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-Fayette Urban County
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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 | 6.949%APR 6.983% | 0 pts$0 | $1,994/moP&I $1,994 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.964%APR 6.731% | 0 pts$0 | $1,971/moP&I $1,831 · MI $140 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.101%APR 6.149% | 0 pts$0 | $1,826/moP&I $1,826 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.978%APR 7.012% | 0 pts$0 | $2,000/moP&I $2,000 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.682% | 0 pts$0 | $2,132/moP&I $2,132 · 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 | 6.101% | 6.149% | 0 pts ($0) | $2,559/mo | $51,649 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.052% | 6.101% | 0 pts ($0) | $3,188/mo | $71,369 |
Condo 10% Down | 10% | 720 credit score | 7.255% | 7.423% | 0 pts ($0) | $2,313/mo | $81,324 |
Conventional 10% Down | 10% | 720 credit score | 6.780% | 6.937% | 0 pts ($0) | $2,205/mo | $76,471 |
Conventional 20% Down | 20% | 740 credit score | 6.949% | 6.983% | 0 pts ($0) | $1,994/mo | $61,827 |
Conventional 5% Down | 5% | 700 credit score | 7.084% | 7.562% | 0 pts ($0) | $2,400/mo | $83,997 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.375% | 7.411% | 0 pts ($0) | $2,601/mo | $89,464 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,228/mo | $75,500 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.843% | 7.217% | 0 pts ($0) | $2,392/mo | $86,400 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.978% | 7.012% | 0 pts ($0) | $2,500/mo | $84,956 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,107/mo | $74,085 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.964% | 6.731% | 0 pts ($0) | $2,208/mo | $77,383 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,281/mo | $79,868 |
FHA Streamline Refi | 0% | 640 credit score | 6.081% | 6.849% | 0 pts ($0) | $2,317/mo | $81,537 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.041% | 7.284% | 0 pts ($0) | $2,390/mo | $86,753 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,356/mo | $46,124 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.682% | 0 pts ($0) | $1,999/mo | $63,722 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.168% | 0 pts ($0) | $2,030/mo | $63,425 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,190/mo | $67,135 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.330% | 7.103% | 0 pts ($0) | $2,296/mo | $81,452 |
Second Home 10% Down | 10% | 720 credit score | 5.969% | 6.540% | 0 pts ($0) | $2,025/mo | $68,202 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,981/mo | $61,237 |
VA 0% Down | 0% | 700 credit score | 6.083% | 6.325% | 0 pts ($0) | $2,327/mo | $77,014 |
VA Cash-Out Refi | 0% | 640 credit score | 6.086% | 6.453% | 0 pts ($0) | $2,327/mo | $77,049 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.093% | 6.243% | 0 pts ($0) | $2,329/mo | $77,130 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,072/mo | $65,551 |
Frequently Asked Questions
What are today's mortgage rates in Lexington-Fayette urban county, KY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Lexington-Fayette urban county, KY is 6.949% (with an estimated monthly payment of $1,937). Active program rates also include FHA 30-year fixed loans at 5.964% and VA 0%-down fixed loans at 6.083%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 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 Lexington-Fayette urban county, KY have fluctuated between a low of 6.581% and a high of 7.027%. 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 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 $376,551 in Lexington-Fayette urban county, KY, a standard 20%-down Conventional loan requires an upfront cash down payment of $75,310 but keeps your monthly payment lower at $1,937/mo (at 6.949% interest) with no monthly PMI. In comparison, an FHA loan requires only $13,179 (3.5% down) but has an estimated payment of $2,145/mo (at 5.964% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $363,372 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 Lexington-Fayette urban county before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Lexington-Fayette urban county is $806,501. With a typical local home value of $376,551 in , a standard 20%-down mortgage requires a loan size of $301,241. 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 Lexington-Fayette urban county, KY impact estimated mortgage payments?
The median home value in Lexington-Fayette urban county, KY is estimated at $376,551. Buying a typical home here with a standard 20% down payment ($75,310) translates to an estimated starting monthly mortgage payment of $1,937 (principal and interest). Compared to the local area median household income of $78,902 ($6,575/mo), this basic housing payment represents approximately 29.5% 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.