The Best Mortgage Lenders in Regina, KY
Compare verified mortgage lenders serving Regina, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Regina
Featured Mortgage Lenders
Community Trust Bank Mortgage Team
Community Trust Bank
Community Trust Bank is one of Eastern Kentucky's most established and highly-rated mortgage lenders with deep roots in the region. While based in Mount Vernon (approximately 30 minutes from Regina), they serve clients throughout Rockcastle and surrounding counties. They maintain exceptional customer satisfaction ratings for their personalized service, competitive rates, and extensive experience with rural property financing. Their long history in Kentucky banking and strong community presence make them a trusted choice for Regina area homebuyers seeking local decision-making and reliable mortgage services.
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Kentucky Employees Credit Union Mortgage Department
Kentucky Employees Credit Union
Kentucky Employees Credit Union provides exceptional mortgage services to members throughout central and eastern Kentucky, including the Regina area. While headquartered in Lexington, they serve clients across multiple counties with competitive rates and member-focused service. KECU receives consistently high marks for their transparent lending process, educational approach for first-time homebuyers, and flexibility with various loan programs. Their USDA and FHA loan expertise is particularly valuable for rural Kentucky properties, and they offer digital mortgage applications with local underwriting support.
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First National Bank of Manchester Mortgage Division
First National Bank of Manchester
First National Bank of Manchester has been serving southeastern Kentucky communities for over a century, with specific expertise in rural and semi-rural property financing that makes them well-suited for Regina area homebuyers. Located in nearby Manchester, they offer personalized mortgage services with local underwriting and decision-making. They're particularly strong with construction loans and rural development financing, understanding the unique needs of Kentucky's rural communities. Customers consistently praise their responsive service, competitive rates, and deep knowledge of local real estate markets.
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Frequently Asked Questions
Common questions about mortgage lending in Regina, KY
What are the current average mortgage rates for homebuyers in Regina, KY?
Mortgage rates in Regina, KY, typically align with national averages but can be slightly influenced by local economic factors. As of late 2023, rates for a 30-year fixed mortgage in the area generally range from 6.5% to 7.5%, but it's essential to consult with local lenders for the most up-to-date quotes. Local credit unions and community banks in Boone County often offer competitive rates that may differ from larger national institutions.
Are there any first-time homebuyer programs available specifically for Regina, KY residents?
Yes, first-time homebuyers in Regina may qualify for Kentucky Housing Corporation (KHC) programs, which offer down payment assistance, competitive interest rates, and tax credits. Additionally, some local lenders in Boone County provide special first-time buyer loans with low down payment options. It's advisable to work with a mortgage advisor familiar with both state and local programs to maximize benefits.
How does the rural nature of Regina, KY, affect mortgage lending and property eligibility?
Due to Regina's rural setting in Boone County, some properties may qualify for USDA loans, which offer 100% financing with no down payment required for eligible borrowers and homes in designated rural areas. However, not all properties in Regina may meet USDA criteria, so it's important to verify eligibility with your lender. Additionally, appraisals might take longer due to fewer comparable sales in the area.
What should I know about property taxes and insurance when getting a mortgage in Regina, KY?
Property taxes in Boone County, where Regina is located, are relatively moderate compared to urban areas, with an average effective rate around 0.85% of the home's assessed value. Homeowners insurance in this rural region may be influenced by factors like proximity to fire stations and flood zones, so it's wise to get quotes early in the mortgage process. Lenders will include these estimates in your monthly payment calculations.
Are there any local down payment assistance programs for low-to-moderate income buyers in Regina?
While Regina itself doesn't have city-specific programs, Boone County and the state of Kentucky offer several options, such as the KHC's "Regular Loan Program" with down payment assistance grants. Some local nonprofits and community development organizations also provide aid, particularly for households earning below the area median income. Consulting with a local mortgage broker can help identify all available resources tailored to your financial situation.
Nearby Cities
Explore mortgage lenders in cities near Regina, KY
Why Choose a Mortgage Lender in Regina?
Local Market Knowledge
Lenders who understand Regina'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 Regina and get competitive rates on your home loan.