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 | 6.834%APR 6.868% | 0 pts$0 | $3,577/moP&I $3,577 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.975%APR 6.743% | 0 pts$0 | $3,582/moP&I $3,327 · MI $255 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.881%APR 5.928% | 0 pts$0 | $3,237/moP&I $3,237 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.566%APR 6.599% | 0 pts$0 | $3,480/moP&I $3,480 · MI $0 | See details |
| Investment Property FixedConforming | 7.520%APR 7.559% | 0 pts$0 | $3,831/moP&I $3,831 · 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 | 5.881% | 5.928% | 0 pts ($0) | $4,579/mo | $90,273 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.887% | 5.936% | 0 pts ($0) | $5,726/mo | $126,289 |
Condo 10% Down | 10% | 720 credit score | 7.036% | 7.200% | 0 pts ($0) | $4,108/mo | $143,562 |
Conventional 10% Down | 10% | 720 credit score | 6.520% | 6.672% | 0 pts ($0) | $3,896/mo | $133,999 |
Conventional 20% Down | 20% | 740 credit score | 6.834% | 6.868% | 0 pts ($0) | $3,577/mo | $110,337 |
Conventional 5% Down | 5% | 700 credit score | 6.959% | 7.434% | 0 pts ($0) | $4,302/mo | $150,030 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.276% | 7.313% | 0 pts ($0) | $4,675/mo | $160,359 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $4,045/mo | $137,052 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.716% | 7.087% | 0 pts ($0) | $4,285/mo | $154,301 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.566% | 6.599% | 0 pts ($0) | $4,350/mo | $145,733 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $5,640/mo | $134,483 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.975% | 6.743% | 0 pts ($0) | $4,013/mo | $140,693 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $4,141/mo | $144,980 |
FHA Streamline Refi | 0% | 640 credit score | 6.104% | 6.874% | 0 pts ($0) | $4,216/mo | $148,492 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.933% | 7.174% | 0 pts ($0) | $4,291/mo | $155,366 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $4,276/mo | $83,727 |
Investment Property 25% Down | 25% | 740 credit score | 7.520% | 7.559% | 0 pts ($0) | $3,592/mo | $114,047 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $3,684/mo | $115,134 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $3,975/mo | $121,868 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.344% | 7.118% | 0 pts ($0) | $4,174/mo | $148,139 |
Second Home 10% Down | 10% | 720 credit score | 7.500% | 7.673% | 0 pts ($0) | $4,301/mo | $152,172 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,596/mo | $111,161 |
VA 0% Down | 0% | 700 credit score | 5.958% | 6.199% | 0 pts ($0) | $4,167/mo | $137,178 |
VA Cash-Out Refi | 0% | 640 credit score | 5.964% | 6.329% | 0 pts ($0) | $4,170/mo | $137,304 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 5.978% | 6.128% | 0 pts ($0) | $4,176/mo | $137,598 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $3,761/mo | $118,993 |
Frequently Asked Questions
What are today's mortgage rates in 40522, Lexington-Fayette Urban County, KY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 40522, Lexington-Fayette Urban County, KY is 6.834% (with an estimated monthly payment of $3,176). Active program rates also include FHA 30-year fixed loans at 5.975% and VA 0%-down fixed loans at 5.958%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 40522, 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 40522, Lexington-Fayette Urban County, KY have fluctuated between a low of 6.454% and a high of 6.915%. 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 40522, 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 $683,538 in 40522, Lexington-Fayette Urban County, KY, a standard 20%-down Conventional loan requires an upfront cash down payment of $136,708 but keeps your monthly payment lower at $3,176/mo (at 6.834% interest) with no monthly PMI. In comparison, an FHA loan requires only $23,924 (3.5% down) but has an estimated payment of $3,293/mo (at 5.975% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $659,614 falls comfortably within the local HUD FHA loan limit of $786,069 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 40522 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 40522 is $806,501. With a typical local home value of $683,538 in Lexington-Fayette Urban County, a standard 20%-down mortgage requires a loan size of $546,830. 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 40522, Lexington-Fayette Urban County, KY impact estimated mortgage payments?
The median home value in 40522, Lexington-Fayette Urban County, KY is estimated at $683,538. Buying a typical home here with a standard 20% down payment ($136,708) translates to an estimated starting monthly mortgage payment of $3,176 (principal and interest). Compared to the local area median household income of $64,568 ($5,381/mo), this basic housing payment represents approximately 59.0% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.