The Best Mortgage Lenders in Keene, KY
Compare verified mortgage lenders serving Keene, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Keene
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong reputation for exceptional customer service, competitive rates, and a wide array of loan options. Serving Keene and central Kentucky for over 27 years, they are praised for their personalized approach, efficient processing, and high customer satisfaction scores. Their local branch in Lexington ensures accessible support for homebuyers in the area.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender known for its diverse loan products and commitment to customer satisfaction. With two decades of experience, they serve Keene and the broader Lexington area, offering competitive rates and specialized programs for first-time homebuyers. Their strong local presence and excellent reviews highlight their reliability and community focus.
Loan Types:
Movement Mortgage
Movement Mortgage
Movement Mortgage stands out for its high customer ratings, fast loan processing, and dedicated local service in Keene and surrounding areas. Founded in 2008, they combine national resources with personalized attention, offering a variety of loan types and competitive rates. Their strong review count and years of experience demonstrate a track record of reliability and customer-centric approaches.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Keene, KY
What are the current average mortgage rates for homebuyers in Keene, KY?
Mortgage rates in Keene typically align with national averages but can vary slightly based on local lenders and property types. As of recent data, 30-year fixed rates in this area generally range between 6.5-7.25%, though rural properties might see slightly higher rates. It's best to check with local Keene lenders like Community Trust Bank or traditional banks for the most current personalized rates.
Are there any special mortgage programs for first-time homebuyers in Keene?
Yes, Kentucky Housing Corporation (KHC) offers several first-time homebuyer programs accessible to Keene residents, including down payment assistance and competitive interest rate loans. These programs are particularly valuable in Keene's affordable market where median home prices are below state averages. Local lenders can help you determine if you qualify for KHC's HFA Preferred or Regular loan programs.
How does Keene's rural location affect the mortgage approval process?
Keene's rural setting in Jessamine County can impact appraisals and property eligibility, particularly for USDA loans which are popular here. Lenders may require additional verification for properties with well and septic systems, which are common in the area. However, Keene's proximity to Lexington often helps maintain property values and lender confidence.
What types of properties typically qualify for USDA loans in Keene?
Most properties in Keene qualify for USDA rural development loans since the area meets population requirements for this program. These zero-down-payment loans work well for single-family homes, manufactured homes on permanent foundations, and condos that meet USDA standards. Given Keene's agricultural surroundings, many homes here are USDA-eligible.
Are there local down payment assistance programs specifically for Keene homebuyers?
While Keene itself doesn't have city-specific programs, Jessamine County and Kentucky state programs are readily accessible. The KHC Down Payment Assistance program provides up to $10,000 in forgiveable assistance for qualified buyers. Additionally, some local lenders offer special programs for Keene's teachers, healthcare workers, and first responders given the community's composition.
Why Choose a Mortgage Lender in Keene?
Local Market Knowledge
Lenders who understand Keene'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 Keene and get competitive rates on your home loan.