Louisville

Home Mortgage

The Current Lender Offering The Lowest Interest Rates On Louisville Home Mortgages.

Searching for a Louisville home mortgage? Concerned about the lending climate in this period of real estate and subprime chaos? If so, we can help. While getting approved for a Louisville home mortgage is not as easy as it was two years ago, it is not as difficult as all the doom and gloom stories in the media portray it to be.

Best Lender For Louisville Home Mortgages

When looking for a Louisville home mortgage lender, it is important to find a lender that not only offers the lowest rates, but also has not significantly tightened lending standards to the degree that only a very small percentage of applicants will qualify. Holding first place on our list of Louisville home mortgage lenders right now is ING DIRECT Louisville Home Mortgage. They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.  They are still approving the majority of applications for Louisville home mortgages. Besides offering the lowest rates and highest ratio of approved loans, in most instances they will approve your online application in under 3 minutes. No other lender offering Louisville home mortgages will approve applications in such a rapid manner.

Louisville , KY Statistics & Related Info

Louisville Information

Louisville is Kentucky's largest city. It is ranked as either the 17th or 27th largest city in the United States depending on how the population is calculated. The settlement that became the City of Louisville was founded in 1778 by George Rogers Clark and is named after King Louis XVI of France. Louisville is famous as the home of "The Most Exciting Two Minutes in Sports": the Kentucky Derby, the widely watched first race of the Triple Crown of Thoroughbred Racing.

This popularity of Louisville was one of the contributing factors to driving up the price of Louisville real estate in the past decade. While prices have fallen some, homes in Louisville are still quite pricey. The Housing Bill passed by Congress and signed into law by the President in the summer of 2008 granted the authority to Fannie Mae and Freddie Mac to buy pricier mortgages, up to $625,000, which would make stable Louisville home mortgages readily available to buyers in a more expensive market like Louisville.

Louisville's early economy first developed through the shipping and cargo industries. Its strategic location at the Falls of the Ohio, as well as its unique position in the central United States (within one day's road travel to 60% of the cities in the continental U.S.) make it an ideal location for the transfer of cargo along its route to other destinations. The Louisville and Portland Canal and the Louisville and Nashville Railroad were important links in water and rail transportation. Louisville's importance to the shipping industry continues today with the presence of the Worldport global air hub for UPS at Louisville International Airport. Louisville's location at the crossroads of three major Interstate highways (I-64, I-65 and I-71) also contributes to its modern-day strategic importance to the shipping and cargo industry. As of 2003, Louisville ranks as the 7th largest inland port in the United States. Of course these factors along with many others contribute to the popularity of Louisville real estate, which in turn, creates a very large demand for Louisville home mortgages.

Recently, Louisville has emerged as a major center for the health care and medical sciences industries. Louisville has been central to advancements in heart and hand surgery as well as cancer treatment. Some of the earliest artificial heart transplants were conducted in Louisville. Louisville's thriving downtown medical research campus includes a new $88 million rehabilitation center, and a health sciences research and commercialization park that, in partnership with the University of Louisville, has lured nearly 70 top scientists and researchers. Louisville is also home to Humana, one of the nation's largest health insurance companies. This economic vibrancy translates into a high degree of availability of funds for Louisville home mortgages.