The Best Mortgage Lenders in Shepherdsville, KY
Compare verified mortgage lenders serving Shepherdsville, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Shepherdsville
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with an exceptional reputation for customer service, competitive rates, and efficient loan processing. They have a strong local presence in the Louisville metropolitan area, including Shepherdsville, and are known for their personalized approach, wide range of loan options, and high customer satisfaction scores from numerous reviews.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its innovative technology, fast closing times, and competitive pricing. They serve Shepherdsville and the broader Kentucky region with a focus on customer-centric solutions, earning strong ratings for reliability and a smooth mortgage experience from a substantial number of satisfied clients.
Loan Types:
New American Funding
New American Funding
New American Funding is a reputable lender praised for its diverse loan products and commitment to serving first-time homebuyers and diverse communities. With a local office in Louisville, they provide personalized service to Shepherdsville residents, offering competitive rates and earning high marks for customer care and transparency in reviews.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Shepherdsville, KY
What are the current mortgage rates like for homebuyers in Shepherdsville, KY?
Mortgage rates in Shepherdsville typically align with national averages but can vary based on local lender competition. As of 2024, rates for 30-year fixed mortgages in the Shepherdsville area generally range from 6.5% to 7.25%, with Bullitt County lenders often offering competitive terms due to the growing local housing market. It's best to compare rates from both local credit unions and national lenders serving the area.
Are there any first-time homebuyer programs specifically available in Shepherdsville?
Yes, Shepherdsville homebuyers can access Kentucky Housing Corporation (KHC) programs like the "Regular Loan Program" with down payment assistance. Additionally, the Bullitt County Housing Authority occasionally offers local homebuyer education and assistance programs. These programs can provide lower interest rates and down payment help specifically for Bullitt County residents purchasing their first home.
How does Shepherdsville's proximity to Louisville affect mortgage lending and home values?
Shepherdsville's location in the Louisville metropolitan area means lenders often view it as a stable market with good appreciation potential. This proximity to major employment centers typically results in easier mortgage qualification and competitive lending terms. However, it also means home values have been rising faster than in more rural Kentucky counties, affecting loan amounts needed.
What special considerations should I know about when getting a mortgage for older homes in Shepherdsville's historic areas?
When purchasing older homes in Shepherdsville's established neighborhoods, lenders may require additional inspections and sometimes repairs before closing. Many homes in central Shepherdsville were built before 1980, so FHA 203(k) renovation loans are popular options here. It's important to work with a lender experienced in Bullitt County's older housing stock to navigate potential appraisal challenges.
Are there any local property tax considerations that affect mortgage payments in Shepherdsville?
Yes, Bullitt County property taxes are relatively moderate compared to Jefferson County, which helps keep overall mortgage payments affordable. However, Shepherdsville homeowners should anticipate annual tax rates around 0.85% of assessed value, which lenders factor into your debt-to-income ratio. New construction in developing areas may also have special tax districts that could affect your monthly payment.
Nearby Cities
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Why Choose a Mortgage Lender in Shepherdsville?
Local Market Knowledge
Lenders who understand Shepherdsville'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 Shepherdsville and get competitive rates on your home loan.