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Louisville

Current Mortgage Rates in Louisville, Kentucky

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

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

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Mortgage Rates in Louisville, KY as of October 23, 2019
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

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.

How Do Today's Louisville, KY Mortgage Rates Compare?

October 23, 2019

The current average rate for a 30 year fixed rate mortgage in Louisville 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
Louisville, KY Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Louisville, Kentucky?

The median home value for Louisville, KY (Jefferson County) is $184,690

The median household income for Louisville, KY (Jefferson County) is $53,834

Based on current mortgage rates and a 10% down payment, you need to make $34,266 per year to buy the median priced home in Louisville

The home price you can afford to buy based on household income in Louisville is 157% of the median home value which means housing prices are average

Louisville (Jefferson County) ranks 116 out of 120 counties in Kentucky and 2,434 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Louisville, KY is average

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Loan Limits for Louisville, Kentucky

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Louisville (Jefferson County) below.

Conforming loan limits for Louisville, KY

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Louisville, KY

1 unit: $316,250
2 units: $404,850
3 units: $489,350
4 units: $608,150

VA loan limits for Louisville, KY

1 unit: $484,350

Additional Mortgage Resources for Louisville, KY Residents

Mortgage Rates for Kentucky Cities

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Louisville Mortgage Rates

Owensboro Mortgage Rates

Richmond Mortgage Rates

Shepherdsville Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index