BUYERS HUB

The Home Buying Process

Buying a home doesn’t need to feel overwhelming. Our Buyer Services Hub walks you through each step — from getting pre-qualified, touring homes, and making offers, to inspections, appraisals, and closing day. We simplify the process and make sure you know what to expect before, during, and after your purchase.

Financing Options That Work for You

Every buyer’s situation is unique. That’s why we help you compare loan programs available in Kentucky — FHA loans with as little as 3.5% down, USDA loans with zero down in qualifying areas, VA benefits for veterans, and conventional loans with competitive rates. Our goal is to match you with the financing option that fits your budget and timeline.

Understand the True Costs of Buying

Beyond the down payment, buyers in Kentucky should be prepared for closing costs, inspections, appraisals, and prepaid items like taxes and insurance. We’ll help you understand what’s required, what’s optional, and what local programs can offset costs — so there are no surprises when you get the keys.

Local Knowledge, Trusted Guidance

Our agents live and work in the communities we serve. From London and Corbin to Mt Vernon and all across the entire state of Kentucky, we provide local insight that online search tools can’t match. When you work with Williams Elite Realty, you’re backed by a team that knows the neighborhoods, the market, and the people,

Why Buyers Choose Williams Elite Realty

We’re more than just REALTORS® and Real Estate Agents — we’re Keepers of the Pride. That means we protect your interests, celebrate your wins, and stand by you Beyond the Closing. Our mission is simple: to help Kentucky buyers find not just a property, but a place to thrive.

Credit Score and Loan Approval

Your credit score plays a big role in the type of loan you qualify for and the interest rate you receive. Even if your score isn’t perfect, we’ll connect you with trusted lenders who can review your situation, suggest improvements, and help you take the next step toward homeownership.

The Home Buying Process

Buying a home can feel complex, but it doesn’t have to. At Williams Elite Realty, we simplify every step so you can move forward with confidence. From your first conversation with us to the moment you receive your keys, our team of Kentucky experts makes sure you understand the process and know exactly what comes next.

 

•Get Pre-Qualified – The first step is understanding what you can afford. Getting pre-qualified gives you a budget, strengthens your offer, and shows sellers you’re serious.


•Choose Your Agent – Our agents live and work in London, Corbin, Mt Vernon, and serve the entire state of Kentucky. We match you with the right local professional who knows the neighborhoods, schools, and market conditions best.


•Tour Homes & Make an Offer – Once you’ve found a home you love, we’ll guide you through pricing strategy, writing a competitive offer, and negotiating terms that protect your interests.


•Inspections & Appraisal – A professional inspection ensures the home is safe and sound, while an appraisal confirms the property’s value for your lender. We coordinate both and help you understand the results.


•Loan Underwriting – Behind the scenes, your lender finalizes the paperwork, title work, and insurance review. Our team stays in close contact so you know what’s happening at each stage.


•Closing Day – The final step is signing the documents, paying your closing costs, and officially becoming a homeowner. We’ll be right there with you to celebrate and hand you the keys.

 

 

 

Understanding the Costs of Buying

When you buy a home in Kentucky, the price tag isn’t the only expense. From inspections to closing costs, there are several key expenses buyers should plan for. At Williams Elite Realty, we make sure you understand the full picture so there are no surprises on closing day.

 

•Earnest Money Deposit – Typically 1–2% of the purchase price, this shows sellers you’re serious and is credited back to you at closing. The amount can also vary depending on the market area and the typical practice in that region.

 

•Down Payment – Depending on your loan type, this could range from 0% (USDA, VA) to 3.5% (FHA) or more for conventional financing.

 

•Closing Costs – Usually 2–5% of the purchase price. These cover lender fees, title work, appraisal, taxes, and other administrative items.

 

•Home Inspections – Optional but highly recommended. Expect $300–$600 for a general home inspection, with additional costs for specialized inspections (pest, septic, radon, etc.).

 

•Appraisal Fee – Required by your lender to confirm the property’s value. Typically $450–$700 in Kentucky. Some lenders require this fee to be paid upfront, while others may allow it to be included in closing costs.

 

•Prepaid Taxes & Insurance – Lenders often require you to fund an escrow account at closing with homeowners insurance and property taxes. Typically is part of the closing costs.

 

•Buyer’s Agent Commission – Traditionally paid by the seller, but after recent changes in industry practices, buyers in Kentucky may be responsible for covering part or all of their agent’s commission. We’ll review options upfront so you understand how this cost applies in your purchase.

