Best Mortgage Lenders in Kentucky in 2019

ValuePenguin is a consumer finance website dedicated to providing consumers with clear, objective advice for the financial decisions they make every day. We've spent hundreds of hours comparing mortgage lenders across Kentucky, from Mayfield to Lexington, to find the best lenders for you.

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Recommended ForClick for ReviewMin. Credit ScoreHighlights
First-Time HomebuyersUS Bank620
  • Largest branch network in Kentucky
  • Second-most popular mortgage lender in the state
RefinancingPNC Bank620
  • Most popular mortgage lender in Kentucky
  • Home Insight Tracker lets you follow your application online
Online LoansQuicken Loans620
  • Received J.D. Power's top rating in customer satisfaction nine years in a row
  • Get pre-approved online within minutes
VA LoansVeterans United Home Loans620
  • Fastest-growing VA lender among Kentucky's top mortgage companies
  • Most popular VA lender in Kentucky
Poor CreditCentury Mortgage Company580
  • Kentucky Housing Corp.-approved lender
  • Most popular FHA lender in Kentucky
Recommended ForClick for ReviewMin. Credit Score
First-Time HomebuyersUS Bank620
RefinancingPNC Bank620
Online LoansQuicken Loans620
VA LoansVeterans United Home Loans620
Poor CreditCentury Mortgage Co.580

Finding the best mortgage lender in Kentucky means getting the right mix of low rates, fast processing and experienced customer service. Read about some of our top picks in the Bluegrass State in the reviews below.

Best Mortgage Lender for First-Time Homebuyers: US Bank

US Bank took the top spot among our best lenders for first-time homebuyers. It ranked as the second-most popular mortgage lender in Kentucky and has the largest branch network in the state. This makes it easy to access whether you live in Lexington or Bowling Green.

US Bank
US Bank

Consider this if You're looking for a face-to-face borrowing experience with a lot of options

Good For …Bad For …
  • Borrowers who prefer face-to-face service
  • Existing US Bank customers
  • Average rate quotes
  • Lack of useful shopping tools on its website

Read the Full Review

First-time homebuyers will feel right at home with US Bank, as the lender has the largest bank network in Kentucky, with 126 branches located throughout the state. US Bank is easily one of the biggest lenders in the state, having sold over 21,000 mortgage loans over the past five years. As a leading bank lender in Kentucky, US Bank is well-versed in meeting the needs of local residents, offering first-time homebuyer assistance programs as a Kentucky Housing Corp.-approved lender. Eligible homebuyers can borrow as much as $6,000 in down payment loans at a below-market rate. This makes it an excellent choice if this is your first time buying a home and you need an extra hand with the closing costs.

When compared to other lenders, US Bank offers a diverse selection of fixed-rate and adjustable-rate mortgage products, as well as government-backed loans sponsored by the FHA and VA. It's definitely worth checking with US Bank if you already have a personal checking package with them, as existing customers can qualify for up to 0.25% off their closing costs. If US Bank isn't the right bank for you, try taking a look at some of our other recommendations for first-time homebuyers.

Best Mortgage Lender for Refinancing: PNC Bank

PNC was our No. 1 pick for borrowers seeking to refinance their home loans, thanks to its competitive rates and extensive selection of mortgage products. It also happens to be the most popular mortgage lender in Kentucky.

PNC Bank
PNC Bank

Consider this if You're thinking about refinancing your home and want the widest selection of terms.

Good For …Bad For …
  • Homeowners who want to cash out on their equity
  • Borrowers who want to compare a variety of options
  • Not many options to save on your closing costs
  • No USDA loan options

Read the Full Review

If you're thinking about refinancing your home loan, it can be difficult to find a lender who offers the right terms. Depending on the length of your loan, your monthly payments can vary drastically. However, PNC offers one of the widest selections of fixed-rate and adjustable-rate mortgage products on the market at some of the lowest rates around. In addition to the standard 30-year and 15-year mortgage products, PNC offers less common 20-year and 10-year mortgage terms, which can be a major help if you're looking to optimize your monthly payment.

