Mortgage Broker in Florence, KY
Growing fast, priced smart, and we've got the wholesale rate sheet to match.
Florence has one of the most active buyer pools in NKY. New construction in Burlington, Union, and Richwood keeps inventory flowing, and resale neighborhoods near Boone County parks move quickly. Boone County also has some of the largest USDA-eligible areas we work with.
The market, by the numbers
Straight from the U.S. Census Bureau American Community Survey. Numbers shape which loan programs actually make sense here.
- Median home value$181,500
- Median household income$67,352
- Homeownership rate57%
- Median year built1986
Population: 32,056 · Source: ACS 5-year 2022.
A payment example for Florence
The median owner-occupied home value in ACS 5-year 2022 was $181,500. This historical census estimate isn't today's asking price. At an illustrative 6.75% rate over 30 years, here's how down payment changes principal and interest.
- 3.5% down
- $6,353
- Loan amount
- $175,148
- P&I
- $1,136
Excludes property taxes, homeowners insurance, HOA dues, and closing costs. FHA upfront and annual mortgage insurance premiums aren't included.
- 10% down
- $18,150
- Loan amount
- $163,350
- P&I
- $1,059
Excludes property taxes, homeowners insurance, HOA dues, and closing costs. Any mortgage insurance and financed fees aren't included.
- 20% down
- $36,300
- Loan amount
- $145,200
- P&I
- $942
Excludes property taxes, homeowners insurance, HOA dues, and closing costs. Any mortgage insurance and financed fees aren't included.
Scenarios are illustrative only. Actual pricing depends on credit, loan type, property details, and current market rates. Not a commitment to lend.
What Florence buyers get with Hometown
USDA-eligible addresses available
Parts of Florence and neighboring Boone County qualify for zero-down USDA loans. We check the map in real time before you make an offer.
New-construction experience
For a newly built home, compare the builder's preferred-lender offer with other available financing. Include incentives, fees, rate-lock terms, and the expected completion date.
Local turn-times
Lee can discuss the contract's financing deadlines with you and your agent, then help coordinate the documents and lender questions.
Where Florence lives, day to day
A snapshot of the anchors we see on every appraisal report and every buyer's shortlist.
Schools
Schools drive a huge share of what buyers are willing to pay for a home. Here are the closest anchors.
- Boone County High School7056 Burlington Pike, Florence, KY
- Florence Elementary School103 Center St, Florence, KY
- Yealey Elementary School10 Yealey Dr, Florence, KY
- Ockerman Elementary School8250 US-42, Florence, KY
Parks & green space
Walkability and outdoor access matter for resale and for quality of life.
- Stringtown Park4.5(786)7340 Burlington Pike, Florence, KY
- Lincoln Woods Park4.5(263)1 City Park Dr, Florence, KY
- Covered Bridge Park3.9(119)W Covered Bridge Dr &, Goodridge Dr, Florence, KY
- Fox Run Park4.0(34)1510 Woodside Dr, Florence, KY
Grocery & essentials
A short drive to a full-service grocery is a lived-in quality-of-life signal.
- Walmart Supercenter3.6(9261)7625 Doering Dr, Florence, KY
- Meijer4.2(4229)4990 Houston Rd, Florence, KY
- Kroger Marketplace4.0(887)7685 Mall Rd, Florence, KY
- ALDI4.6(1030)5475 Houston Rd, Florence, KY
Civic & community
Libraries, city halls, and post offices, the everyday anchors of a neighborhood.
- United States Postal Service2.3(188)7101 Turfway Rd, Florence, KY
- Boone County Public Library - Florence Branch4.5(104)7425 US-42, Florence, KY
Dining & coffee
Restaurants, cafés, and the places you'll actually visit on weekends.
- Golden Corral Buffet & Grill4.1(4053)4770 Houston Rd, Florence, KY
- Ford's Garage Florence4.7(2736)4911 Houston Rd, Florence, KY
- Raising Cane's Chicken Fingers4.4(2977)8020 Burlington Pike, Florence, KY
- Texas Roadhouse4.3(3180)4953 Houston Rd, Florence, KY
Healthcare
Proximity to hospitals and clinics is a must-have for many buyers.
- St. Elizabeth Healthcare Florence Hospital2.6(402)4900 Houston Rd, Florence, KY
- Florence VA Clinic4.0(19)7310 Turfway Rd, Florence, KY
- Gateway Rehabilitation Hospital3.9(111)5940 Merchants St, Florence, KY
- Women's Health - Florence Turfway - St. Elizabeth Physicians3.4(30)7370 Turfway Rd, Florence, KY
Data from Google Places. Highlights, not a comprehensive directory.
Housing in Florence
The median home in Florence was built around 1986 (roughly 40 years old). For an older home, review its condition and any repairs with your inspector and lender. Appraisal and property requirements depend on the loan program. About 57% of occupied homes are owner-occupied; the remaining 43% are rentals. These figures describe the local housing mix; they don't predict the value or financing eligibility of a specific home.
Explore homes around Florence, KY
Considering a home in one of these areas? Share the address and property type with Lee to discuss the financing review it needs.
- Downtown Florence
- Turfway
- Industrial Rd corridor
- World of Golf area
- Mount Zion Rd
Compare mortgage programs
Explore the programs below. Availability and qualification depend on your finances, the property, and the selected lender.
Local reviews
What clients in Florence usually ask
- Eligibility depends on the specific address and household income, not just the city or county. Send Lee the property address so you can check the current USDA map and program requirements.
Other places we serve
We close loans across the region, here are the nearest service areas to Florence.
Talk to a Florence mortgage broker
Local office, wholesale rates, honest math. Lee will follow up using your preferred contact method.