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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 | 6.970%APR 7.009% | 0 pts$0 | $1,565/moP&I $1,565 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.960%APR 6.731% | 0 pts$0 | $1,543/moP&I $1,433 · MI $110 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.152%APR 6.208% | 0 pts$0 | $1,438/moP&I $1,438 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.987%APR 7.026% | 0 pts$0 | $1,568/moP&I $1,568 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.707% | 0 pts$0 | $1,670/moP&I $1,670 · 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 | 6.152% | 6.208% | 0 pts ($0) | $2,010/mo | $40,801 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.064% | 6.119% | 0 pts ($0) | $2,499/mo | $56,000 |
Condo 10% Down | 10% | 720 credit score | 7.297% | 7.471% | 0 pts ($0) | $1,819/mo | $64,030 |
Conventional 10% Down | 10% | 720 credit score | 6.792% | 6.953% | 0 pts ($0) | $1,729/mo | $59,989 |
Conventional 20% Down | 20% | 740 credit score | 6.970% | 7.009% | 0 pts ($0) | $1,565/mo | $48,573 |
Conventional 5% Down | 5% | 700 credit score | 7.111% | 7.595% | 0 pts ($0) | $1,885/mo | $66,016 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.417% | 7.459% | 0 pts ($0) | $2,045/mo | $70,443 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,745/mo | $59,132 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.837% | 7.216% | 0 pts ($0) | $1,872/mo | $67,617 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.987% | 7.026% | 0 pts ($0) | $1,960/mo | $66,618 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,434/mo | $58,024 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.960% | 6.731% | 0 pts ($0) | $1,729/mo | $60,572 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,787/mo | $62,553 |
FHA Streamline Refi | 0% | 640 credit score | 6.084% | 6.857% | 0 pts ($0) | $1,815/mo | $63,888 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.068% | 7.316% | 0 pts ($0) | $1,877/mo | $68,174 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,845/mo | $36,125 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.707% | 0 pts ($0) | $1,566/mo | $49,907 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,590/mo | $49,675 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,715/mo | $52,581 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.324% | 7.101% | 0 pts ($0) | $1,797/mo | $63,741 |
Second Home 10% Down | 10% | 720 credit score | 6.072% | 6.650% | 0 pts ($0) | $1,604/mo | $54,238 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,551/mo | $47,961 |
VA 0% Down | 0% | 700 credit score | 6.085% | 6.332% | 0 pts ($0) | $1,823/mo | $60,336 |
VA Cash-Out Refi | 0% | 640 credit score | 6.089% | 6.461% | 0 pts ($0) | $1,823/mo | $60,373 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.080% | 6.234% | 0 pts ($0) | $1,822/mo | $60,291 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,623/mo | $51,340 |
Frequently Asked Questions
What are today's mortgage rates in 40533, Lexington-Fayette Urban County, KY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 40533, Lexington-Fayette Urban County, KY is 6.970% (with an estimated monthly payment of $1,695). Active program rates also include FHA 30-year fixed loans at 5.960% and VA 0%-down fixed loans at 6.085%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 40533, 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 40533, Lexington-Fayette Urban County, KY have fluctuated between a low of 6.858% and a high of 7.105%. 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 40533, 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 $294,918 in 40533, Lexington-Fayette Urban County, KY, a standard 20%-down Conventional loan requires an upfront cash down payment of $58,984 but keeps your monthly payment lower at $1,695/mo (at 6.970% interest) with no monthly PMI. In comparison, an FHA loan requires only $10,322 (3.5% down) but has an estimated payment of $1,872/mo (at 5.960% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $284,596 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 40533 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 40533 is $806,501. With a typical local home value of $294,918 in Lexington-Fayette Urban County, a standard 20%-down mortgage requires a loan size of $235,934. 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 40533, Lexington-Fayette Urban County, KY impact estimated mortgage payments?
The median home value in 40533, Lexington-Fayette Urban County, KY is estimated at $294,918. Buying a typical home here with a standard 20% down payment ($58,984) translates to an estimated starting monthly mortgage payment of $1,695 (principal and interest). Compared to the local area median household income of $52,404 ($4,367/mo), this basic housing payment represents approximately 38.8% 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.