The Best Mortgage Lenders in Clearfield, KY
Compare verified mortgage lenders serving Clearfield, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Clearfield
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates, with a strong presence in Kentucky. They specialize in a wide range of loan products, including USDA loans ideal for rural areas like Clearfield. With over 27 years of experience, they have built a reputation for reliability, fast closings, and personalized service, making them a preferred choice for homebuyers in the region. Their local office in Lexington ensures accessible support for clients in Clearfield and surrounding areas.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender with a strong track record of serving Kentucky communities, including Clearfield. They offer diverse loan options and are praised for their inclusive lending practices and excellent customer satisfaction. Founded in 2003, they have over 20 years of experience and are known for competitive rates, efficient processing, and a commitment to helping borrowers with unique financial situations. Their Louisville office provides regional support, ensuring timely service for clients in Rowan County.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable national lender with a significant presence in Kentucky, offering reliable mortgage services to Clearfield residents. They are recognized for their focus on purchase loans, fast closing times, and high customer satisfaction ratings. With 15 years of experience, they provide a variety of loan types and have a dedicated team that emphasizes community involvement and personalized care. Although headquartered in North Carolina, their extensive network and online services ensure seamless support for borrowers in rural areas like Clearfield.
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Frequently Asked Questions
Common questions about mortgage lending in Clearfield, KY
Are there any first-time homebuyer programs specifically available in Clearfield, KY?
While Clearfield itself doesn't offer city-specific programs, Kentucky Housing Corporation (KHC) provides excellent first-time homebuyer programs accessible to Clearfield residents. These include down payment assistance, competitive interest rates, and mortgage credit certificates that can significantly reduce your federal tax liability. Many local lenders in the Rowan County area are well-versed in these KHC programs.
What are typical mortgage rates for homes in Clearfield compared to national averages?
Mortgage rates in Clearfield generally align with national averages, but may be slightly lower due to Kentucky's lower cost of living and less competitive market. However, individual rates depend heavily on credit score, loan type, and down payment amount. Local lenders familiar with Rowan County's stable housing market can often secure competitive rates for qualified buyers.
How does Clearfield's rural location affect mortgage lending requirements?
Clearfield's rural designation can work to your advantage through USDA loans, which offer 100% financing with no down payment required for eligible properties and borrowers. These loans are specifically designed for rural areas like Clearfield and have income limits based on Rowan County averages. Many properties in and around Clearfield qualify for this beneficial program.
What special considerations should I know about when getting a mortgage for older homes in Clearfield?
Many homes in Clearfield are older properties, so mortgage lenders typically require thorough home inspections and may mandate repairs for safety issues before closing. FHA 203(k) renovation loans can be particularly useful here, allowing you to finance both purchase and repairs. Local appraisers familiar with Rowan County's older housing stock can provide accurate valuations.
Are there property tax considerations in Clearfield that affect mortgage payments?
Rowan County property taxes are relatively low compared to urban areas in Kentucky, which helps keep overall mortgage payments affordable. Current rates are approximately 0.85% of assessed value, and many homeowners qualify for Kentucky's homestead exemption if they're 65 or older or totally disabled. Your lender will include these taxes in your monthly escrow payment calculations.
Nearby Cities
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Why Choose a Mortgage Lender in Clearfield?
Local Market Knowledge
Lenders who understand Clearfield'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 Clearfield and get competitive rates on your home loan.