The Best Mortgage Lenders in Hampton, KY
Compare verified mortgage lenders serving Hampton, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hampton
Featured Mortgage Lenders
Chad Gish
Independence Bank
Independence Bank is one of Western Kentucky's most trusted community banks with a strong mortgage lending division. They have deep roots in the region and are known for personalized service and competitive rates. Their mortgage team, led by experienced professionals like Chad Gish, specializes in helping rural Kentucky homebuyers with various loan programs including USDA loans that are particularly relevant for Hampton area residents. The bank consistently receives high marks for their local decision-making process and community-focused approach to lending.
Loan Types:
Jason Bell
The Mortgage Center
The Mortgage Center has built an exceptional reputation throughout Western Kentucky for their expertise in rural and small-town mortgage lending. They are particularly strong with USDA loans which are ideal for the Hampton area, and they have extensive experience working with buyers in rural Webster County. Customers consistently praise their responsive communication, thorough guidance through the mortgage process, and ability to secure competitive rates. Their local knowledge of the Western Kentucky housing market makes them an excellent choice for Hampton residents.
Loan Types:
Michael Stockton
Stockton Mortgage
While based in Evansville, Indiana, Stockton Mortgage has been serving the entire Tri-State area including Western Kentucky for decades. They have extensive experience with Kentucky mortgage regulations and frequently work with clients in rural areas like Hampton. Founded by industry veteran Michael Stockton, this company has maintained exceptional customer satisfaction ratings through their commitment to transparent pricing and personalized service. Their team includes specialists in USDA rural development loans, making them well-suited for Hampton homebuyers seeking financing in a rural community.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Hampton, KY
What are the current average mortgage rates for homebuyers in Hampton, KY?
Mortgage rates in Hampton, KY, typically align with national averages but can be slightly influenced by local economic factors and property types common in Carlisle County. As of late 2024, average rates for a 30-year fixed mortgage in the area hover around 6.5%–7%, but it's best to check with local lenders like Community Trust Bank or Independence Bank for the most current, personalized rates based on your credit profile and loan type.
Are there any first-time homebuyer programs available specifically for Hampton, KY residents?
Yes, Hampton homebuyers may qualify for Kentucky Housing Corporation (KHC) programs, which offer down payment assistance, competitive interest rates, and tax credits. Additionally, some local lenders may offer special programs for Carlisle County residents, so it's wise to ask about city-specific incentives or grants that can make homeownership more accessible in this rural market.
How does Hampton’s rural location affect the mortgage appraisal process?
Due to Hampton’s rural setting in Carlisle County, appraisals can sometimes be more complex because there may be fewer comparable home sales (“comps”) nearby. Lenders often work with appraisers familiar with rural Kentucky properties to ensure a fair valuation, but buyers should be prepared for potential delays or the need for additional documentation to support the property’s value.
What types of properties are most common for mortgages in Hampton, and does that impact loan options?
Hampton features many single-family homes, manufactured homes, and agricultural or rural properties. While conventional, FHA, and USDA loans are all available, USDA loans are particularly relevant here due to the area’s rural designation—offering 100% financing with no down payment for eligible borrowers. Be sure to discuss property type with your lender, as certain loans may have specific requirements for manufactured or rural homes.
Are property taxes and insurance costs in Hampton, KY, typically included in the mortgage payment?
Yes, most lenders in Hampton will require you to escrow property taxes and homeowners insurance as part of your monthly mortgage payment. Carlisle County has relatively low property tax rates compared to national averages, which can help keep payments manageable. Your lender will estimate these costs and include them in your payment to ensure they are paid on time each year.
Why Choose a Mortgage Lender in Hampton?
Local Market Knowledge
Lenders who understand Hampton'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 Hampton and get competitive rates on your home loan.