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Fourmile, KY

The Best Mortgage Lenders in Fourmile, KY

Compare verified mortgage lenders serving Fourmile, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
387+
Reviews
10
Loan Types

Available Loan Programs in Fourmile

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-time Homebuyer
Construction Loans
Construction-to-Permanent
Land Loans

Featured Mortgage Lenders

1

Mortgage Solutions Financial

Mortgage Solutions Financial

★★★★☆
4.8/5

Mortgage Solutions Financial is a highly-rated regional mortgage broker serving rural Kentucky communities including Fourmile. With exceptional 4.8-star ratings across multiple platforms, they specialize in rural property financing and USDA loans which are particularly relevant for Fourmile residents. Their team has deep experience with Kentucky's unique property types and offers personalized service with competitive rates. They're known for their expertise in navigating rural appraisals and providing flexible financing solutions for borrowers in smaller communities.

Experience:15 years
Reviews:142 customer reviews
348 Waller Ave, Lexington, KY 40504

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Members Heritage Credit Union

Members Heritage Credit Union

★★★★☆
4.7/5

As a well-established credit union serving central Kentucky, Members Heritage has built a strong reputation for mortgage lending in rural areas like Fourmile. They offer competitive rates to members and are particularly strong with first-time homebuyer programs and construction loans. Their local underwriting team understands the unique aspects of Kentucky rural properties, and they provide personalized service throughout the loan process. The credit union is known for its community-focused approach and has helped numerous families in surrounding counties achieve homeownership.

Experience:18 years
Reviews:89 customer reviews
301 Southland Drive, Lexington, KY 40503

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerConstruction Loans
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3

Traditional Bank

Traditional Bank, Inc.

★★★★☆
4.6/5

Traditional Bank has been serving eastern Kentucky communities for decades and has specific expertise in rural mortgage lending that makes them an excellent choice for Fourmile residents. With multiple branches throughout the region, they offer local decision-making and understand the unique challenges of rural property financing. They're particularly strong with land loans and construction financing, which are common needs in the Fourmile area. Their experienced loan officers provide personalized service and have deep knowledge of local property values and market conditions.

Experience:25 years
Reviews:156 customer reviews
129 West Main Street, Mt. Sterling, KY 40353

Loan Types:

ConventionalFHAVAUSDAConstruction-to-PermanentLand Loans
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Frequently Asked Questions

Common questions about mortgage lending in Fourmile, KY

What are the current average mortgage rates for homebuyers in Fourmile, KY?

Mortgage rates in Fourmile typically align with national averages but can vary based on local lenders and property types. Currently, 30-year fixed rates range between 6.5-7%, while FHA and VA loans may offer slightly lower rates. It's best to check with local banks like Community Trust Bank or Forcht Bank for the most accurate, up-to-date rates specific to Bell County.

Are there any special mortgage programs for first-time homebuyers in Fourmile?

Yes, Kentucky Housing Corporation (KHC) offers several first-time homebuyer programs accessible to Fourmile residents, including down payment assistance and competitive interest rates. Additionally, some local lenders may offer special programs for teachers, healthcare workers, or other essential service employees in the area. These programs can make homeownership more affordable in Fourmile's rural market.

How does Fourmile's rural location affect the mortgage process?

Fourmile's rural classification can impact lending through USDA loan eligibility, which offers 100% financing for qualified buyers in designated rural areas. However, some lenders may require additional property inspections or have stricter appraisal requirements due to the limited number of comparable home sales in the area. Working with a lender experienced in rural Kentucky properties is recommended.

What types of properties are most common in Fourmile's mortgage market?

Fourmile's mortgage market primarily consists of single-family homes, manufactured homes on permanent foundations, and rural properties with land. Lenders may have specific requirements for manufactured homes, particularly regarding age and foundation type. Traditional site-built homes typically have the most straightforward financing options through conventional or government-backed loans.

Are there local property tax considerations I should know about when getting a mortgage in Fourmile?

Bell County property taxes are relatively low compared to urban areas in Kentucky, typically ranging from 0.8% to 1% of assessed value. However, properties with significant acreage may have different tax considerations. Your lender will factor these taxes into your monthly payment through an escrow account, and it's wise to verify exact rates with the Bell County Property Valuation Administrator.

Mortgage Insights

Finding the Right Refinance Partner in Fourmile, Kentucky

If you’re a homeowner in Fourmile, Kentucky, and you’ve been hearing about lower interest rates or looking to tap into your home’s equity, you’ve probably typed “refinance companies near me” into a search engine. While that’s a great start, finding the right local partner in our close-knit Bell County community requires a bit more nuance than just picking the first result. For homebuyers considering a future refinance, or current owners ready to make a move, understanding the local landscape is key.

In a rural market like Fourmile, home values can be steady but appraisals are crucial. A local lender or broker with deep roots in Southeastern Kentucky truly understands the comparable sales in our area—from a well-kept home on a wooded lot to a property with more acreage. They can accurately assess your home’s worth in our specific market, which is the foundation of any successful refinance. An out-of-town online lender might use broader data that doesn’t capture the full value of your property or our way of life.

So, what’s the actionable advice? First, think local reputation over national advertising. Start by asking for trusted recommendations from neighbors, your local real estate agent, or even at community spots. A company with a physical office in nearby Pineville, Middlesboro, or even Corbin has a vested interest in serving you well and understands Kentucky’s specific closing laws and taxes. When you speak with them, ask directly: “How many refinances have you done in Bell County recently?” Their answer will tell you a lot.

Furthermore, be sure to explore regional programs that a knowledgeable local lender can guide you through. Kentucky Housing Corporation (KHC) offers programs that aren't just for first-time buyers; some, like their conventional loan refinance options, can provide competitive rates and may have benefits for those in rural areas. A local expert is your best resource to see if your refinance goals align with any state-assisted programs.

For homebuyers in Fourmile currently purchasing, this thinking is forward-looking. Choose your original mortgage lender with their local refinance expertise in mind. Building a relationship with a community bank or credit union now can streamline a future refinance. They’ll already know you, your property, and your financial history.

Ultimately, your search for “refinance companies near me” in Fourmile should be about finding a trusted advisor, not just a low rate. Look for the professionals who know the difference between a home on Fourmile Road and one in the hollers, who answer their phones, and who can explain the process in plain Kentucky English. That local insight and personal service is the true value that will make your refinance journey smooth and successful.

Nearby Cities

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Why Choose a Mortgage Lender in Fourmile?

Local Market Knowledge

Lenders who understand Fourmile'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 Fourmile and get competitive rates on your home loan.