As the home of the Kentucky Derby and Kentucky Fried Chicken, it’s no surprise that Louisville is a lively place to live with a housing market that is on the rise. It is the 29th most highly populated city in the United States and the largest city in the state of Kentucky. The combination of its active cultural scene, as well as its historical value, makes Louisville a great place to live.
Louisville has progressively attracted more people over the years, and the value of homes has steadily risen in the past few decades. If you’re considering the possibility of purchasing a home in Louisville, it is wise to have a practiced mortgage broker by your side while you go through the process. A great mortgage broker can help you to get the best loan, as you put your finances in order, and purchase the home of your dreams in lively Louisville, KY.
Home Value Overview for Louisville
The value of homes in Louisville has been on the rise in recent years, and data indicates that this trend should continue in the coming year. The current median home value is $161,900, and recent reports show that home values have risen by 4.9% this past year. They are projected to go up by 2.9% in the following year.
Since 2013, Louisville homes have steadily increased in value. This trend is an excellent sign for new homeowners who wish to see the value of their investment increase over time. A professional mortgage dealer can use their expertise to help you acquire a stunning Louisville home. You will reap the benefits of the area’s steadily increasing home values for years to come.
Tips for Choosing a Mortgage Company in Louisville
Different mortgage companies offer similar services but choosing a great one can have a huge impact on your home buying experience. Here’s what to look for when you want to bring in the help of a first-rate mortgage lender:
- Choose a lender who takes a personal interest in getting the best loan for you, because they are more likely to give you the time and attention you need as a client.
- Find a lender who can get you pre-approved quickly for a loan to increase your chances of successfully buying a home.
- Ideally, you should hire a mortgage lender who advertises locally for the area in which you want to buy a home. Service providers who aren’t marketed specifically for a given city have less knowledge about the local market and can face opposition from local listing agents.
Louisville’s real estate market has shown steady growth over the past few years and shows no signs of stopping. Naturally, this means that home buyers must sift through a lot of mortgage companies to find one which is the perfect fit for them. Before settling on one service, be sure to compare the rates of a few reputable ones and ask them about what they can do to get you a great mortgage loan for your next home purchase.