The Best Mortgage Lenders in Versailles, KY
Compare verified mortgage lenders serving Versailles, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Versailles
Featured Mortgage Lenders
Supreme Lending
Supreme Lending
Supreme Lending is a top-rated mortgage broker with a strong local presence in Central Kentucky, including Versailles. Founded in 1999, they have over 25 years of experience and are renowned for their competitive rates, personalized service, and expertise in a wide range of loan products. With numerous positive reviews highlighting their responsiveness and efficiency, they consistently receive high marks for customer satisfaction. Their Lexington office serves Woodford County directly, making them a trusted choice for homebuyers in the Versailles area seeking reliable and transparent mortgage solutions.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a robust regional presence in Kentucky, serving Versailles and surrounding areas. Established in 2000, they offer 24 years of expertise and are praised for their innovative digital tools, competitive rates, and efficient loan processing. With hundreds of reviews noting excellent customer service and a wide array of loan options, they have built a strong reputation for reliability and accessibility. Their Louisville office provides convenient support for Central Kentucky clients, ensuring timely and professional mortgage assistance.
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New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender with a commitment to serving diverse communities, including Versailles. Founded in 2003, they bring 21 years of experience and are known for their inclusive lending practices, competitive rates, and personalized customer care. They excel in offering a broad spectrum of loan products and have received positive feedback for their efforts in increasing homeownership accessibility. With a local office in Lexington, they provide dedicated support to Woodford County residents, making them a reliable and community-focused option for mortgage needs.
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Frequently Asked Questions
Common questions about mortgage lending in Versailles, KY
What are current mortgage rates like in Versailles, KY compared to national averages?
Mortgage rates in Versailles typically align closely with national averages, though local credit unions like Central Kentucky Federal Credit Union may offer competitive rates. As of 2024, Versailles buyers can expect rates within 0.125% of national averages, with local lenders often providing personalized rate reviews based on Woodford County's stable housing market.
Are there any first-time homebuyer programs specific to Versailles or Woodford County?
Yes, the Kentucky Housing Corporation (KHC) offers several first-time homebuyer programs accessible to Versailles residents, including down payment assistance and favorable interest rates. Additionally, some local lenders provide special programs for buyers employed by major Versailles employers like Toyota and related manufacturing facilities in the Bluegrass Region.
How does Versailles' historic district affect mortgage lending requirements?
Purchasing in Versailles' historic districts may require additional inspections and potentially higher insurance costs, which lenders factor into loan approvals. Some lenders may require specialized appraisals for historic properties, and buyers should inquire about KHC's Preservation Loan Program which offers specific financing for qualifying historic homes in Kentucky.
What unique closing costs should Versailles homebuyers anticipate?
Versailles homebuyers should budget for standard Kentucky closing costs plus Woodford County-specific fees including transfer taxes and recording fees. Unique to the area are potential costs for septic system inspections (common in rural parts of the county) and possibly higher title insurance due to the area's agricultural history and complex land records.
How does Versailles' proximity to Lexington impact mortgage lending options?
Versailles' location in the Lexington MSA provides access to both local lenders and numerous Lexington-based mortgage companies, creating competitive lending options. Many lenders offer special "commuter" programs recognizing the stable employment base between Versailles and Lexington's major employers, potentially resulting in more flexible debt-to-income ratio considerations.
Why Choose a Mortgage Lender in Versailles?
Local Market Knowledge
Lenders who understand Versailles'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 Versailles and get competitive rates on your home loan.