 

 

Financing Options That Work for You & Minimum Credit Score Requirements

Every buyer’s financial situation is unique, and the right loan can make all the difference. At Williams Elite Realty, we help you compare financing options available in Kentucky so you can choose the one that best fits your budget, lifestyle, and long-term goals.
See our Financing Options Page for more Details and find the right Mortgage for you.

•FHA Loans and Minimum Credit Score
Ideal for first-time buyers, FHA loans allow down payments as low as 3.5% with qualifying credit scores, making homeownership more accessible. FHA Mortgages allow scores as low as 580 with a 3.5% down payment. Some lenders may even consider lower scores with larger down payments.

•USDA Loans and Minimum Credit Score

Often miss-labled as "First Time Home Buyers Loan" While meany First time bueyrs take advantage of the USDA Program, You dont have to be a First time home buyer to use a USDA Mortgage to purchase your home. It's Perfect for buyers in eligible rural areas across Kentucky, USDA loans offer 0% down payment and affordable monthly payments. USDA loans usually require a 620+ score, though lenders may set their own minimums. 


•VA Loans and Minimum Credit Score

Available to veterans, active-duty service members, and eligible military families. VA loans offer no down payment and flexible credit requirements. There is no official minimum score set by the VA; most lenders,  however look for around 620, but exceptions are possible.


•Conventional Loans and Minimum Credit Score

Best for buyers with strong credit profiles. Conventional financing provides competitive rates and flexible terms for those who qualify. Typically Conventional Mortgages require a credit score of 620 or higher for approval, with the best rates going to buyers above 740.


•Down Payment Assistance (DPA) Loan and Minimum Credit Score

Down Payment Assistance (DPA) Loans - Many first-time buyers in Kentucky may qualify for state or local assistance programs that help cover part of the down payment or closing costs, making it easier to get into a home with less upfront cash. The minimum credit score requirements can vairy depeding on the program or lending instution. Commonly, expect around a 620+ score to qualify.


•Rehab and Renovation Loans and Minimum Credit Score

Rehab and Renovation Loans - FHA 203(k) and similar renovation loan programs allow you to finance the purchase price plus repair or upgrade costs into one mortgage. A great option for buyers considering fixer-uppers or properties needing improvements. The minimum credit score requiremnts can vairy greatly depending on the type of rehab loan. On the low end it can be as low as 550 and on the higher end a score of 660 can be the minimum. There are also "Hard Money Loans" that may not have a minimum credit score requirment. 


Visit our Financing Options page for more Details on these Mortgage Loan Programs and find the right Loan for you. You can also visit our Credit Score to Buy A Home page for more detailed information on Credit Scores and practices to improve your credit score. 



Start Your Home Buying Journey — Get Pre-Qualified Today!

Local Knowledge, Trusted Guidance
Buying a house in Kentucky is more than just a transaction — it’s about finding the right fit for your lifestyle and future. At Williams Elite Realty, our buyer’s agents serve families and investors across all of Kentucky, with expertise that online listings can’t deliver. We know which areas around Laurel Lake and Daniel Boone National Forest qualify for USDA zero-down loans, which neighborhoods in London and Corbin are best for first-time homebuyers, and where commuters near Mt. Vernon and I-75 can get the best value. Whether you’re relocating, upgrading, or purchasing your very first home, our local knowledge helps you avoid costly mistakes and uncover opportunities others miss.




Why Buyers Choose Williams Elite Realty
Kentucky buyers choose us because we’re more than REALTORS® and Real Estate Agents— we’re partners who put your goals first. If you’re comparing first-time homebuyer programs in Kentucky, weighing FHA vs. USDA loans, or need a trusted Kentucky real estate agent to negotiate your purchase, our team is here to guide you. As Keepers of the Pride, we go Beyond the Closing by connecting you with local inspectors, lenders, and community resources so your new house feels like home from day one. From starter homes under $200,000 to farms, lake properties, and move-up homes, we help buyers across Kentucky find not just a property, but a place to thrive.

 


Work With Us: Meet the Williams Elite Realty Team

Have questions about buying a home in Kentucky?

Call us at

Office: (606) 620-4668

Toll Free: (844) 394-4388

Mobile: (606) 627-1764

 

Or send us a message online. We’re proud to serve buyers across London, Corbin, Mt Vernon, Laurel County, and all of Kentucky — We respond Quickly, Your Information is NEVER shared.

Contact Us

(606) 620-4668

205 London Shopping Ctr, London, KY, 40741-3016, USA

agent

Wes Williams

Broker | License ID: 281622

+1(606) 627-1764

Full Name
Phone*
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Williams Elite Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.
agent

Wes Williams

Broker | License ID: 281622

+1(606) 627-1764

Full Name
Phone*
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Williams Elite Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.