When comparing rates, we found that PNC offered some of the lowest mortgage rates around for the area. On average, its APR quotes came in around 0.1% to 0.25% lower than comparable lenders, although your personal results may vary based on your credit score. PNC's website also contains a useful collection of tools that can help you learn, shop and compare mortgage products to help pick the right loan for you.

Best Online Mortgage Lender: Quicken Loans

We chose Quicken Loans as the No. 1 online mortgage lender, due to its award-winning reputation for customer satisfaction and its flexibility when it comes to structuring terms. At Quicken Loans, you can get pre-qualified for a mortgage within minutes, all from the comforts of your own home.

Quicken Loans
Quicken Loans

Consider this if You're looking for a fast convenient mortgage process.

Good For …Bad For …
  • Fast-convenient online mortgage experience
  • Aggressive quotes when it comes to mortgage refinances
  • No face-to-face experience
  • Doesn’t offer home equity loans or HELOCs

Read the Full Review

If you're looking for a mortgage with an online lender, you might be worried about whether getting a digital mortgage from a loan officer who’s hundreds of miles away, is a good idea. However, borrowers new to online mortgage shopping can relax, as Quicken Loans snagged J.D. Power's top rating in customer satisfaction for the past nine years in a row. This far exceeds the ratings of any other national lender, and is a feat that no other bank can claim.

As an online lender, Quicken Loans was one of the pioneers in the digital lending space. Quicken can close your mortgage loan up to a week earlier than most traditional brick-and-mortar lenders. The turnaround is even faster for mortgage applications, with a pre-approval decision possible within minutes.

Best Mortgage Lender for VA Loans: Veterans United Home Loans

Veterans United Home Loans was our No. 1 lender for veterans and active-duty military personnel in Kentucky, thanks to its competitive VA rates and exceptional customer satisfaction ratings from J.D. Power.

Veterans United
Veterans United

Consider this if If you're looking for a VA lender who prioritizes customer service

Good For …Bad For …
  • Veterans seeking to minimize their out-of-pocket expenses
  • Borrowers looking for a lender who scores highly in customer satisfaction.
  • Borrowers unaffiliated with the military
  • Interest rates aren't particularly competitive among nonbank VA lenders

Read the Full Review

Veterans United Home Loans stakes its business model on the VA loan program, which requires no down payment and no PMI for qualifying borrowers in the military. The lender even allows you to roll your VA funding fee into your mortgage loan, negating the need for almost any cash due at closing, an option seldom offered by its competitors. With its strong military focus, Veterans United also took home top marks in a 2017 customer satisfaction study from J.D. Power.

Veterans United originated over 2,400 VA loans across Kentucky over the past five years, making it the most popular veteran-focused lender in the state. It's also the fastest-growing company among the state's top VA lenders, having increased its loan volume by an astonishing 28% from 2013 to 2018. If you're thinking about taking advantage of your VA benefits, there's no reason not to get a quick rate quote from Veterans United.

Best Mortgage Lender for Poor Credit: Century Mortgage

We picked Century Mortgage as the best lender for struggling homebuyers because of its numerous loan assistance programs. It's one of the top FHA lenders in the state and also participates in the Kentucky Housing Corp.'s homebuyer assistance program.

Century Mortgage Company
Century Mortgage Company

Consider this if You're having trouble getting approved elsewhere for a conventional mortgage loan.

Good For …Bad For …
  • Specialty-financing programs like USDA, VA and FHA loans
  • Low-down payment programs like Home Ready/Home Possible
  • Lack of useful information on its website
  • Home equity loans and second mortgages

Century Mortgage is worth checking out if you're having trouble getting approved elsewhere, as it's the second-leading lender of FHA mortgages in Kentucky, having sold over 4,300 of them over the past five years. FHA loans are backed by the Federal Housing Administration to help low-to-moderate income homebuyers achieve the dream of homeownership. Borrowers can qualify for down payments of as low as 3.5% and credit scores of 580 and above.

