The Best Mortgage Lenders in Hickman, KY
Compare verified mortgage lenders serving Hickman, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hickman
Featured Mortgage Lenders
Mortgage Department
RBS Citizens Bank
RBS Citizens Bank (operating as Citizens Bank of Paducah) is a highly-rated regional financial institution with deep roots in Western Kentucky. They have served the Hickman area for decades with personalized mortgage solutions and local underwriting expertise. Their strong community presence and commitment to customer service make them a top choice for Hickman residents seeking conventional, FHA, and USDA rural development loans. The bank maintains excellent ratings for competitive rates, transparent processes, and local decision-making capabilities.
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Mortgage Lending Division
Republic Bank & Trust Company
Republic Bank & Trust Company has established itself as a premier mortgage lender throughout Western Kentucky with multiple branches serving the Hickman area. They are particularly noted for their expertise in USDA rural housing loans, which are highly relevant for Hickman and surrounding Fulton County. The bank receives consistent high marks for responsive customer service, competitive rate offerings, and streamlined application processes. Their local loan officers have extensive knowledge of the unique real estate market in this region.
Loan Types:
Local Mortgage Team
Churchill Mortgage
Churchill Mortgage maintains a strong presence throughout Kentucky and Tennessee, with dedicated loan officers specifically serving the Western Kentucky region including Hickman. They have earned exceptional ratings for their educational approach to mortgage lending and personalized service model. Churchill is particularly well-regarded for their expertise in VA loans and first-time homebuyer programs, with many customers praising their transparent communication and commitment to finding the right loan product for each borrower's unique situation.
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Frequently Asked Questions
Common questions about mortgage lending in Hickman, KY
What are the current mortgage rates like for homes in Hickman, KY?
Mortgage rates in Hickman typically align with national averages but can vary based on local lenders and property types. Currently, rates for 30-year fixed mortgages in Fulton County range between 6.5-7.5% depending on credit score and loan terms. It's best to check with local Hickman lenders like First Kentucky Bank or Farm Credit Mid-America for the most accurate, personalized rates.
Are there any first-time homebuyer programs specifically available in Hickman?
Yes, Hickman homebuyers can access Kentucky Housing Corporation (KHC) programs offering down payment assistance and competitive interest rates. Additionally, the USDA Rural Development loan program is particularly relevant since Hickman qualifies as a rural area, offering 100% financing with no down payment required for eligible borrowers.
How does Hickman's location in a flood zone affect mortgage requirements?
Since Hickman sits along the Mississippi River, most lenders will require flood insurance for properties in designated flood zones. This additional insurance cost must be factored into your monthly mortgage payment calculations. Your lender will order a flood certification to determine if your specific property requires this coverage.
What types of properties are most common for mortgage lending in Hickman?
Hickman primarily features single-family homes, historic properties, and agricultural land with homes. Mortgage approval for historic homes may require additional inspections, while properties with acreage might need agricultural-use considerations. Conventional, FHA, and USDA loans are all commonly used depending on the property type and location within the city.
Are there local down payment assistance programs for Hickman homebuyers?
Yes, through the KHC's "HFA Preferred" and "Regular" loan programs, Hickman buyers can access down payment assistance grants and second mortgage options. The city's participation in statewide Kentucky programs makes these accessible, with some offering up to 4-6% of the loan amount in down payment help for qualified borrowers.
Why Choose a Mortgage Lender in Hickman?
Local Market Knowledge
Lenders who understand Hickman'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 Hickman and get competitive rates on your home loan.