The Best Mortgage Lenders in Taylorsville, KY
Compare verified mortgage lenders serving Taylorsville, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Taylorsville
Featured Mortgage Lenders
New American Funding
New American Funding, LLC
New American Funding is a top-rated mortgage lender with a strong presence in the Louisville metropolitan area, serving Taylorsville residents with competitive rates and exceptional customer service. Founded in 2003, they specialize in a wide range of loan products, including government-backed options, and are praised for their efficient processing and support for first-time homebuyers. Their high customer satisfaction scores and local expertise make them a reliable choice for mortgages in the region.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a robust local office in Louisville, offering tailored services to Taylorsville homebuyers. Established in 2000, they are known for their digital mortgage platform, which streamlines the application process, and their commitment to transparent pricing and fast closings. With high ratings for customer support and a variety of loan options, they provide a seamless experience for both purchase and refinance transactions.
Loan Types:
Mortgage Masters of Kentucky
Mortgage Masters of Kentucky, LLC
Mortgage Masters of Kentucky is a highly regarded local mortgage broker with deep roots in the Louisville area, including service to Taylorsville. Founded in 2003, they excel in providing personalized mortgage solutions, leveraging their extensive experience to secure competitive rates and flexible terms. Their strong community presence, coupled with high customer reviews for responsiveness and expertise, makes them an excellent option for borrowers seeking individualized attention and local market knowledge.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Taylorsville, KY
What are the current average mortgage rates for homebuyers in Taylorsville, KY?
Current mortgage rates in Taylorsville typically range from 6.5% to 7.5% for 30-year fixed loans, depending on credit score and loan type. Taylorsville rates often align with national averages but can vary slightly based on local lender competition. It's best to compare rates from both local Kentucky banks and national lenders serving the area.
Are there any first-time homebuyer programs specifically available in Taylorsville?
Yes, Taylorsville 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 mortgages with down payment assistance up to 4% of the loan amount. These programs are particularly valuable given Taylorsville's median home prices being below state averages.
How does Taylorsville's rural location affect mortgage lending requirements?
Taylorsville's rural setting may qualify some properties for USDA loans, which offer 100% financing with no down payment required. However, properties must meet USDA eligibility criteria for rural areas. Conventional loans may require additional property inspections due to the area's mix of older homes and newer construction near Taylorsville Lake.
What unique property considerations should I know about when getting a mortgage in Taylorsville?
Many Taylorsville properties include larger lots or acreage, which may require specialized appraisals and affect loan-to-value ratios. Homes near Taylorsville Lake might have higher insurance requirements that impact debt-to-income calculations. Additionally, older historic properties in the downtown area may need specific renovation loans rather than conventional financing.
How competitive is the mortgage market in Taylorsville compared to larger Kentucky cities?
Taylorsville's mortgage market is less competitive than Louisville or Lexington, with fewer local lender options but potentially more personalized service. Many buyers work with lenders from nearby Spencer County or Shelbyville while still qualifying for local programs. The smaller market can mean faster processing times but may have slightly higher rates due to reduced competition.
Nearby Cities
Explore mortgage lenders in cities near Taylorsville, KY
Why Choose a Mortgage Lender in Taylorsville?
Local Market Knowledge
Lenders who understand Taylorsville'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 Taylorsville and get competitive rates on your home loan.