The Best Mortgage Lenders in Kellyton, AL
Compare verified mortgage lenders serving Kellyton, Alabama. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Kellyton
Featured Mortgage Lenders
MortgageSouth
MortgageSouth, LLC
MortgageSouth is a highly-rated mortgage lender based in Birmingham, Alabama, with over 25 years of experience serving homebuyers across the state, including Kellyton. They are renowned for their competitive rates, personalized service, and expertise in various loan programs, particularly first-time homebuyer assistance. Their strong local presence, commitment to customer satisfaction, and high ratings from numerous reviews make them a top choice for residents seeking reliable and efficient mortgage solutions.
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First Community Bank of Central Alabama
First Community Bank of Central Alabama
As a community-focused bank with deep roots in central Alabama, First Community Bank offers personalized mortgage services tailored to local needs, including Kellyton. With nearly three decades of experience, they provide competitive financing options, emphasize strong customer relationships, and are actively involved in community support. Their high customer ratings and reputation for reliability and attentive service make them an excellent lender for homebuyers in the area.
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New American Funding
New American Funding
New American Funding is a nationally recognized mortgage lender with a strong presence in Alabama, including service to Kellyton. Known for their diverse loan products, competitive rates, and commitment to inclusive lending, they have built a reputation for excellent customer service and a streamlined application process. With over 20 years in business and high satisfaction ratings, they are a trusted option for borrowers seeking flexible and reliable mortgage solutions.
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Frequently Asked Questions
Common questions about mortgage lending in Kellyton, AL
What are the current mortgage rates like for homes in Kellyton, AL?
Mortgage rates in Kellyton typically align with national averages but can vary based on local lender competition and property types. For rural properties common in the area, some lenders may offer specialized USDA loans with competitive rates. It's best to check with local credit unions like Family Security Credit Union or regional banks for the most current rate quotes.
Are there any first-time homebuyer programs specifically available in Kellyton?
Yes, first-time homebuyers in Kellyton can access Alabama's Step Up program, which offers affordable fixed-rate mortgages with down payment assistance. Additionally, the USDA Rural Development program is particularly relevant for Kellyton's rural designation, offering 100% financing options for eligible borrowers in this area.
How does Kellyton's rural location affect my mortgage options?
Kellyton's rural classification makes many properties eligible for USDA loans, which require no down payment and have flexible credit requirements. However, some conventional lenders may have stricter requirements for rural property appraisals, so working with lenders experienced with Coosa County properties is advantageous.
What should I know about property taxes when getting a mortgage in Kellyton?
Coosa County property taxes are relatively low compared to urban areas in Alabama, currently around 0.40% of assessed value. Your mortgage lender will typically include these taxes in your monthly escrow payment. The modest tax rates can help improve your debt-to-income ratio qualification for larger loan amounts.
Are there local down payment assistance programs for Kellyton homebuyers?
While Kellyton itself doesn't offer city-specific programs, Coosa County participates in the Alabama Housing Finance Authority's mortgage programs that provide down payment assistance. Additionally, some local employers like Russell Corporation may offer employer-assisted housing programs, so check with your HR department about potential benefits.
Nearby Cities
Explore mortgage lenders in cities near Kellyton, AL
Why Choose a Mortgage Lender in Kellyton?
Local Market Knowledge
Lenders who understand Kellyton's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Alabama.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Kellyton and get competitive rates on your home loan.