»
Kentucky

Current Kentucky Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Kentucky. Review free, personalized mortgage rates for Kentucky based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Kentucky. Plus, shopping lenders is free and there is no obligation.

%
Mortgage Rates for Kentucky as of July 8, 2020
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
PERSONALIZED MORTGAGE QUOTE

$
LEADING LENDERS ● LOW RATES ● FREE ● NO SSN

How Do Today's Kentucky Mortgage Rates Compare?

July 8, 2020

The current average rate for a 30 year fixed rate mortgage in Kentucky is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Kentucky Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Kentucky?

Below we offer valuable insights on the housing market and real estate prices in Kentucky. Understand how much you need to make to buy a house in Kentucky, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Kentucky is affordable for you. We provide this helpful information to help you decide if living in Kentucky is right for you.

The median home value for Kentucky is $155,156

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Kentucky is $27,924

With this income, you could qualify for a $139,640 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Kentucky is $647

The median household income for Kentucky is $50,552

Based on this income, you can afford a home valued at approximately $280,887

The home price you can afford to buy based on household income in Kentucky is 181% of the median home value which means housing prices are affordable. Kentucky ranks 11 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Kentucky is affordable

orange-simple-house
ruler

Additional Mortgage Resources for Kentucky Residents

Mortgage Rates for Kentucky Cities

Boone Mortgage Rates

Bowling Green Mortgage Rates

Campbell Mortgage Rates

Covington Mortgage Rates

Elizabethtown Mortgage Rates

Lexington Mortgage Rates

Louisville Mortgage Rates

Owensboro Mortgage Rates

Richmond Mortgage Rates

Shepherdsville Mortgage Rates