SSL Secured
Privacy Protected
Licensed & Regulated
MortgageLenderNearMe
Martin, KY

The Best Mortgage Lenders in Martin, KY

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

3
Top Lenders
4.7
Avg Rating
372+
Reviews
9
Loan Types

Available Loan Programs in Martin

Conventional
FHA
VA
USDA
Construction
Refinance
First-time Homebuyer
Jumbo
Construction-to-Perm

Featured Mortgage Lenders

1

Community Trust Bank Mortgage Team

Community Trust Bank, Inc.

★★★★☆
4.8/5

Community Trust Bank stands as one of eastern Kentucky's most trusted mortgage lenders with deep roots in the region. While headquartered in Pikeville (approximately 30 minutes from Martin), they have extensive experience serving Martin and surrounding Floyd County communities. They offer personalized service with local loan officers who understand the unique rural housing market of eastern Kentucky. Their strong reputation comes from competitive rates, flexible loan programs including USDA rural development loans perfect for Martin area, and their commitment to community banking principles with decisions made locally rather than at a distant corporate office.

Experience:23 years
Reviews:89 customer reviews
346 Main Street, Pikeville, KY 41501

Loan Types:

ConventionalFHAVAUSDAConstructionRefinance
Visit Website
2

Members Heritage Credit Union Mortgage Department

Members Heritage Credit Union

★★★★☆
4.7/5

Members Heritage Credit Union has established itself as a top mortgage lender serving communities across Kentucky, including the Martin area. While based in Lexington, they have robust digital mortgage services and serve members throughout the state. They excel at providing competitive rates typically better than large national banks, with exceptional member service and educational resources for first-time homebuyers. Their expertise with USDA loans makes them particularly well-suited for Martin's rural community, and they're known for streamlined processes with local underwriting decisions.

Experience:18 years
Reviews:127 customer reviews
3810 Saron Drive, Lexington, KY 40515

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerRefinance
Visit Website
3

Traditional Bank Mortgage Center

Traditional Bank, Inc.

★★★★☆
4.6/5

Traditional Bank brings over a century of Kentucky banking experience with a strong presence in eastern Kentucky communities including service to Martin area. They combine local community bank personal service with comprehensive mortgage products and competitive pricing. Their mortgage team includes experienced loan officers familiar with the Martin housing market who provide hands-on guidance through the entire process. They're particularly noted for their construction and renovation loan expertise, which is valuable in Martin's developing real estate market, and they maintain high customer satisfaction through transparent communication and reliable service.

Experience:28 years
Reviews:156 customer reviews
129 South Main Street, Mount Sterling, KY 40353

Loan Types:

ConventionalFHAVAJumboConstruction-to-PermRefinance
Visit Website

Frequently Asked Questions

Common questions about mortgage lending in Martin, KY

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

Mortgage rates in Martin typically align with national averages but can be slightly lower due to the area's rural designation. As of late 2024, conventional 30-year fixed rates in Martin generally range from 6.5% to 7.25%, though actual rates depend on credit score, loan type, and lender. Local lenders like Community Trust Bank often offer competitive rates specifically for Eastern Kentucky residents.

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

Yes, Martin homebuyers can access Kentucky Housing Corporation (KHC) programs offering down payment assistance and competitive interest rates. Additionally, USDA loans are particularly valuable here since Martin and surrounding Floyd County qualify for 100% financing rural development loans, eliminating the need for a down payment for eligible borrowers in this designated rural area.

How does Martin's rural location affect the mortgage approval process?

Martin's rural classification can impact appraisals, as comparable properties might be limited, potentially requiring appraisers from larger nearby towns like Prestonsburg or Pikeville. Lenders may also have specific requirements for property types common in the area, such as homes with land or unique layouts. However, the USDA eligibility provides significant advantages for qualified buyers.

What types of properties in Martin might face challenges with conventional mortgage financing?

Manufactured homes, older properties needing significant repairs, and homes with unconventional features common in Eastern Kentucky might face financing hurdles. Many Martin properties built before 1978 may require additional lead-based paint disclosures. Local lenders familiar with Appalachian housing stock are often better equipped to navigate these scenarios than national lenders.

Are there local down payment assistance programs specifically for Martin residents?

While Martin itself doesn't have city-specific programs, Floyd County residents qualify for KHC's "Regular Loan Program" with down payment assistance up to $6,000. Some local employers, including healthcare systems and school districts, may offer employer-assisted housing programs. Working with a mortgage lender familiar with Eastern Kentucky can help identify all available assistance options.

Mortgage Insights

Finding Your Guide: Why a Local Mortgage Agent in Martin, KY is Your Best First Step

If you're starting to dream about owning a home in Martin, Kentucky, you might be searching online for "mortgage agents near me." That simple search is one of the smartest moves you can make. In a close-knit community like ours, a local mortgage agent isn't just a faceless lender; they're a neighbor who understands the unique rhythm of our housing market and can be the key to unlocking your homeownership goals.

The Martin market has its own character. We're talking about charming single-family homes, potentially more affordable acreage compared to bigger cities, and a market where word-of-mouth and local reputation mean everything. A mortgage agent based in Floyd County or nearby truly understands property values here. They know how an appraisal might go for a home on Town Mountain versus one closer to the county seat in Prestonsburg. This hyper-local insight is invaluable when determining how much you can borrow and what your offer should look like, ensuring you don't overpay or miss out on a great property.

Your search for local help also connects you to programs designed for Kentuckians. A Martin-area agent will be well-versed in the Kentucky Housing Corporation (KHC) programs. KHC offers fantastic benefits for eligible buyers, including competitive interest rates, down payment assistance, and even special programs for teachers, firefighters, and healthcare workers. A local expert can walk you through the specific income and credit requirements to see if you qualify for this powerful state-backed assistance, which can make a significant difference in your upfront costs.

So, how do you turn that search into action? First, ask around. In Martin, personal recommendations carry weight. Talk to friends, family, or your real estate agent for trusted names. When you speak to a potential agent, ask them directly: "How many loans have you closed in Floyd County in the last year?" and "Can you explain the KHC programs to me?" Their answers will tell you if they have the boots-on-the-ground experience you need.

Remember, your mortgage agent is your financial advocate. They will help you understand not just the loan, but also how property taxes work in Kentucky, the potential for USDA Rural Development loans in our area (which are highly relevant here), and how to navigate the entire process smoothly. By choosing a professional who knows Martin, you're not just getting a loan; you're gaining a partner who understands the backroads, the community, and the path to your new front door. Start your search locally, and build your future here from a foundation of trusted, hometown expertise.

Nearby Cities

Explore mortgage lenders in cities near Martin, KY

Why Choose a Mortgage Lender in Martin?

Local Market Knowledge

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