The Best Mortgage Lenders in Edmonton, KY
Compare verified mortgage lenders serving Edmonton, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Edmonton
Featured Mortgage Lenders
Mortgage Solutions of Kentucky
Mortgage Solutions of Kentucky
Mortgage Solutions of Kentucky is a highly-rated independent mortgage broker known for its personalized service and competitive rates across the state. With over two decades of experience, they excel in guiding clients through the home loan process, offering a wide range of loan options including government-backed programs. Their team is praised for responsiveness and expertise, making them a top choice for homebuyers in rural areas like Edmonton, thanks to their extensive network and commitment to customer satisfaction.
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First Capital Bank of Kentucky
First Capital Bank of Kentucky
First Capital Bank of Kentucky is a reputable community-focused bank with a strong presence in the region, serving Edmonton and surrounding areas. They offer a comprehensive suite of mortgage products with competitive rates and flexible terms. Known for their local decision-making and personalized customer service, they have built trust over 25 years by supporting homebuyers with straightforward processes and reliable support, including online tools and in-person assistance.
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Bluegrass Mortgage Group
Bluegrass Mortgage Group
Bluegrass Mortgage Group is a well-established mortgage lender with a stellar reputation for integrity and customer care, serving clients statewide including Edmonton. They specialize in tailoring loan solutions to individual needs, with a focus on first-time homebuyers and refinancing. Their experienced team provides thorough guidance and competitive rates, backed by high customer ratings for transparency and efficiency, making them a reliable option for Kentucky residents.
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Frequently Asked Questions
Common questions about mortgage lending in Edmonton, KY
What are the current mortgage rates like for homes in Edmonton, KY?
Mortgage rates in Edmonton, KY, typically align with national averages but can be influenced by local economic factors. As of recent trends, 30-year fixed rates in this area generally range from the mid-6% to low-7% range, but it's best to check with local lenders like Community Trust Bank or First Southern National Bank for the most accurate, up-to-date rates. Your specific rate will depend on your credit score, loan type, and down payment.
Are there any first-time homebuyer programs available specifically in Edmonton, KY?
Yes, first-time homebuyers in Edmonton may qualify for Kentucky Housing Corporation (KHC) programs, which offer competitive interest rates, down payment assistance, and closing cost help. These programs are accessible to Edmonton residents and can be a great resource, especially given the area's relatively affordable housing market. We recommend contacting a KHC-approved lender in Metcalfe County to explore options like the "Regular Loan Program" or "FHA, VA, USDA Loan Programs."
How does the rural nature of Edmonton, KY, affect my mortgage options?
Edmonton's location in Metcalfe County, a rural area, makes many homes eligible for USDA loans, which offer 100% financing with no down payment required. This is a significant advantage for eligible buyers looking at properties outside the city limits. Additionally, local lenders are familiar with appraising rural properties, which can sometimes have unique considerations like well and septic systems.
What is the typical down payment needed for a home in Edmonton?
For conventional loans in Edmonton, down payments often start at 3-5%, but many buyers use FHA loans with a 3.5% down payment or USDA loans with 0% down if the property is in an eligible rural area. Given Edmonton's median home prices are below the national average, the actual cash needed for a down payment can be quite manageable compared to larger markets.
Are property taxes in Edmonton, KY, factored into mortgage calculations, and how do they impact affordability?
Yes, property taxes are included in your monthly mortgage payment if you have an escrow account. Metcalfe County's property tax rates are relatively low compared to national averages, which helps with overall affordability in Edmonton. Your lender will estimate these taxes based on the county's rate and the assessed value of the home you're purchasing, ensuring your payment reflects the true cost of homeownership.
Nearby Cities
Explore mortgage lenders in cities near Edmonton, KY
Why Choose a Mortgage Lender in Edmonton?
Local Market Knowledge
Lenders who understand Edmonton'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 Edmonton and get competitive rates on your home loan.