The Best Mortgage Lenders in Mize, KY
Compare verified mortgage lenders serving Mize, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Mize
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a strong presence in Kentucky, serving Mize and surrounding areas. Known for competitive rates and exceptional customer service, they have numerous awards and high customer satisfaction ratings. Their local Lexington office ensures personalized service for homebuyers in rural and urban communities, with a focus on streamlined processes and a wide range of loan options.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly reputable lender with a significant regional footprint that includes service to Mize, KY. They are praised for fast closings, transparent communication, and community involvement. With a focus on technology and customer care, they offer competitive loan products and have consistently high ratings for reliability and borrower satisfaction.
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Supreme Lending
Supreme Lending, Inc.
Supreme Lending is an established mortgage company with a strong track record in Kentucky, providing services to Mize and nearby regions. They excel in offering flexible loan solutions and personalized advice, backed by years of industry expertise. High customer reviews highlight their responsiveness, competitive rates, and dedication to making the mortgage process smooth and efficient.
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Frequently Asked Questions
Common questions about mortgage lending in Mize, KY
What are the current average mortgage rates for homebuyers in Mize, KY?
Mortgage rates in Mize 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 from 6.5% to 7.2%, though rural properties might see slightly higher rates. It's best to check with local Mize lenders like Community Trust Bank or Forcht Bank for the most current rates and terms.
Are there any special mortgage programs for first-time homebuyers in Mize?
Yes, Kentucky Housing Corporation (KHC) offers several first-time homebuyer programs accessible to Mize residents, including down payment assistance and competitive interest rates. Additionally, some local lenders may offer special programs for teachers, healthcare workers, or other essential service employees in the area. These programs can help with lower down payments and closing cost assistance.
How does Mize's rural location affect mortgage lending requirements?
Mize's rural classification can actually work to your advantage through USDA loans, which offer 100% financing with no down payment required for eligible properties and borrowers. However, appraisals in rural areas may take longer and require specialized appraisers familiar with local property types. Lenders may also have stricter requirements for properties with well and septic systems.
What should I know about property taxes and insurance when getting a mortgage in Mize?
Morgan County, where Mize is located, has relatively low property tax rates compared to urban Kentucky areas, typically around 0.8% of assessed value. Homeowners insurance costs may be higher than average due to the rural setting and distance from fire stations. Your lender will help escrow these payments, but it's important to budget for these ongoing costs.
Are there local down payment assistance programs specifically for Mize homebuyers?
While Mize itself doesn't have city-specific programs, Morgan County and Kentucky offer several options. The KHC Down Payment Assistance program provides up to $6,000 in help, and some local employers like the school district or healthcare facilities may offer housing assistance. Local credit unions often have special programs for members buying homes in the community.
Why Choose a Mortgage Lender in Mize?
Local Market Knowledge
Lenders who understand Mize'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 Mize and get competitive rates on your home loan.