BEST OF

6 Best Kentucky Housing Corporation Lenders of 2021

The Kentucky Housing Corporation offers down payment assistance and mortgage tax credit programs. See our top picks for KHC-approved lenders.

NerdWallet
Jan 26, 2021

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KHC mortgage programs provide down payment assistance and tax credits to both first-time and repeat home buyers. Want to know if you’re eligible? Talking with a KHC-approved lender is the first step.

To get you started, NerdWallet gathered a list of top mortgage lenders that participate in KHC programs. We’ve also included a few local, KHC-approved lenders that aren’t rated but provide a high volume of mortgages in Kentucky. Participation varies by county, so be sure to verify that a particular lender is active in your area.

» MORE: Explore KHC loan programs and eligibility requirements

Best Kentucky Housing Corporation Lenders

BB&T (Truist)
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BB&T (Truist): NMLS#399803

4.5

NerdWallet rating 
BB&T (Truist)

Min. credit score

620

Min. down payment

3%
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Why we like it

Good for: borrowers in the Southeast who want the option of face-to-face service. BB&T is now part of Truist Financial Corp., which offers a full menu of home loans.

Pros

  • Offers a variety of home loans, including construction-to-permanent loans, physicians loans and jumbo loans.

  • Has a robust online mortgage application.

Cons

  • Branches limited to mostly the Southeast region.

  • Custom rates are only available if you speak with a representative.

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Guaranteed Rate
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at Guaranteed Rate

Guaranteed Rate: NMLS#2611

4.5

NerdWallet rating 
Guaranteed Rate

Min. credit score

620

Min. down payment

3%
Learn more

at Guaranteed Rate

Why we like it

Good for: borrowers seeking conventional or government-backed loans, and a totally online experience.

Pros

  • Offers the ability to securely upload and digitally sign loan documents.

  • Displays detailed sample rates for many of its loan products.

Cons

  • Doesn't offer home equity loans or lines of credit.

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Caliber
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Caliber: NMLS#15622

3.0

NerdWallet rating 
Caliber

Min. credit score

580

Min. down payment

0%
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Why we like it

Good for: first-time home buyers, veterans and those who may have credit challenges to overcome.

Pros

  • Offers extensive educational resources for military borrowers.

  • Provides digital tools for a streamlined application process.

  • Participates in some state down payment assistance and first-time home buyer programs.

Cons

  • No mortgage rates displayed online.

  • Doesn’t offer home equity loans or lines of credit.

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Fairway Independent Mortgage
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at Fairway Independent Mortgage

Fairway Independent Mortgage: NMLS#2289

3.5

NerdWallet rating 
Fairway Independent Mortgage

Min. credit score

620

Min. down payment

3%
Learn more

at Fairway Independent Mortgage

Why we like it

Good for: borrowers who want access to a wide variety of mortgages and the convenience of a comprehensive mobile application process.

Pros

  • Offers a robust suite of loan products, including a variety of renovation loans.

  • Has a digital application that can be completed in 10 minutes.

  • Works with some state housing finance agencies to offer mortgages with down payment and closing cost assistance.

Cons

  • Mortgage rates aren't posted online.

  • Origination fees are on the high side and are not offset by low rates, according to the latest data.

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loanDepot
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loanDepot: NMLS#174457

3.5

NerdWallet rating 
loanDepot

Min. credit score

620

Min. down payment

5%
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Why we like it

Good for: borrowers looking to refinance or who want to start the application process online.

Pros

  • Offers digital income, asset and employment verification.

  • Offers multiple renovation loan options.

  • Has affiliated loan stores for customers who prefer face-to-face service.

Cons

  • Mortgage rates aren't available online; you'll need to contact a loan officer.

  • Does not offer home equity loans or lines of credit.

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PrimeLending
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PrimeLending: NMLS#13649

3.5

NerdWallet rating 
PrimeLending

Min. credit score

620

Min. down payment

3%
Read review

Why we like it

Good for: borrowers looking for closing cost assistance, as well as those seeking to renovate or to build a new home.

Pros

  • Full online application includes document uploads and automated loan updates.

  • Offers a "float-down" interest rate lock.

  • Offers a proprietary closing-cost assistance program.

Cons

  • No online mortgage rates — you have to contact the lender for info.

  • Doesn't offer home equity products.

Read Full Review

More KHC-approved lenders

These lenders also participate in KHC programs and are among the highest-volume mortgage providers in Kentucky; however, they haven’t been reviewed by NerdWallet.

Century Mortgage

  • Allows you to submit a preapproval request online.

  • Doesn’t list rates or loan types on its website.

  • Has several locations in Kentucky.

Commonwealth Bank and Trust

  • You must speak with a loan officer to apply.

  • Doesn’t publish loan options or mortgage rates on its website.

  • Has over a dozen locations in the Louisville area.

Fifth Third Bank

  • Provides online appointment scheduling with loan officers.

  • Doesn’t appear to have a digital application.

  • Has nearly 20 branch locations in and around Lexington.

Stockton Mortgage

  • Lets you start the preapproval process online.

  • Offers a wide variety of mortgage products.

  • Has over a dozen branch locations in Kentucky.

More from NerdWallet

See more top mortgage lenders

Calculate your KY mortgage payment

Browse Kentucky mortgage rates

Last updated on January 26, 2021

Methodology

NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.

To recap our selections...

NerdWallet's Best Kentucky Housing Corporation Lenders of 2021