The Best Mortgage Lenders in Burlington, KY
Compare verified mortgage lenders serving Burlington, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Burlington
Featured Mortgage Lenders
Fifth Third Mortgage
Fifth Third Bank, National Association
Fifth Third Bank is one of the most established and highly-rated mortgage lenders serving the Northern Kentucky region, including Burlington. With over 160 years of banking experience and numerous local branches throughout Boone County, they offer comprehensive mortgage services with competitive rates. Their mortgage specialists provide personalized service for first-time homebuyers, refinancing, and investment properties, with strong digital tools for easy application and tracking. Their local presence and extensive product portfolio make them a top choice for Burlington residents.
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Kemba Mortgage Services
Kemba Credit Union
Kemba Credit Union has been serving the Greater Cincinnati and Northern Kentucky area for over 90 years, with excellent mortgage services specifically tailored to the Burlington market. They consistently receive outstanding customer satisfaction ratings for their personalized approach and competitive rates. As a member-owned financial cooperative, Kemba offers benefits like lower fees and more flexible underwriting than many traditional banks. Their mortgage team specializes in first-time homebuyer programs and provides exceptional guidance throughout the entire home financing process.
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Union Savings Bank Mortgage
Union Savings Bank
Union Savings Bank has been a trusted mortgage lender in the Cincinnati and Northern Kentucky region for nearly a century, with extensive experience serving Burlington homebuyers. They are particularly renowned for their construction lending expertise and personalized service approach. With consistently high customer satisfaction ratings and competitive rates, they offer a wide range of mortgage products including specialized programs for medical professionals and other niche borrower categories. Their local decision-making and streamlined processes make them a preferred choice for complex mortgage scenarios.
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Frequently Asked Questions
Common questions about mortgage lending in Burlington, KY
What are the current average mortgage rates for homebuyers in Burlington, KY?
Mortgage rates in Burlington typically align with national averages but can be slightly lower due to Kentucky's competitive lending market. As of recent data, 30-year fixed rates often range between 6.0-6.5%, though this varies by lender and borrower qualifications. Local credit unions like Heritage Bank often offer competitive rates specifically for Boone County residents.
Are there any first-time homebuyer programs specific to Burlington or Boone County?
Yes, Burlington homebuyers can access Kentucky Housing Corporation (KHC) programs offering down payment assistance and competitive rates. The KHC's "Regular Loan Program" provides up to 4% in down payment assistance for qualified buyers in Boone County. Additionally, some local lenders offer special first-time buyer programs with reduced closing costs for Burlington properties.
How does Burlington's proximity to Cincinnati affect mortgage lending and housing costs?
Burlington's location in the Cincinnati metro area means lenders often consider regional market trends when underwriting loans. While you'll find Cincinnati-area lending options available, Burlington typically offers more affordable housing than immediate Ohio suburbs, making qualifying for mortgages easier. Many lenders offer special "metro area" programs recognizing the cross-state employment patterns.
What unique closing costs should Burlington homebuyers expect compared to other Kentucky areas?
Burlington homebuyers should budget for Boone County-specific costs including a 0.5% county property transfer tax and typical Kentucky mortgage tax. Unlike some rural Kentucky counties, Burlington transactions often include homeowners association fees for many newer developments. Title insurance rates are standardized statewide but can vary slightly by local providers.
Are there special mortgage considerations for buying in Burlington's newer subdivisions versus older homes?
Yes, newer Burlington subdivisions often have specific lender requirements including higher insurance coverage and possible HOA review processes. For older homes in established neighborhoods, lenders may require more thorough inspections for foundation and electrical systems common in Boone County's older housing stock. Many local lenders are familiar with both scenarios and can guide you appropriately.
Why Choose a Mortgage Lender in Burlington?
Local Market Knowledge
Lenders who understand Burlington'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 Burlington and get competitive rates on your home loan.