The Best Mortgage Lenders in Rush, KY
Compare verified mortgage lenders serving Rush, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Rush
Featured Mortgage Lenders
loanDepot
loanDepot, LLC
loanDepot is a highly-rated national mortgage lender known for its competitive rates and efficient online application process. With over a decade of experience, they specialize in a wide range of loan types, including government-backed options, making them accessible for various borrowers in Rush, KY. Their strong customer service record and digital tools provide a seamless experience, earning them positive reviews for responsiveness and reliability in the Kentucky market.
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New American Funding
New American Funding
New American Funding is a top-rated mortgage lender with a strong reputation for personalized service and diverse loan products. Founded in 2003, they have extensive experience serving Kentucky residents, including those in Rush, with a focus on competitive rates and community engagement. Their high customer satisfaction ratings stem from dedicated support for first-time homebuyers, refinancing options, and efforts to promote homeownership in underserved areas, making them a trusted choice in the region.
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Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a reputable national lender with a solid track record in the mortgage industry, offering a variety of loan options tailored to borrowers in Rush, KY. With 16 years of experience, they are praised for their competitive rates, flexible terms, and efficient processing. Their commitment to customer service includes dedicated loan officers and educational resources, ensuring a smooth homebuying experience. High review counts reflect their reliability and satisfaction among Kentucky homeowners.
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Frequently Asked Questions
Common questions about mortgage lending in Rush, KY
What are the current average mortgage rates for homebuyers in Rush, KY?
Mortgage rates in Rush typically align with national averages but can be slightly lower due to the area's rural classification and lower cost of living. As of recent data, 30-year fixed rates in Boyd County generally range between 6.5% and 7%, but working with a local lender who understands Rush's market can help you secure the most competitive rate. Rates can vary based on credit score, loan type, and down payment amount.
Are there any special loan programs available for first-time homebuyers in Rush?
Yes, Rush homebuyers can access Kentucky Housing Corporation (KHC) programs offering down payment assistance and competitive interest rates. The KHC's "Regular Loan Program" provides 30-year fixed-rate financing with down payment assistance up to $10,000. Additionally, USDA loans are particularly relevant in Rush's rural areas, offering 100% financing with no down payment required for eligible borrowers.
How does Rush's rural location affect mortgage options and requirements?
Rush's rural designation makes USDA loans widely available, which require no down payment and have more flexible credit guidelines. Many properties in the area also qualify for FHA's 203(k) renovation loans, which is valuable given the older housing stock common in Eastern Kentucky. Local lenders familiar with Rush's property types and appraisal considerations can navigate these rural-specific mortgage aspects effectively.
What should I know about property taxes and insurance when getting a mortgage in Rush?
Boyd County property taxes in Rush are relatively affordable compared to urban areas, typically ranging from 0.8% to 1.0% of assessed value. Homeowners insurance costs are generally moderate but may be slightly higher for properties in flood-prone areas near the East Fork of the Little Sandy River. Your lender will help estimate these costs for your mortgage payment calculation.
Are there local down payment assistance programs specifically for Rush homebuyers?
While Rush itself doesn't have city-specific programs, Boyd County offers the "Homeownership Opportunity Bond Program" providing down payment assistance up to $6,000 for qualified buyers. The KHC also provides additional down payment assistance that pairs with their mortgage programs. Many local lenders in the Ashland-Huntington area serving Rush are experienced with these regional assistance options.
Why Choose a Mortgage Lender in Rush?
Local Market Knowledge
Lenders who understand Rush'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 Rush and get competitive rates on your home loan.