The Best Mortgage Lenders in Wilmore, KY
Compare verified mortgage lenders serving Wilmore, Kentucky. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Wilmore
Featured Mortgage Lenders
Rob Blevins
Churchill Mortgage
Churchill Mortgage is one of the most highly-rated mortgage lenders serving the Central Kentucky region, with Rob Blevins' Lexington office specifically praised for exceptional customer service and expertise with first-time homebuyers. They offer comprehensive mortgage solutions with a strong focus on financial education and personalized service. Their team has extensive experience with all loan types including VA loans, which is particularly relevant for the Wilmore area given its proximity to military families. They're known for competitive rates and transparent processes.
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Forcht Bank Mortgage Team
Forcht Bank
Forcht Bank is a well-established Kentucky-based community bank with a strong presence in Jessamine County, directly serving the Wilmore area. Their Nicholasville location is conveniently close to Wilmore and they have deep roots in the local community. They offer competitive mortgage rates and personalized service with local decision-making. Customers consistently praise their responsive communication and smooth closing processes. As a community bank, they understand local market conditions and provide flexible lending options.
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Jason Salyers
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a nationally recognized lender with a strong Lexington presence that actively serves the Wilmore market. Jason Salyers and his team receive outstanding reviews for their expertise, particularly with conventional and FHA loans. They're known for efficient processing and competitive rate offerings. The company has won multiple industry awards for customer satisfaction and provides a wide range of mortgage products with excellent digital tools for easy application and tracking.
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Frequently Asked Questions
Common questions about mortgage lending in Wilmore, KY
What are the current average mortgage rates for homebuyers in Wilmore, KY?
Mortgage rates in Wilmore typically align with national averages but can vary slightly based on local lenders. As of recent data, 30-year fixed rates generally range from 6.5% to 7%, while 15-year fixed rates are around 6% to 6.5%. It's wise to compare offers from local credit unions like Commonwealth Credit Union and national lenders for the best terms.
Are there any first-time homebuyer programs specific to Wilmore or Jessamine County?
Yes, Wilmore homebuyers can access Kentucky Housing Corporation (KHC) programs, which offer down payment assistance and competitive interest rates. Additionally, some local lenders provide special programs for educators and staff at Asbury University or other community professionals. These can include reduced fees or grants for closing costs.
How does Wilmore's proximity to Lexington affect mortgage lending and housing affordability?
Wilmore's location near Lexington makes it an attractive, more affordable alternative, with median home prices typically 20-30% lower. This can influence loan amounts and eligibility, as lenders may view properties in Wilmore as lower risk compared to Lexington's competitive market. Commuter-friendly loan products are sometimes available for buyers working in Lexington.
What should I know about property taxes and insurance when getting a mortgage in Wilmore?
Jessamine County property taxes in Wilmore are relatively moderate, averaging about 0.85% of assessed value annually. Homeowners insurance costs are generally affordable due to Wilmore's low crime rates and minimal flood risk, though lenders may require additional coverage if your property is near the Kentucky River. These factors can impact your total monthly mortgage payment.
Are there any local down payment assistance programs for buying a home in Wilmore?
Besides KHC's statewide programs, some Wilmore-specific initiatives occasionally arise through community banks or non-profits focusing on rural development. The USDA Rural Development loan program is also applicable in Wilmore, offering 100% financing for eligible buyers in this designated rural area. Check with local lenders for current availability and eligibility requirements.
Why Choose a Mortgage Lender in Wilmore?
Local Market Knowledge
Lenders who understand Wilmore'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 Wilmore and get competitive rates on your home loan.