Select your Scenario
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.
See Safe Rate's top scoring lenders for Lexington
We rank active Lexington lenders across our 5 P's of mortgage shopping. No pay to play, independent rankings.
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 | 6.989%APR 7.028% | 0 pts$0 | $1,470/moP&I $1,470 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.071%APR 6.844% | 0 pts$0 | $1,463/moP&I $1,360 · MI $103 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.246%APR 6.303% | 0 pts$0 | $1,362/moP&I $1,362 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.941%APR 6.981% | 0 pts$0 | $1,463/moP&I $1,463 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.717% | 0 pts$0 | $1,566/moP&I $1,566 · MI $0 | See details |
Personalize the rates on this page
Tell us your home budget and credit score to see exact payments and find your best-fit loan program instantly.
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 | 6.246% | 6.303% | 0 pts ($0) | $1,896/mo | $38,860 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.133% | 6.191% | 0 pts ($0) | $2,353/mo | $53,062 |
Condo 10% Down | 10% | 720 credit score | 7.319% | 7.494% | 0 pts ($0) | $1,709/mo | $60,204 |
Conventional 10% Down | 10% | 720 credit score | 6.808% | 6.970% | 0 pts ($0) | $1,624/mo | $56,369 |
Conventional 20% Down | 20% | 740 credit score | 6.989% | 7.028% | 0 pts ($0) | $1,470/mo | $45,672 |
Conventional 5% Down | 5% | 700 credit score | 7.137% | 7.624% | 0 pts ($0) | $1,772/mo | $62,106 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.438% | 7.481% | 0 pts ($0) | $1,922/mo | $66,227 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,636/mo | $55,446 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.842% | 7.222% | 0 pts ($0) | $1,756/mo | $63,443 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.941% | 6.981% | 0 pts ($0) | $1,829/mo | $62,082 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,282/mo | $54,407 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.071% | 6.844% | 0 pts ($0) | $1,640/mo | $57,702 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,675/mo | $58,653 |
FHA Streamline Refi | 0% | 640 credit score | 6.266% | 7.043% | 0 pts ($0) | $1,735/mo | $61,445 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.093% | 7.342% | 0 pts ($0) | $1,764/mo | $64,122 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,730/mo | $33,873 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.717% | 0 pts ($0) | $1,468/mo | $46,796 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,490/mo | $46,579 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,608/mo | $49,303 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.435% | 7.214% | 0 pts ($0) | $1,705/mo | $60,675 |
Second Home 10% Down | 10% | 720 credit score | 6.077% | 6.655% | 0 pts ($0) | $1,505/mo | $50,894 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,455/mo | $44,971 |
VA 0% Down | 0% | 700 credit score | 6.075% | 6.322% | 0 pts ($0) | $1,707/mo | $56,490 |
VA Cash-Out Refi | 0% | 640 credit score | 6.079% | 6.451% | 0 pts ($0) | $1,708/mo | $56,524 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.085% | 6.240% | 0 pts ($0) | $1,709/mo | $56,575 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,522/mo | $48,140 |
Frequently Asked Questions
What are today's mortgage rates in 40512, Lexington-Fayette Urban County, KY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 40512, Lexington-Fayette Urban County, KY is 6.989% (with an estimated monthly payment of $1,594). Active program rates also include FHA 30-year fixed loans at 6.071% and VA 0%-down fixed loans at 6.075%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 40512, Lexington-Fayette Urban County, 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 40512, Lexington-Fayette Urban County, KY have fluctuated between a low of 6.883% and a high of 7.133%. 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 40512, Lexington-Fayette Urban County, KY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $276,533 in 40512, Lexington-Fayette Urban County, KY, a standard 20%-down Conventional loan requires an upfront cash down payment of $55,307 but keeps your monthly payment lower at $1,594/mo (at 6.989% interest) with no monthly PMI. In comparison, an FHA loan requires only $9,679 (3.5% down) but has an estimated payment of $1,778/mo (at 6.071% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $266,854 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 40512 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 40512 is $806,501. With a typical local home value of $276,533 in Lexington-Fayette Urban County, a standard 20%-down mortgage requires a loan size of $221,226. 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 40512, Lexington-Fayette Urban County, KY impact estimated mortgage payments?
The median home value in 40512, Lexington-Fayette Urban County, KY is estimated at $276,533. Buying a typical home here with a standard 20% down payment ($55,307) translates to an estimated starting monthly mortgage payment of $1,594 (principal and interest). Compared to the local area median household income of $79,006 ($6,584/mo), this basic housing payment represents approximately 24.2% 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.