The Best Mortgage Lenders in Denton, KY
Compare verified mortgage lenders serving Denton, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Denton
Featured Mortgage Lenders
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly-rated national lender with a strong reputation for excellent customer service and a wide array of loan options. Founded in 2003, they have over two decades of experience and are known for competitive rates, efficient processing, and a seamless digital application process. They actively serve Denton and surrounding Kentucky areas, with numerous positive reviews highlighting their responsiveness and expertise in various mortgage types, including government-backed loans.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-performing lender with a significant presence in Kentucky, praised for its personalized service and comprehensive loan products. Established in 1996, they have nearly 30 years of industry experience and are renowned for competitive rates, local expertise, and a commitment to customer satisfaction. They serve Denton and the broader region, with high review counts reflecting their reliability and support for first-time homebuyers and refinancing needs.
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New American Funding
New American Funding
New American Funding is a diverse and reputable lender offering innovative loan programs, including options for underserved communities. Founded in 2003, they have over 20 years of experience and are recognized for competitive rates, responsive customer service, and a strong track record in Kentucky. They provide extensive support for Denton residents, with positive reviews emphasizing their flexibility and expertise in various mortgage types, making them a trusted choice for home financing.
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Frequently Asked Questions
Common questions about mortgage lending in Denton, KY
What are the current mortgage rates like for homebuyers in Denton, KY?
Mortgage rates in Denton typically align with national averages but can be slightly lower due to the rural nature and lower cost of living in the area. Local lenders often offer competitive rates, with current 30-year fixed rates generally ranging from the mid-6% to low-7% range. It's best to check with Denton-area credit unions and community banks for the most competitive local rates.
Are there any first-time homebuyer programs specifically available in Denton?
Yes, Denton homebuyers can access Kentucky Housing Corporation (KHC) programs, which offer down payment assistance and competitive interest rates. The "Regular Loan Program" provides 30-year fixed-rate financing, while the "HFA Preferred" and "HFA Preferred PLUS" programs offer additional benefits. These programs are particularly valuable in Denton where median home prices are below state averages.
How does Denton's rural location affect mortgage lending options?
Denton's rural designation makes buyers eligible for USDA Rural Development loans, which offer 100% financing with no down payment required. This is particularly advantageous given Denton's agricultural surroundings and can make homeownership more accessible. Many local lenders are experienced with USDA loans and can guide buyers through the specific property eligibility requirements.
What should I know about property taxes and insurance when getting a mortgage in Denton?
Denton homeowners benefit from relatively low property taxes compared to urban areas in Kentucky, with Rowan County's rate being competitive. However, you'll want to factor in potentially higher flood insurance costs if purchasing near the Licking River or other water sources. Your lender will help estimate these costs for accurate monthly payment calculations.
Are there local lenders in Denton who understand the specific market conditions?
Yes, several community banks and credit unions serving Denton have deep knowledge of local property values and market trends. Institutions like The Farmers Bank and other regional lenders understand Denton's unique housing market, including the mix of older homes and newer constructions, which can be valuable during the appraisal and underwriting process.
Why Choose a Mortgage Lender in Denton?
Local Market Knowledge
Lenders who understand Denton'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 Denton and get competitive rates on your home loan.