Homebuyers planning to put down roots in the Bluegrass State have many housing options to consider. Kentucky offers almost 2 million housing units and has a homeownership rate around 67%, according to the U.S. Census Bureau’s 2018 American Community Survey.
Kentucky’s median housing value is $148,100, well below the national median value of $229,700. As with most states, Kentucky has areas with higher housing prices, but there are also parts of the state that offer lower housing prices.
U.S. News conducted an in-depth review of leading direct mortgage lenders. Research was based on program availability and customer satisfaction ratings. Because each consumer has different needs, the top finishers in several key areas were chosen.
What Are the Mortgage Rates in Kentucky?
The average interest rate for a 30-year fixed-rate conforming mortgage in Kentucky is 3.56%.
Home interest rates range from 2.88% to 4.75% in Kentucky.
What Are Today’s Mortgage Rates?
Locking in a low mortgage rate today can save you thousands over the life of your loan. Compare your mortgage rate offers with national average trends.
This Week’s Rate
Last Week’s Rate
|30-Year Fixed Rate||3.50%||3.51%|
|15-Year Fixed Rate||2.83%||2.83%|
|30-Year Fixed Jumbo Rate||3.58%||3.60%|
|5/1 ARM Rate||3.19%||3.20%|
|5/1 ARM Jumbo Rate||3.02%||3.00%|
*Rates as of June 8, 2020.
U.S. News’ Best Kentucky Mortgage Lenders
Methodology: U.S. News conducted an in-depth review of leading direct mortgage lenders in Kentucky. Research was based on program availability, customer satisfaction ratings and qualification requirements. Because each consumer has different needs, the top finishers in several key areas were chosen.
- Mortgage types offered: Conventional, VA, FHA, refinance, home equity
- Minimum FICO score: 620
- Maximum loan-to-value ratio: 100%
- Maximum debt-to-income ratio: 55%
- Loan amounts: Up to $5,000,000
- Total closing costs: Varies
- J.D. Power overall satisfaction rating: Four out of five