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 Fleming-Neon
We rank active Fleming-Neon 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 | 7.189%APR 7.237% | 0 pts$0 | $323/moP&I $323 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.112%APR 6.892% | 0 pts$0 | $316/moP&I $294 · MI $22 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.387%APR 6.457% | 0 pts$0 | $298/moP&I $298 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.289%APR 7.352% | 0 pts$0 | $326/moP&I $326 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.790% | 0 pts$0 | $337/moP&I $337 · 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 | 6.387% | 6.457% | 0 pts ($0) | $412/mo | $8,561 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.358% | 6.434% | 0 pts ($0) | $514/mo | $11,812 |
Condo 10% Down | 10% | 720 credit score | 7.463% | 7.649% | 0 pts ($0) | $373/mo | $13,194 |
Conventional 10% Down | 10% | 720 credit score | 6.906% | 7.077% | 0 pts ($0) | $353/mo | $12,294 |
Conventional 20% Down | 20% | 740 credit score | 7.189% | 7.237% | 0 pts ($0) | $323/mo | $10,120 |
Conventional 5% Down | 5% | 700 credit score | 7.166% | 7.659% | 0 pts ($0) | $383/mo | $13,420 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.596% | 7.647% | 0 pts ($0) | $420/mo | $14,542 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $352/mo | $11,937 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.801% | 7.184% | 0 pts ($0) | $377/mo | $13,587 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.289% | 7.352% | 0 pts ($0) | $408/mo | $13,990 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $491/mo | $11,713 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.112% | 6.892% | 0 pts ($0) | $355/mo | $12,495 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $361/mo | $12,628 |
FHA Streamline Refi | 0% | 640 credit score | 6.306% | 7.089% | 0 pts ($0) | $375/mo | $13,301 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.109% | 7.364% | 0 pts ($0) | $380/mo | $13,832 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $372/mo | $7,292 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.790% | 0 pts ($0) | $316/mo | $10,075 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $321/mo | $10,028 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $346/mo | $10,615 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.471% | 7.257% | 0 pts ($0) | $368/mo | $13,126 |
Second Home 10% Down | 10% | 720 credit score | 6.122% | 6.708% | 0 pts ($0) | $325/mo | $11,030 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $313/mo | $9,682 |
VA 0% Down | 0% | 700 credit score | 6.146% | 6.400% | 0 pts ($0) | $370/mo | $12,292 |
VA Cash-Out Refi | 0% | 640 credit score | 6.160% | 6.540% | 0 pts ($0) | $371/mo | $12,317 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.189% | 6.352% | 0 pts ($0) | $372/mo | $12,370 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $328/mo | $10,364 |
Frequently Asked Questions
What are today's mortgage rates in Fleming-Neon, KY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Fleming-Neon, KY is 7.189% (with an estimated monthly payment of $924). Active program rates also include FHA 30-year fixed loans at 6.112% and VA 0%-down fixed loans at 6.146%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Fleming-Neon, 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 Fleming-Neon, KY have fluctuated between a low of 7.010% and a high of 7.274%. 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 Fleming-Neon, KY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $59,535 in Fleming-Neon, KY, a standard 20%-down Conventional loan requires an upfront cash down payment of $11,907 but keeps your monthly payment lower at $924/mo (at 7.189% interest) with no monthly PMI. In comparison, an FHA loan requires only $2,084 (3.5% down) but has an estimated payment of $1,015/mo (at 6.112% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $57,451 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 Fleming-Neon before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Fleming-Neon is $806,501. With a typical local home value of $59,535 in , a standard 20%-down mortgage requires a loan size of $47,628. 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 Fleming-Neon, KY impact estimated mortgage payments?
The median home value in Fleming-Neon, KY is estimated at $59,535. Buying a typical home here with a standard 20% down payment ($11,907) translates to an estimated starting monthly mortgage payment of $924 (principal and interest). Compared to the local area median household income of $46,671 ($3,889/mo), this basic housing payment represents approximately 23.8% 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.