The Best Mortgage Lenders in Kenton, DE
Compare verified mortgage lenders serving Kenton, Delaware. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Kenton
Featured Mortgage Lenders
Dover Federal Credit Union
Dover Federal Credit Union
Dover Federal Credit Union is one of Delaware's most trusted mortgage lenders with deep roots in Kent County. Serving Kenton and surrounding communities for over 70 years, they offer personalized mortgage solutions with competitive rates. Their local underwriting and decision-making process allows for faster closings, and they're particularly strong with first-time homebuyer programs and VA loans. Members consistently praise their knowledgeable loan officers and exceptional customer service throughout the entire mortgage process.
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WSFS Bank
WSFS Bank
As Delaware's oldest and largest locally-headquartered bank, WSFS has been serving Kenton and all of Delaware for nearly two centuries. They offer a comprehensive range of mortgage products with competitive rates and local decision-making. Their mortgage specialists are known for providing personalized guidance and making the home financing process smooth and transparent. WSFS has multiple branches throughout Kent County and is particularly respected for their construction lending expertise and responsive service.
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First Heritage Mortgage
First Heritage Mortgage
First Heritage Mortgage is a highly-rated regional mortgage lender that serves Kenton and throughout Delaware. They consistently receive exceptional reviews for their responsive communication, competitive rates, and efficient closing process. Specializing in both purchase and refinance loans, their team of experienced loan officers provides personalized service and expert guidance. They're particularly strong with renovation loans and first-time homebuyer programs, with many customers noting their ability to close loans quickly and handle complex situations effectively.
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Frequently Asked Questions
Common questions about mortgage lending in Kenton, DE
What are the current average mortgage rates for homebuyers in Kenton, DE?
Mortgage rates in Kenton typically align with national averages but can be slightly lower due to Delaware's competitive lending environment. As of 2024, conventional 30-year fixed rates in Kenton generally range from 6.5% to 7.25%, though rates vary by lender, credit score, and loan type. Local credit unions like Dover Federal Credit Union often offer competitive rates specifically for Kent County residents.
Are there any first-time homebuyer programs specifically available in Kenton?
Yes, Kenton homebuyers can access the Delaware State Housing Authority's (DSHA) First-Time Homebuyer Program, which offers below-market interest rates and down payment assistance. Additionally, Kent County-specific programs may provide closing cost assistance for low-to-moderate income buyers. These programs are particularly valuable in Kenton's affordable housing market where median home prices are below state averages.
How does Kenton's rural location affect mortgage lending requirements?
Kenton's rural designation makes many properties eligible for USDA loans, which offer 100% financing with no down payment required. However, lenders may require additional property inspections for older homes common in Kenton's historic areas. The town's location in Kent County also means some properties might qualify for rural development loans with more flexible credit requirements.
What unique closing costs should I expect when buying a home in Kenton?
Kenton homebuyers should budget for Delaware's 2% mortgage recording tax (split between buyer and seller), plus typical Kent County transfer taxes. You'll also encounter state-specific settlement fees and potentially higher title insurance costs due to Kenton's older property records. Local lenders familiar with Kenton transactions can provide detailed closing cost estimates specific to your purchase.
Are there any special considerations for getting a mortgage on Kenton's older historic homes?
Yes, Kenton's historic properties often require specialized lending approaches. Lenders may require more thorough inspections and higher repair reserves for older homes. FHA 203(k) renovation loans are popular here for updating historic properties while keeping them affordable. Some local lenders also offer renovation-specific products tailored to Kenton's character homes.
Why Choose a Mortgage Lender in Kenton?
Local Market Knowledge
Lenders who understand Kenton'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 Delaware.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Kenton and get competitive rates on your home loan.