The Best Mortgage Lenders in Ashland, KY
Compare verified mortgage lenders serving Ashland, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ashland
Featured Mortgage Lenders
Primary Residential Mortgage, Inc.
Primary Residential Mortgage, Inc.
Primary Residential Mortgage is a top-rated lender with a strong local presence in the Huntington-Ashland metro area, serving Ashland, KY directly. Known for exceptional customer service and competitive rates, they have built a reputation for reliability over 26 years. Their team offers personalized mortgage solutions with expertise in various loan types, including first-time homebuyer programs and refinancing. High customer satisfaction scores and numerous positive reviews highlight their commitment to the community and efficient loan processing.
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CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly reputable lender with a significant regional footprint in Kentucky, including service to Ashland. With over two decades of experience, they are praised for their transparent processes, competitive rates, and wide range of loan options. Customers consistently rate them highly for their responsive support and expertise in navigating complex mortgage scenarios. Their Lexington office provides accessible service for Ashland residents, backed by strong industry credentials and a track record of successful closings.
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New American Funding
New American Funding
Top-rated mortgage lender serving Ashland, Kentucky.
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Frequently Asked Questions
Common questions about mortgage lending in Ashland, KY
What are the current average mortgage rates for homebuyers in Ashland, KY?
Mortgage rates in Ashland typically align with national averages but can vary based on local lender competition. As of late 2023, 30-year fixed rates in the area generally range from 6.5% to 7.25%, though Ashland's strong community banking presence sometimes offers competitive local rates. It's best to compare offers from both local banks and national lenders for the most favorable terms.
Are there any first-time homebuyer programs specifically available in Ashland?
Yes, Ashland homebuyers can access Kentucky Housing Corporation (KHC) programs like the "Regular Loan Program" which offers competitive interest rates and down payment assistance. Additionally, the City of Ashland occasionally partners with community development organizations to provide local grants for qualified buyers purchasing in targeted neighborhoods, particularly in historic districts.
How does Ashland's stable but slow-growing housing market affect mortgage lending?
Ashland's steady housing market means appraisals typically align well with purchase prices, reducing lending complications. Lenders are generally comfortable with Ashland properties since values don't experience wild fluctuations. However, they may be more cautious with unique properties or homes needing significant repairs due to the area's older housing stock.
What special considerations should I know about getting a mortgage for Ashland's historic homes?
Financing historic homes in Ashland often requires additional inspections and may involve higher insurance costs. Lenders typically require specialized historic property appraisals and might have stricter requirements for homes in designated historic districts. Some local lenders familiar with Ashland's historic architecture may offer more flexible terms than national banks.
Are there local down payment assistance programs for Ashland homebuyers?
Beyond state programs, Ashland residents may qualify for the "Neighborhood Stabilization Program" through local community action agencies. The Ashland Area Housing Corporation also occasionally offers closing cost assistance for moderate-income buyers. Many local employers, including King's Daughters Medical Center and AK Steel, have partnerships with lenders offering special mortgage programs for employees.
Why Choose a Mortgage Lender in Ashland?
Local Market Knowledge
Lenders who understand Ashland'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 Kentucky.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Ashland and get competitive rates on your home loan.