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Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.981%APR 7.023% | 0 pts$0 | $1,026/moP&I $1,026 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.090%APR 6.866% | 0 pts$0 | $1,024/moP&I $952 · MI $72 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.215%APR 6.277% | 0 pts$0 | $948/moP&I $948 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.132%APR 7.292% | 0 pts$0 | $1,042/moP&I $1,042 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.716% | 0 pts$0 | $1,094/moP&I $1,094 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 6.215% | 6.277% | 0 pts ($0) | $1,322/mo | $27,009 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.324% | 6.426% | 0 pts ($0) | $1,664/mo | $38,140 |
Condo 10% Down | 10% | 720 credit score | 7.313% | 7.491% | 0 pts ($0) | $1,194/mo | $42,027 |
Conventional 10% Down | 10% | 720 credit score | 6.893% | 7.059% | 0 pts ($0) | $1,144/mo | $39,826 |
Conventional 20% Down | 20% | 740 credit score | 6.981% | 7.023% | 0 pts ($0) | $1,026/mo | $31,869 |
Conventional 5% Down | 5% | 700 credit score | 7.287% | 7.783% | 0 pts ($0) | $1,257/mo | $44,218 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.430% | 7.475% | 0 pts ($0) | $1,342/mo | $46,220 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,143/mo | $38,735 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.868% | 7.250% | 0 pts ($0) | $1,230/mo | $44,468 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.132% | 7.292% | 0 pts ($0) | $1,302/mo | $44,483 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,594/mo | $38,009 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.090% | 6.866% | 0 pts ($0) | $1,148/mo | $40,420 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,170/mo | $40,976 |
FHA Streamline Refi | 0% | 640 credit score | 6.284% | 7.063% | 0 pts ($0) | $1,215/mo | $43,032 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.259% | 7.514% | 0 pts ($0) | $1,253/mo | $45,715 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,209/mo | $23,664 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.716% | 0 pts ($0) | $1,026/mo | $32,692 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,041/mo | $32,540 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,123/mo | $34,444 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.452% | 7.234% | 0 pts ($0) | $1,193/mo | $42,485 |
Second Home 10% Down | 10% | 720 credit score | 6.101% | 6.683% | 0 pts ($0) | $1,054/mo | $35,681 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,016/mo | $31,418 |
VA 0% Down | 0% | 700 credit score | 6.116% | 6.366% | 0 pts ($0) | $1,198/mo | $39,708 |
VA Cash-Out Refi | 0% | 640 credit score | 6.118% | 6.493% | 0 pts ($0) | $1,198/mo | $39,720 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.127% | 6.285% | 0 pts ($0) | $1,199/mo | $39,773 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,063/mo | $33,631 |
Frequently Asked Questions
What are today's mortgage rates in 40219, Louisville/Jefferson County Metro Government (Balance), KY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 40219, Louisville/Jefferson County Metro Government (Balance), KY is 6.981% (with an estimated monthly payment of $1,219). Active program rates also include FHA 30-year fixed loans at 6.090% and VA 0%-down fixed loans at 6.116%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 40219, Louisville/Jefferson County Metro Government (Balance), KY?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in 40219, Louisville/Jefferson County Metro Government (Balance), KY have fluctuated between a low of 6.868% and a high of 7.125%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in 40219, Louisville/Jefferson County Metro Government (Balance), KY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $193,189 in 40219, Louisville/Jefferson County Metro Government (Balance), KY, a standard 20%-down Conventional loan requires an upfront cash down payment of $38,638 but keeps your monthly payment lower at $1,219/mo (at 6.981% interest) with no monthly PMI. In comparison, an FHA loan requires only $6,762 (3.5% down) but has an estimated payment of $1,364/mo (at 6.090% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $186,427 falls comfortably within the local HUD FHA loan limit of $541,287 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 40219 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 40219 is $806,501. With a typical local home value of $193,189 in Louisville/Jefferson County Metro Government (Balance), a standard 20%-down mortgage requires a loan size of $154,551. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in 40219, Louisville/Jefferson County Metro Government (Balance), KY impact estimated mortgage payments?
The median home value in 40219, Louisville/Jefferson County Metro Government (Balance), KY is estimated at $193,189. Buying a typical home here with a standard 20% down payment ($38,638) translates to an estimated starting monthly mortgage payment of $1,219 (principal and interest). Compared to the local area median household income of $57,340 ($4,778/mo), this basic housing payment represents approximately 25.5% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.