Century's real selling point is the variety of government-backed mortgage options it offers for both first-time and low-income borrowers, which can get eligible borrowers closer to meeting minimum down payment requirements or waive them altogether. As a Kentucky Housing Corp.-approved lender, borrowers can apply for the KHC's Preferred and Preferred Risk programs through Century Mortgage, which only requires 3% down and no PMI.

Rural homebuyers can also obtain access to RHS loans, backed by the Kentucky Rural Housing Services, and offer similar benefits to USDA home loans, without the same federal lending requirements. If you’re unsure whether Century Mortgage is the right lender for you, take a look at some of our other recommendations for the best FHA lenders in America.

Most Popular Home Loan Companies in Kentucky

If you're shopping for a home loan, it's worth reviewing quotes from some of the top lenders to see where average mortgage rates stand. Included below are the five most popular mortgage lenders in Kentucky according to the total number of residential mortgage loans sold over the past five years.

Top 5 Biggest Kentucky Residential Mortgage Lenders, 2013–2019

RankCompanyMortgage originationsAverage mortgage amount
1PNC Bank21,361$110,929
2US Bank21,218$117,391
3Republic Bank16,241$166,511
4Quicken Loans15,950$145,015
5Century Mortgage Co.14,405$161,162

When comparing lenders, remember to factor in things like branch accessibility and the rate of complaints logged at publicly available sources like the Consumer Financial Protection Bureau. Whether a company operates out of a local branch, or exclusively online, can have a major impact on your borrowing experience.

How We Chose the Best Mortgage Lenders in Kentucky

While mortgage rates and fees played large roles in our decision, we also looked at each lender's overall borrowing experience. We took the following criteria into account:

  • Total cost: interest rates and closing costs
  • Product: terms, programs and specialty
  • Servicing: transparency, complaint data and branch network

We highlighted any featured terms that weren't common in the industry. For example, a limited selection of lenders might specialize in niche programs like USDA or VA mortgage loans. We emphasized these where appropriate.

We also looked at complaints submitted at the Consumer Financial Protection Bureau to measure the likelihood of problems arising during the mortgage process. We also checked out each company's branch network and overall user experience. Not all lenders provided publicly available rate quotes on their site, so this is especially important during the initial shopping process.

Mortgage Brokers Near Me in Kentucky

If you're having trouble qualifying for a home loan on your own, or if you'd prefer to avoid the hassle of loan shopping altogether, a mortgage broker may be a good choice for you. Mortgage brokers compare loan offers from multiple lenders on your behalf and work to find a lender who's willing to work with you under the best terms possible in exchange for a nominal fee. Take a look at the table below to find a licensed mortgage broker near you.

NameAddressPhone Number
Benchmark Mortgage1202 S 3rd St, Louisville, KY 40203(502) 371-5005
Elite Mortgage3032 Alvey Park Dr W #400, Owensboro, KY 42303(270) 240-1724
D. A. Griffin Financial, LLC880 Alexandria Pike #203, Fort Thomas, KY 41075(859) 442-9700
HomePlace Mortgage Inc4239 Fort Campbell Blvd, Hopkinsville, KY 42240(270) 885-2525
Key Mortgage Co Inc1200 Russell Rd, Columbia, KY 42728(270) 384-1735
United Residential Mortgage122 N Main Suite 201, Elizabethtown, KY 42701(270) 228-0074
Alliance Home Mortgage583 W Laurel Rd # 4, London, KY 40741(606) 878-6000
Pro Mortgages151 Prosperous Pl, Ste 2B, Lexington, Ky 40509, Lexington, KY 40509(859) 296-4495
E-Z Mortgage Loans, Inc2021 13th St, Ashland, KY 41101(606) 325-4500
Key Mortgage Co Inc.1200 Russell Rd, Columbia, KY 42728(270) 384-1735
Madison Miller

Madison is a former Research Analyst at ValuePenguin and focuses on student loans and personal loans. She graduated from the University of Rochester with a B.A. in Financial Economics with a double minor in Business and Psychology.

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Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

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