NMHL Mortgage Lending
Mortgage Lender in Frankfort, KY
Local expertise and competitive rates for Frankfort homebuyers.
Frankfort Housing Market Overview
Explore mortgage options in Frankfort, KY with NMHL. Our local expertise helps you navigate the Frankfort real estate market with competitive rates and personalized service.
See What You Qualify For
Takes about 5 minutes. No obligation. No credit check until you are ready.
Your Local Mortgage Partner
We understand the local market dynamics that affect your home purchase. Our team provides personalized loan options based on local property values and regulations.
Available Loan Programs in Frankfort
Explore mortgage options tailored to Frankfort homebuyers
First Time Home Buyer Mortgages
Special loan programs helping newcomers purchase their first home with favorable terms and support.
Learn MoreRefi-Shield
Learn MoreAdjustable-Rate Mortgage (ARM)
Financial flexibility and optimal rates with an Adjustable-Rate Mortgage – Your key to a dynamic homeownership journey
Learn MoreHigh-Value Appraisal Program
Learn MoreInterest Only Mortgages
Interest-only mortgages allow borrowers to pay only the interest for a set period, reducing initial monthly payments.
Learn MoreHome Equity Loans
Access the equity in your home with a fixed-rate home equity loan. Get a lump sum with predictable monthly payments for ...
Learn MoreFHA Loans
Federal Housing Administration (FHA) loans are government-backed mortgages designed to help first-time homebuyers and th...
Learn MoreFixed-Rate Mortgage
Lock in your interest rate for the life of the loan with a fixed-rate mortgage. Predictable monthly payments make budget...
Learn MoreBridge Loans
Bridge the gap between buying your new home and selling your current one. Short-term financing that gives you the flexib...
Learn MoreVA Loans
VA loans are a benefit earned by veterans, active-duty service members, and eligible surviving spouses. Backed by the De...
Learn MoreConventional Loans
Conventional loans are not backed by government agencies and typically offer the most flexibility for qualified borrower...
Learn MoreITIN Loans
Purchase a home using your Individual Taxpayer Identification Number (ITIN) without a Social Security Number. NMHL is co...
Learn MoreJumbo Loans
Jumbo loans exceed conforming loan limits and are designed for luxury properties and homes in high-cost areas. With comp...
Learn MoreDSCR Investment Loans
Debt Service Coverage Ratio (DSCR) loans qualify based on rental income rather than personal income. Perfect for real es...
Learn MoreBank Statement Loans
Bank statement loans are designed for self-employed borrowers and business owners who have difficulty documenting income...
Learn MoreReverse Mortgages
For homeowners 62 and older, reverse mortgages allow you to access your home equity without monthly payments. Stay in yo...
Learn MoreUSDA Mortgages
USDA Rural Development loans help moderate-income buyers purchase homes in eligible rural and suburban areas. With no do...
Learn MoreHeloc
Learn MoreWhat Our Clients Say
Real reviews from Google — no cherry-picking
Our Presence
Click on endorsed states to see our direct resources!
Understanding Frankfort's Local Housing Market
Frankfort's housing market is characterized by a mix of historic homes and modern residences, with a median home price of around $170,000. The local market is influenced by factors such as the city's strong job market, excellent schools, and desirable amenities. NMHL's local expertise can help you navigate this market and find the best mortgage options for your needs.
The city's neighborhoods, such as the historic downtown area and Glenwood Park, offer a range of housing styles and price points. NMHL can provide guidance on the local market trends and help you identify the best areas to buy a home.
Contact NMHL today to schedule a consultation and take the first step toward homeownership in Frankfort.
Mortgage Options for Underserved Borrowers in Frankfort
NMHL is committed to serving underserved borrowers in Frankfort, including those with bad credit, self-employed individuals, and first-time homebuyers. We offer a range of mortgage programs, including FHA, VA, and USDA loans, as well as specialized programs like the NMHL Credit Rebuilder Program.
- FHA loans with as little as 3.5% down
- VA loans for eligible veterans
- USDA loans for rural areas
- NMHL Credit Rebuilder Program for borrowers with bad credit
Don't let credit challenges or other obstacles hold you back from achieving homeownership. Contact NMHL today to explore your mortgage options.
Down Payment Assistance Programs in Frankfort, KY
Kentucky offers several down payment assistance programs to help eligible borrowers cover down payment and closing costs. NMHL can help you navigate these programs and identify the best options for your needs.
The Kentucky Housing Corporation (KHC) Down Payment Assistance Program provides up to 4% of the home's purchase price in down payment assistance, and the NMHL Down Payment Advantage program offers similar benefits. These programs can be used in conjunction with NMHL's mortgage products, making it easier to achieve homeownership.
Ask about NMHL's down payment assistance programs when you schedule your consultation.
The Benefits of NMHL Pre-Approval
Getting pre-approved for a mortgage is an essential step in the homebuying process. NMHL's pre-approval process is fast and easy, and can give you a competitive edge in the Frankfort market.
With NMHL pre-approval, you'll have a clear understanding of your budget and can shop with confidence. Our pre-approval process is also highly flexible, accommodating borrowers with unique financial situations or credit challenges.
Get pre-approved with NMHL today and take the first step toward homeownership in Frankfort.
Frequently Asked Questions
Frankfort's popular neighborhoods include the historic downtown area, Glenwood Park, and the growing South Frankfort area. Each neighborhood has its unique character and advantages, and NMHL can help you navigate the local market to find the best fit for your needs and budget.
Frankfort's property tax rate is approximately 0.83%, which is relatively low compared to other areas in Kentucky. The Franklin County Property Valuation Administrator (PVA) assesses property values, and taxes are collected by the Franklin County Sheriff's Office. NMHL can help you understand how property taxes impact your mortgage payments and overall cost of homeownership.
As a local lender, NMHL has intimate knowledge of the Frankfort market and can provide personalized service tailored to your needs. We offer a range of mortgage programs, including FHA, VA, and USDA loans, and can help you navigate the pre-approval process with ease.
Yes, Kentucky offers several down payment assistance programs, including the Kentucky Housing Corporation (KHC) Down Payment Assistance Program and the NMHL Down Payment Advantage program. These programs can help eligible borrowers cover down payment and closing costs, making it easier to achieve homeownership.
Frankfort is served by the Frankfort Independent School District, which is highly rated and can positively impact home values. NMHL can help you understand how school districts affect local real estate and provide guidance on how to factor this into your homebuying decision.
NMHL offers a range of mortgage options for first-time homebuyers, including FHA loans with as little as 3.5% down and VA loans for eligible veterans. We also offer specialized programs, such as the NMHL First-Time Homebuyer Program, which provides education and support to help you navigate the homebuying process.
Related Resources
Ready to Buy in Frankfort?
Let NMHL help you navigate the Frankfort housing market with expert guidance and competitive rates.