The Best Mortgage Lenders in Mazie, KY
Compare verified mortgage lenders serving Mazie, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Mazie
Featured Mortgage Lenders
Limestone Credit Union
Limestone Credit Union
Limestone Credit Union is a highly-rated local financial institution serving Lewis County and the broader northeastern Kentucky region, including Mazie. With nearly 70 years of community banking experience, they offer personalized mortgage services with competitive rates and exceptional member service. Their mortgage specialists provide comprehensive guidance through the entire home loan process, from application to closing, with special expertise in rural property financing that's particularly relevant for Mazie area homes.
Loan Types:
The Farmers Bank
The Farmers Bank
The Farmers Bank has been serving the Mazie area and surrounding communities for over a century, making them one of the most established and trusted mortgage lenders in northeastern Kentucky. They specialize in rural property financing and offer competitive mortgage products specifically designed for the local market. Their experienced loan officers provide personalized service with deep knowledge of the Lewis County real estate market, and they're known for their responsive communication and streamlined application process.
Loan Types:
Gateway Mortgage Group
Gateway First Bank
Gateway Mortgage Group (now Gateway First Bank) maintains a strong presence throughout Kentucky with dedicated mortgage specialists serving the Mazie area. They combine the resources of a national lender with local expertise, offering a comprehensive range of mortgage products and highly competitive rates. Their digital mortgage platform provides convenience for rural borrowers, while their experienced loan officers offer personalized guidance through every step of the home financing process, making them a top choice for Mazie residents seeking reliable mortgage services.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Mazie, KY
What are the current average mortgage rates for homebuyers in Mazie, KY?
Mortgage rates in Mazie typically align with national averages but can be slightly lower due to the area's rural classification. As of recent data, 30-year fixed rates often range between 6.5% and 7%, but working with a local lender who understands Mazie's market can help you secure competitive terms. It's wise to compare offers from both regional banks and credit unions serving Carter County.
Are there any first-time homebuyer programs specifically available in Mazie?
Yes, the Kentucky Housing Corporation (KHC) offers several first-time homebuyer programs accessible to Mazie residents, including down payment assistance and affordable fixed-rate mortgages. Additionally, local lenders may have special programs for Carter County buyers, particularly those purchasing in designated rural areas. These programs often feature lower interest rates and reduced closing costs.
How does Mazie's rural location affect the mortgage process?
Mazie's rural classification can impact lending through USDA loans, which offer 100% financing for eligible properties and borrowers in designated rural areas. However, some lenders might require additional property inspections due to the area's well and septic systems. Appraisal processes may also take slightly longer as appraisers often travel from larger nearby cities like Ashland.
What types of properties in Mazie typically qualify for USDA loans?
Most properties in Mazie qualify for USDA loans since the entire area meets rural designation requirements. This includes single-family homes, manufactured homes on permanent foundations, and some condos. The property must meet USDA safety and livability standards, which is particularly important for Mazie's older housing stock and rural infrastructure.
How do property taxes in Carter County affect mortgage payments in Mazie?
Carter County has relatively low property tax rates compared to urban Kentucky areas, typically around 0.8% of assessed value. This means your escrow payments for taxes will be lower, making overall mortgage payments more affordable. However, it's important to verify the exact tax amount for your specific property, as rates can vary slightly within the county.
Why Choose a Mortgage Lender in Mazie?
Local Market Knowledge
Lenders who understand Mazie'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 Mazie and get competitive rates on your home loan.