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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 | 6.869%APR 6.904% | 0 pts$0 | $1,920/moP&I $1,920 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.003%APR 6.772% | 0 pts$0 | $1,921/moP&I $1,784 · MI $136 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.948%APR 5.997% | 0 pts$0 | $1,743/moP&I $1,743 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.609%APR 6.643% | 0 pts$0 | $1,869/moP&I $1,869 · MI $0 | See details |
| Investment Property FixedConforming | 7.582%APR 7.622% | 0 pts$0 | $2,061/moP&I $2,061 · 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 | 5.948% | 5.997% | 0 pts ($0) | $2,459/mo | $48,841 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.942% | 5.993% | 0 pts ($0) | $3,073/mo | $68,115 |
Condo 10% Down | 10% | 720 credit score | 7.101% | 7.268% | 0 pts ($0) | $2,211/mo | $77,415 |
Conventional 10% Down | 10% | 720 credit score | 6.565% | 6.720% | 0 pts ($0) | $2,093/mo | $72,102 |
Conventional 20% Down | 20% | 740 credit score | 6.869% | 6.904% | 0 pts ($0) | $1,920/mo | $59,311 |
Conventional 5% Down | 5% | 700 credit score | 6.989% | 7.466% | 0 pts ($0) | $2,308/mo | $80,543 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.314% | 7.352% | 0 pts ($0) | $2,509/mo | $86,171 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,163/mo | $73,289 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.777% | 7.151% | 0 pts ($0) | $2,306/mo | $83,164 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.609% | 6.643% | 0 pts ($0) | $2,337/mo | $78,404 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,016/mo | $71,915 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.003% | 6.772% | 0 pts ($0) | $2,152/mo | $75,538 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,215/mo | $77,528 |
FHA Streamline Refi | 0% | 640 credit score | 6.157% | 6.929% | 0 pts ($0) | $2,268/mo | $79,999 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.963% | 7.206% | 0 pts ($0) | $2,302/mo | $83,396 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,287/mo | $44,773 |
Investment Property 25% Down | 25% | 740 credit score | 7.582% | 7.622% | 0 pts ($0) | $1,932/mo | $61,500 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,970/mo | $61,568 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,125/mo | $65,169 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.376% | 7.151% | 0 pts ($0) | $2,239/mo | $79,563 |
Second Home 10% Down | 10% | 720 credit score | 6.025% | 6.599% | 0 pts ($0) | $1,978/mo | $66,758 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,923/mo | $59,443 |
VA 0% Down | 0% | 700 credit score | 5.998% | 6.240% | 0 pts ($0) | $2,238/mo | $73,805 |
VA Cash-Out Refi | 0% | 640 credit score | 6.008% | 6.375% | 0 pts ($0) | $2,241/mo | $73,917 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.031% | 6.182% | 0 pts ($0) | $2,246/mo | $74,175 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,011/mo | $63,632 |
Frequently Asked Questions
What are today's mortgage rates in Graymoor-Devondale, KY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Graymoor-Devondale, KY is 6.869% (with an estimated monthly payment of $2,565). Active program rates also include FHA 30-year fixed loans at 6.003% and VA 0%-down fixed loans at 5.998%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Graymoor-Devondale, 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 Graymoor-Devondale, KY have fluctuated between a low of 6.490% and a high of 6.951%. 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 Graymoor-Devondale, KY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $365,523 in Graymoor-Devondale, KY, a standard 20%-down Conventional loan requires an upfront cash down payment of $73,105 but keeps your monthly payment lower at $2,565/mo (at 6.869% interest) with no monthly PMI. In comparison, an FHA loan requires only $12,793 (3.5% down) but has an estimated payment of $2,876/mo (at 6.003% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $352,730 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 Graymoor-Devondale before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Graymoor-Devondale is $806,501. With a typical local home value of $365,523 in , a standard 20%-down mortgage requires a loan size of $292,418. 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 Graymoor-Devondale, KY impact estimated mortgage payments?
The median home value in Graymoor-Devondale, KY is estimated at $365,523. Buying a typical home here with a standard 20% down payment ($73,105) translates to an estimated starting monthly mortgage payment of $2,565 (principal and interest). Compared to the local area median household income of $89,407 ($7,451/mo), this basic housing payment represents approximately 34.4% 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.