucky Mortgage Refinance Lender: Guaranteed Rate
A Kingpin of the online mortgage trend that plays a large role in mortgage refinancing is Guaranteed Rate. Their participation in the digital mortgage wave leaves many other platforms lacking by comparison.
Guaranteed Rate is also extremely experienced with the origination and refinancing of government-insured loan products such as FHA and VA loans. The ability to offer mortgage refinancing through one of the best digital mortgage platforms available makes them serious competition to other mortgage lenders, and highly favored among repeat and first time home buyers.
The online platform makes securely uploading the important financial documentation requested for a loan approval fast and easy. Borrowers can even check their credit scores through the service, rather than go elsewhere. Guaranteed Rate is one of the rare few digital mortgage platforms where a mortgage loan can be refinanced without ever needing to speak with someone unless requested by the homeowner.
Best Kentucky FHA Mortgage Lender: Caliber Home Loans
A relative newcomer to the home finance market, Caliber Home Loans truly hit the ground running -- at top speed. For a company that has only been around since 2013, Caliber has made quite a reputation for itself as one of the top FHA lenders in the region.
The Caliber team is often lauded for their knowledge and sincerity during the mortgage transactions that they conduct. Getting an FHA loan can be particularly stressful, but the loan officers at Caliber don’t leave any stone unturned when it comes to keeping their borrowers informed and making sure home buyers are in complete control of their home loan decisions.
Home buyers can count on concise, and rapid responses to any questions that may come up during the mortgage process. With their new app, the mortgage preapproval and application process has been made even easier! A stunning dedication to providing home buyers with mortgage loans that are affordable and align with their goals is evident with the glowing pool of user reviews since Caliber’s birth only 6 years ago.
Best Kentucky VA Mortgage Lender: Amerifirst Financial Inc.
Amerifirst Financial has been in the mortgage business for over 25 years. Their main goal has always been to help people achieve the ultimate dream of homeownership.
Amerifirst’s loan officers are highly skilled at working with borrowers from any financial background and securing just the right financing within their range of affordability. Their high-end dedication to customer service has won them many glistening reviews from past clients.
The Amerifirst mortgage experience is one to marvel at, with lower than average rates and fees, and loans closed quicker than to be expected. They make home buyers feel as though they are their top priority all the time.
Best Kentucky Home Equity Lender: U.S. Bank
With a history dating all the way back to 1863, U.S. Bank is the farthest thing from the new kid on the block. Its strong presence in today’s mortgage market as the country’s fifth largest bank is a testament to their deep commitment to providing affordable HELOCs and home equity loans with excellent service.
U.S. Bank offers both home equity loans as well as HELOCs. Their home equity loan offering is a fixed rate HEL with a term of up to 30 years, while their HELOC product has a variable interest rate coupled with a draw period of 10 years.
U.S. Bank is well known for its knowledgeable staff and expert loan officers. Chances are, no matter what a borrower’s financial situation may look like, they can come up with an affordable home equity solution.
Experience often trumps trendy advancements, and the face-to-face personalized mortgage services offered by U.S. Bank are a shining example of this. Home buyers never have to worry about a lack of communication or being rushed, and will be treated with the same respect and due diligence as their big-name clients.
Shop Around Before You Get a Kentucky Home Loan
Our picks for the best mortgage lenders in Kentucky may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best mortgage lender in your area, don't hesitate to contact a home.loans mortgage expert!