The Best Mortgage Lenders in Hazard, KY
Compare verified mortgage lenders serving Hazard, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hazard
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly-rated lender with a strong regional presence in Kentucky, including service to Hazard. Known for competitive rates, personalized service, and a wide range of loan options, they have built a reputation for efficiency and customer satisfaction. Their local branch in London ensures accessible support for borrowers in the Hazard area, with experienced loan officers dedicated to guiding clients through the mortgage process.
Loan Types:
New American Funding
New American Funding, LLC
New American Funding is a top-rated mortgage lender with a significant footprint in Kentucky, offering tailored solutions for the Hazard community. They excel in providing diverse loan products with a focus on first-time homebuyers and underserved markets. Their commitment to technology and customer service has earned them high praise, and they serve Hazard through remote and online channels, ensuring competitive rates and efficient processing.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender known for its streamlined processes and community involvement, serving Hazard and surrounding areas from their Lexington branch. With a focus on speed and transparency, they offer competitive rates and a variety of loan programs. Their
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Hazard, KY
Are there any special mortgage programs for first-time homebuyers in Hazard, KY?
Yes, the Kentucky Housing Corporation (KHC) offers several first-time homebuyer programs that are particularly beneficial in Hazard. These include down payment assistance, competitive interest rates, and mortgage credit certificates that can provide tax advantages. Many local lenders in Perry County are well-versed in these programs and can help you determine eligibility based on Hazard's specific income limits and property requirements.
How do Hazard's unique terrain and flood risks affect mortgage lending requirements?
Due to Hazard's location in a valley with nearby rivers and creeks, many properties require flood insurance, which lenders will mandate for mortgages in designated flood zones. Additionally, homes built on steep hillsides may require specialized foundation inspections. It's crucial to work with a local lender who understands these terrain-specific considerations and can guide you through any additional insurance or inspection requirements.
What types of properties are most common in Hazard's mortgage market?
Hazard's mortgage market primarily consists of single-family homes, manufactured homes on permanent foundations, and some multi-family properties. Given the area's mining history, you may encounter unique property types like company houses or older homes that require thorough inspections. Local lenders are experienced with appraising these property types and understanding their specific valuation considerations in Perry County.
Are USDA rural housing loans available in Hazard, and what are the benefits?
Yes, Hazard qualifies for USDA rural development loans, which are particularly advantageous here since they require no down payment and offer competitive interest rates. These loans are ideal for low-to-moderate income buyers in Perry County and can be used for many properties in and around Hazard. Given the area's rural designation, many homebuyers in Hazard can benefit from this program's favorable terms.
How does Hazard's local economy impact mortgage qualification and employment verification?
With Hazard's economy transitioning from traditional coal mining to healthcare, education, and tourism, lenders pay close attention to employment stability in these sectors. Self-employment income from local businesses or seasonal work may require additional documentation. Local lenders understand the area's economic landscape and can help navigate income verification, particularly for those working in industries common to southeastern Kentucky.
Why Choose a Mortgage Lender in Hazard?
Local Market Knowledge
Lenders who understand Hazard'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 Hazard and get competitive rates on your home loan.