The Best Mortgage Lenders in Warfield, KY
Compare verified mortgage lenders serving Warfield, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Warfield
Featured Mortgage Lenders
Community Trust Bank Mortgage Team
Community Trust Bank
Community Trust Bank stands as one of Eastern Kentucky's most trusted mortgage lenders with over a century of service. They maintain an exceptional 4.8-star rating across multiple review platforms with particular strength in rural and small-town lending. Their deep roots in the Appalachian region make them exceptionally familiar with Warfield's unique real estate market. Customers consistently praise their personalized service, competitive rates, and expertise with USDA rural development loans that are particularly relevant to the Warfield area. The bank has multiple branches throughout Eastern Kentucky and maintains strong relationships with local real estate professionals.
Loan Types:
Appalachian Federal Credit Union Mortgage Department
Appalachian Federal Credit Union
Appalachian Federal Credit Union has served Eastern Kentucky families for decades with an outstanding reputation for mortgage lending. Their 4.7-star rating reflects exceptional member satisfaction and their non-profit structure often allows for more competitive rates and lower fees. They specialize in serving the unique needs of rural communities like Warfield and have particular expertise with VA loans and first-time homebuyer programs. Members consistently highlight their patient, educational approach and streamlined application process. Their local underwriting team understands the specific challenges and opportunities of the region's housing market.
Loan Types:
1st Priority Mortgage
1st Priority Mortgage, Inc.
While based in Lexington, 1st Priority Mortgage has established itself as one of Kentucky's top-rated mortgage brokers with extensive experience serving clients throughout Eastern Kentucky, including Warfield. Their 4.6-star rating across hundreds of reviews demonstrates consistent excellence in customer service and loan processing. As a mortgage broker, they have access to multiple lenders, which often results in better rates and more flexible terms for borrowers. They receive particularly high marks for their communication throughout the loan process and expertise with complex financial situations. Their team includes specialists in rural property financing who understand the specific requirements of properties in the Warfield area.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Warfield, KY
What are the current mortgage rates like for homes in Warfield, KY?
Mortgage rates in Warfield are generally competitive with national averages, but can be slightly influenced by the rural nature of Martin County. As of late 2023, rates for 30-year fixed mortgages typically range from 6.5% to 7.5% for qualified buyers. It's best to check with local lenders who understand the Warfield market specifically, as they may have access to regional programs that could offer better terms.
Are there any first-time homebuyer programs specific to Warfield that I should know about?
Yes, Kentucky Housing Corporation (KHC) offers several first-time homebuyer programs that are available in Warfield, including down payment assistance and competitive interest rates. Additionally, some local lenders may offer special programs for Martin County residents. These programs can be particularly helpful given Warfield's modest median income levels compared to state averages.
How does Warfield's rural location affect the mortgage approval process?
Warfield's rural classification can actually work to your advantage through USDA Rural Development loans, which offer 100% financing with no down payment required. However, appraisals might take slightly longer as comparable properties may be farther apart. Lenders familiar with the area will understand how to properly value properties in this small community.
What types of properties are most common in Warfield's mortgage market?
Warfield primarily features single-family homes, manufactured homes on permanent foundations, and some older historic properties. Mortgage options vary by property type - conventional loans work for most single-family homes, while FHA and VA loans are popular for manufactured homes that meet specific requirements. Local lenders are experienced with the unique property mix in this area.
Are property taxes in Warfield typically included in mortgage escrow accounts?
Yes, most lenders will include Martin County property taxes in your escrow account along with homeowners insurance. Warfield's property tax rates are relatively low compared to national averages, which helps keep monthly payments affordable. Current Martin County tax rates are approximately 0.85% of assessed value, but your lender will verify the exact amount during the loan process.
Why Choose a Mortgage Lender in Warfield?
Local Market Knowledge
Lenders who understand Warfield'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 Warfield and get competitive rates on your home loan.