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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 | 6.858%APR 6.893% | 0 pts$0 | $3,407/moP&I $3,407 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.990%APR 6.758% | 0 pts$0 | $3,408/moP&I $3,166 · MI $242 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.926%APR 5.975% | 0 pts$0 | $3,090/moP&I $3,090 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.895%APR 6.930% | 0 pts$0 | $3,419/moP&I $3,419 · MI $0 | See details |
| Investment Property FixedConforming | 7.562%APR 7.602% | 0 pts$0 | $3,654/moP&I $3,654 · 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 | 5.926% | 5.975% | 0 pts ($0) | $4,363/mo | $86,431 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.891% | 5.940% | 0 pts ($0) | $5,441/mo | $120,043 |
Condo 10% Down | 10% | 720 credit score | 7.080% | 7.246% | 0 pts ($0) | $3,919/mo | $137,151 |
Conventional 10% Down | 10% | 720 credit score | 6.551% | 6.705% | 0 pts ($0) | $3,713/mo | $127,837 |
Conventional 20% Down | 20% | 740 credit score | 6.858% | 6.893% | 0 pts ($0) | $3,407/mo | $105,190 |
Conventional 5% Down | 5% | 700 credit score | 6.979% | 7.455% | 0 pts ($0) | $4,095/mo | $142,892 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.301% | 7.339% | 0 pts ($0) | $4,452/mo | $152,821 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,843/mo | $130,192 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.763% | 7.137% | 0 pts ($0) | $4,091/mo | $147,469 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.895% | 6.930% | 0 pts ($0) | $4,274/mo | $144,873 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $5,358/mo | $127,751 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.990% | 6.758% | 0 pts ($0) | $3,818/mo | $133,937 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,934/mo | $137,723 |
FHA Streamline Refi | 0% | 640 credit score | 6.124% | 6.895% | 0 pts ($0) | $4,014/mo | $141,456 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.953% | 7.195% | 0 pts ($0) | $4,085/mo | $147,960 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $4,062/mo | $79,536 |
Investment Property 25% Down | 25% | 740 credit score | 7.562% | 7.602% | 0 pts ($0) | $3,426/mo | $108,955 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $3,500/mo | $109,370 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $3,776/mo | $115,768 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.364% | 7.139% | 0 pts ($0) | $3,973/mo | $141,107 |
Second Home 10% Down | 10% | 720 credit score | 6.004% | 6.577% | 0 pts ($0) | $3,505/mo | $118,222 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,416/mo | $105,597 |
VA 0% Down | 0% | 700 credit score | 5.987% | 6.229% | 0 pts ($0) | $3,971/mo | $130,889 |
VA Cash-Out Refi | 0% | 640 credit score | 5.995% | 6.361% | 0 pts ($0) | $3,975/mo | $131,049 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.010% | 6.161% | 0 pts ($0) | $3,981/mo | $131,348 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $3,573/mo | $113,036 |
Frequently Asked Questions
What are today's mortgage rates in 40513, Lexington-Fayette Urban County, KY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 40513, Lexington-Fayette Urban County, KY is 6.858% (with an estimated monthly payment of $2,736). Active program rates also include FHA 30-year fixed loans at 5.990% and VA 0%-down fixed loans at 5.987%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 40513, 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 40513, Lexington-Fayette Urban County, KY have fluctuated between a low of 6.479% and a high of 6.939%. 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 40513, 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 $649,322 in 40513, Lexington-Fayette Urban County, KY, a standard 20%-down Conventional loan requires an upfront cash down payment of $129,864 but keeps your monthly payment lower at $2,736/mo (at 6.858% interest) with no monthly PMI. In comparison, an FHA loan requires only $22,726 (3.5% down) but has an estimated payment of $3,067/mo (at 5.990% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $626,596 falls comfortably within the local HUD FHA loan limit of $746,720 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 40513 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 40513 is $806,501. With a typical local home value of $649,322 in Lexington-Fayette Urban County, a standard 20%-down mortgage requires a loan size of $519,458. 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 40513, Lexington-Fayette Urban County, KY impact estimated mortgage payments?
The median home value in 40513, Lexington-Fayette Urban County, KY is estimated at $649,322. Buying a typical home here with a standard 20% down payment ($129,864) translates to an estimated starting monthly mortgage payment of $2,736 (principal and interest). Compared to the local area median household income of $131,173 ($10,931/mo), this basic housing payment represents approximately 25.0% 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.