Getting the right mortgage for a Kentucky home a little more difficult than you thought? Annoyed with WebPages that don’t help you find what you are looking for? That is why Mortgage-Info.us is here. So if you are looking for lenders, Mortgage Rates, or Mortgage Brokers – we got it. Plus when you fill out a mortgage quote form from Mortgage-Info.us, we will get you offers from 2-4 different lenders, meaning you will be able to choose the rate that you want.
Featured Mortgage Lenders in Kentucky
Kentucky Mortgage Quick Facts
Kentucky State Population: 4,041,769*
Median Kentucky Home Price: $86,700*
Total Housing Units in Kentucky: 1,796,900*
Kentucky Home Ownership Rate: 70.8%*
Types of Mortgage Loans Available in Kentucky
There’s no need to worry about finding the right type of mortgage loan in Kentucky; there are plenty of options to choose from:
• Fixed Rate Mortgage Loans
• Adjustable Rate Mortgage Loans
• Interest only Mortgage loans
• LIBOR Mortgage Loans
• Cash out Mortgage Loans
• Refinance Mortgage Loans
• Second Mortgage Loans
• Home Purchase Mortgage Loans
• Reverse Mortgage Loans
• Home Equity Loan
• Home Equity Line of Credit Mortgage Loans (HELOC)
• Other Special Mortgage Loans
How Your Credit Score Affects Your Mortgage Rate
To begin with, you’ll need to know what your current credit score is. You should compare that against the average Kentucky consumer credit score which is 675. And the national average credit score is 677. Your credit score impacts what your home mortgage rate will be. Historically home mortgage rates have varied from 5% to over 13%. Lenders create their home mortgage rates by using the Federal Discount Interest Rate and then increase it by using an internal formula to create their own home mortgage rate. When you apply for a home mortgage, your home mortgage rate will be determined by a whole host of factors– your credit score being very important.
Kentucky Mortgage State Laws:
Only Judicial foreclosure is practiced in Kentucky.
In cases of property abandonment, the lender is entitled to the property immediately after the borrower defaults.
In normal default cases, the court will determine how much the borrower still owes, and a short time period in which the borrower may pay it and maintain the property.
If the borrower fails to pay, the process of selling the property begins. The property is appraised and a sale date is set.
If the property sells for less than two thirds of its appraisal price, the borrower has one year to buy the property for its foreclosure price, plus interest.
Foreclosure processes usually take six months.
White Collar Crime Supervisor
600 Martin Luther King Jr. Pl, Rm 500
Louisville, KY 40202-2231
Phone: (502) 583-3941
Adair County, Allen County, Anderson County, Ballard County, Barren County, Bath County, Bell County, Boone County, Bourbon County, Boyd County, Boyle County, Bracken County, Breathitt County, Breckinridge County, Bullitt County, Butler County, Caldwell County, Calloway County, Campbell County, Carlisle County, Carroll County, Carter County, Casey County, Christian County, Clark County, Clay County, Clinton County, Crittenden County, Cumberland County, Daviess County, Edmonson County, Elliott County, Estill County, Fayette County, Fleming County, Floyd County, Franklin County, Fulton County, Gallatin County, Garrad County, Grant County, Graves County, Grayson County, Green County, Greenup County, Hancock County, Hardin County, Harlan County, Harrison County, Hart County, Henderson County, Henry County, Hickman County, Kopkins County, Jackson County, Jefferson County, Jessamine County, Johnson County, Kenton County, Knott County, Knox County, Larue County, Laurel Couty, Lawrence County, Lee County, Leslie County, Letcher County, Lewis County, Lincoln County, Livingston County, Logan County, Lyon County, McCraken County, McCreary County, McLean County, Madison County, Magoffin County, Marion County, Marshall County, Martin County, Mason County, Meade County, Menifee County, Mercer County, Metcalfe County, Monroe County, Montgomery County, Morgan County, Muhlenberg County, Nelson County, Nicholas County, Ohio County, Oldham County, Owen County, Owsley County, Pendleton County, Perry County, Pike County, Powell County, Pulaski County, Robertson County, Rockcastle County, Rowan County, Russell County, Scott County, Shelby County, Simpson County, Spencer County, Taylor County, Todd County, Trigg County, Trimble County, Union County, Warren County, Washington County, Wayne County, Webster County, Whitley County, Wolfe County, Woodford County
This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.