NMHL Mortgage Lending
Mortgage Lender in Frankfort, KY
Local expertise and competitive rates for Frankfort homebuyers.
Frankfort, Kentucky's charming state capital, offers an affordable housing market with a median home price of $195,000. The city's economy is driven by state government employment, with additional support from the bourbon industry and its strategic location between Louisville and Lexington. At National Mortgage Home Loans (NMHL), we understand the unique needs of Frankfort borrowers, including first-time homebuyers, self-employed individuals, and those with credit challenges. Our specialized mortgage programs are designed to help you achieve your homeownership goals.
With a deep understanding of the local market, NMHL is well-positioned to serve Frankfort borrowers. We offer a range of mortgage options, including down payment assistance programs and VA loans for veterans. Our experienced loan officers are familiar with Frankfort's neighborhoods, including South Frankfort, Bellepoint, and Downtown, and can guide you through the home buying process.
Whether you're a first-time buyer or looking to refinance, NMHL's Frankfort mortgage experts can help you navigate the complexities of the mortgage process. We invite you to explore our mortgage options and get pre-approved today.
Frankfort Housing Market Overview
Frankfort is Kentucky's small but charming state capital, nestled along the Kentucky River between Louisville and Lexington. The city offers affordable housing with stable government employment and is increasingly popular with bourbon trail visitors.
Frankfort Neighborhoods
Popular areas for homebuyers in Frankfort, KY
ZIP Codes We Serve in Frankfort
Mortgage lending available in these Frankfort ZIP codes
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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
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Understanding Frankfort's Housing Market
Frankfort's housing market is characterized by its affordability and stability, with a median home price of $195,000. The city's economy, driven by state government employment and the bourbon industry, contributes to its attractiveness to homebuyers. Neighborhoods like South Frankfort, Bellepoint, and Downtown offer a range of housing options, from historic homes to newer developments.
- South Frankfort: Known for its walkable historic district and proximity to the Kentucky River.
- Bellepoint: Offers established family homes and a suburban atmosphere.
- Downtown: Features character properties near the state capitol and other government buildings.
Frankfort's housing market is ideal for first-time homebuyers and those looking to relocate to a charming small town with a low cost of living.
Mortgage Options for Frankfort Borrowers
At NMHL, we offer a range of mortgage options tailored to the needs of Frankfort borrowers. Our programs include:
- VA Loans: For veterans and active-duty military personnel, offering favorable terms and lower interest rates.
- Down Payment Assistance Programs: To help with upfront costs, making homeownership more accessible.
- Bad Credit Mortgage Programs: For borrowers with credit challenges, providing an alternative to traditional mortgage lending.
Our experienced loan officers will work with you to determine the best mortgage solution for your situation and guide you through the application process.
NMHL's mortgage programs are designed to help Frankfort borrowers overcome common obstacles to homeownership, such as credit challenges or limited down payment funds.
First-Time Homebuyer Programs in Kentucky
Kentucky offers several programs to support first-time homebuyers, including the Kentucky Housing Corporation (KHC) Down Payment Assistance Program. This program provides financial assistance to help with down payment and closing costs, making it easier for first-time buyers to qualify for a mortgage.
NMHL is an approved lender for KHC programs, and our loan officers can help you navigate the application process. We also offer educational resources and counseling to support first-time homebuyers throughout their journey to homeownership.
First-time homebuyers in Frankfort can benefit from Kentucky's programs, and NMHL is here to guide you through the process.
Getting Pre-Approved for a Mortgage in Frankfort
Getting pre-approved for a mortgage is an essential step in the home buying process. At NMHL, our pre-approval process is quick and easy, typically taking just a few minutes online or over the phone with one of our experienced loan officers.
To get started, simply contact us or apply online. We'll review your credit report, income, and other financial information to provide a pre-approval decision. With NMHL, you can expect a hassle-free pre-approval process, allowing you to move forward with confidence in your home search.
Get pre-approved today and take the first step towards achieving your homeownership goals in Frankfort.
Frequently Asked Questions
Frankfort's average property tax rate is 0.82%. This rate is relatively low compared to other parts of the country, making it an attractive location for homeowners. However, it's essential to factor property taxes into your overall housing costs when considering a home purchase in Frankfort.
Frankfort is served by the Frankfort Independent Schools district, which is known for its strong academic programs. Home values in areas with highly rated schools tend to be more stable and appreciate over time. When searching for a home in Frankfort, consider the local school district and its impact on property values.
NMHL offers several down payment assistance programs, including the Kentucky Housing Corporation (KHC) Down Payment Assistance Program. This program provides up to 4% of the home's purchase price in down payment assistance, making it easier for first-time homebuyers to qualify for a mortgage. Our loan officers can help you explore available options and determine the best program for your needs.
While traditional mortgage lenders may have strict credit score requirements, NMHL offers mortgage options for borrowers with credit challenges. Our loan programs consider alternative credit scoring models and offer more lenient credit score thresholds. For example, our 'Second Chance' mortgage program allows borrowers with credit scores as low as 580 to qualify for a mortgage. Our experienced loan officers will work with you to determine the best mortgage solution for your situation.
At NMHL, we're committed to helping Frankfort borrowers achieve their homeownership goals. Our local loan officers have extensive knowledge of the Frankfort market and can guide you through the mortgage process. We offer a range of mortgage programs, including VA loans and down payment assistance programs, to help you qualify for a mortgage. By working with NMHL, you'll benefit from our personalized service, competitive rates, and streamlined application process.
The pre-approval process typically takes just a few minutes online or over the phone with one of our experienced loan officers. We'll review your credit report, income, and other financial information to provide a pre-approval decision. With NMHL, you can expect a quick and hassle-free pre-approval process, allowing you to move forward with confidence in your home search.
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