Mortgage Lender Lexington Kentucky

Mortgage Lender Lexington Kentucky

When it comes to securing a mortgage in Lexington, Kentucky, Prost Mortgage Group is your trusted partner. With a commitment to customer service and a deep understanding of the local market, we are dedicated to helping you navigate the complexities of home financing. Whether you’re a first-time homebuyer or looking to refinance, our knowledgeable team is here to provide the support you need.

Why Choose Prost Mortgage Group?

Expertise and Local Knowledge

At Prost Mortgage Group, our team of mortgage professionals possesses extensive knowledge of the Lexington area and its unique housing market. We understand the challenges that buyers face and are well-equipped to help you find the right mortgage solution tailored to your needs.

Comprehensive Mortgage Solutions

We offer a variety of mortgage products to suit different financial situations:

Standard Home Loans: Our standard home loans provide competitive rates and flexible terms, making it easier for you to purchase your dream home.
Refinancing Options: If you’re looking to lower your monthly payments or tap into your home’s equity, our refinancing options can help you achieve your financial goals.
Reverse Mortgages: For homeowners aged 62 and older, reverse mortgages can provide financial freedom by converting home equity into cash.

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Here are some of our Satisfied Lexington Clients

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About Prost – Mortgage Lender Lexington Kentucky

Introducing Danielle and Ken, a dynamic couple with a shared journey since 2003, currently residing in Melbourne, Kentucky. Their household is enriched by their two wonderful boys. However, beyond their familial bliss, Danielle and Ken are devoted to facilitating the realization of the American dream of home ownership for others.

Since 2005, Danielle has been an invaluable member of our management team, contributing a wealth of expertise. A distinguished alumna of Miami University with a Bachelor’s Degree in Diplomacy and Foreign Affairs, Danielle employs her professionalism to assist borrowers and collaborate with realtors, providing guidance on optimal practices for those seeking home funding. Hailing from Butler County, Ohio, Danielle’s early career involved social work with individuals with disabilities.

In the role of Principal Mortgage Advocate, Ken Prost is the driving force behind our mortgage services. A native of Campbell County, Kentucky, Ken holds a Bachelor’s Degree in International Studies and a minor in Business from NKU, and an MBA from the Thunderbird School of Global Management. With over 25 years of experience in mortgage lending, Ken combines expertise with honesty and diligence, ensuring a seamless experience for prospective buyers and real estate agents involved in listing and selling properties.

Together, Ken and Danielle lead a cohesive team of processors and loan partners, all proud residents of the Greater Cincinnati area. Operating from the Cold Spring office, our team is further supported by the home office of Success Mortgage Partners in Plymouth, Michigan. Rest assured, our entire team is dedicated to turning your homeownership aspirations into a reality with utmost professionalism.

The Mortgage Process Made Simple

Step-by-Step Guidance

Navigating the mortgage process can seem overwhelming, but with Prost Mortgage Group, you’ll have a clear path to follow. Here’s how our process works:

Pre-Approval: The first step is to get pre-approved for a mortgage. This will give you a clear understanding of your budget and strengthen your position when making an offer on a home.
Application: Once you’ve found your ideal home, you’ll complete a mortgage application with our team. We’ll guide you in gathering necessary documentation, such as proof of income and credit history.
Processing and Underwriting: Our team will review your application, verify your information, and submit it to underwriting. The underwriter will assess the risks associated with lending to you and determine your eligibility.
Closing: After approval, we’ll schedule a closing date. You’ll sign the final paperwork and receive the keys to your new home.

Frequently Asked Questions

What credit score is required to qualify for a mortgage?

While requirements vary, a credit score of 620 or higher is typically recommended for conventional loans. If your score is lower, our team can help you explore alternative options.

How much do I need for a down payment?

Down payment requirements can vary based on the type of loan. Many conventional loans require a 20% down payment, but there are options available with as little as 3% down. Additionally, some programs offer down payment assistance.

What are closing costs?

Closing costs encompass various fees associated with finalizing your mortgage, typically ranging from 2% to 5% of the loan amount. These may include appraisal fees, title insurance, and loan origination fees. Our team will provide a detailed breakdown during the application process.

Client Testimonials

At Prost Mortgage Group, we take pride in our commitment to exceptional service. Here’s what some of our clients have to say:

Emily R.: “Working with Prost Mortgage Group was a fantastic experience! They guided me through the entire process and answered all my questions promptly.”
Michael T.: “I was nervous about refinancing, but the team made it easy. They explained everything clearly, and I ended up saving a significant amount on my monthly payments!”

Additional Resources for Homebuyers

Mortgage Planning Tools

To assist you in making informed decisions, Prost Mortgage Group offers various resources on our website:

Mortgage Calculator: Use our mortgage calculator to estimate your monthly payments based on different loan amounts and interest rates.
Credit Tips: Explore our tips on improving your credit score and what lenders look for in an application.
Blog: Stay informed with our blog, which covers the latest trends in the mortgage industry, tips for homebuyers, and market analysis.

Community Involvement

Prost Mortgage Group believes in giving back to the Lexington community. We are actively involved in local initiatives that promote homeownership and financial literacy. Our team participates in various community events, helping to educate potential buyers about the mortgage process and their options.

Contact Us Today

Are you ready to take the next step toward homeownership in Lexington, Kentucky? Prost Mortgage Group is here to help you every step of the way. Contact us today to schedule a consultation or start your mortgage application.

Phone: (859) 795-1316
Location: 4135 Alexandria Pike, Suite 105, Cold Spring, KY 41076
Hours: Monday to Friday, 9 AM – 5 PM (Appointments available on weekends)

Conclusion

Choosing Prost Mortgage Group as your mortgage lender in Lexington, Kentucky, means you’re partnering with a team that genuinely cares about your goals. Whether you’re buying a home for the first time, refinancing an existing mortgage, or looking into reverse mortgage options, we are committed to providing personalized service and expert guidance. Let us help you achieve your dream of homeownership—contact us today to learn more about our mortgage solutions!

Mortgage Lender Lexington Kentucky

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