See the latest Kentucky mortgage rates for fixed rates: 30 year, 20, 15, 10 FHA, VA, Jumbo, plus variable rates: 10, 7, 5, 3 year. Also see how local rates compare nationally and main lending options available across the state.
Buying a home in Kentucky could be easier with today’s mortgage rates.
Mortgage Rates in Kentucky –
The table below shows today’s home purchase mortgage rates for Kentucky, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.31% | 6.36% | 6.41% | |
| Kentucky | 6.32% | 6.37% | 6.42% | |
| Credit Unions | 5.92% | 5.97% | 6.12% | 8.2/10 |
| Online lenders | 6.02% | 6.07% | 6.22% | 8.3/10 |
| Banks | 6.32% | 6.37% | 6.42% | 8.0/10 |
| 30 year fixed | 6.32% | 6.37% | 6.42% | |
| 30 year fixed FHA | 6.71% | 6.76% | 6.81% | |
| 30 year fixed VA | 6.14% | 6.19% | 6.24% | |
| 30 year fixed Jumbo | 6.55% | 6.93% | 7.12% | |
| 20 year fixed | 6.12% | 6.17% | 6.22% | |
| 15 year fixed | 5.65% | 5.70% | 5.75% | |
| 10 year fixed | 5.93% | 5.98% | 6.03% | |
| 3 year ARM | 4.84% | 4.89% | 4.94% | |
| 5 year ARM | 6.38% | 6.43% | 6.48% | |
| 7 year ARM | 6.30% | 6.35% | 6.40% | |
| 10 year ARM | 6.34% | 6.39% | 6.44% | |
| Satisfaction | 8.9/10 | 7.8/10 | 7.6/10 |
Source: MFP’s Community Home Purchase Rates Survey from Kentuckian members in the last 30 days.
How Kentucky Compares to National Averages
- Kentucky mortgage rates (6.32% for best credit scores) are in line with national averages (national average: 6.31%).
- Credit unions are more competitive: In Kentucky, credit unions offer 5.92%, banks 6.32%, online lenders 6.02%.
Mortgage Options in Kentucky
- 30 year fixed: 6.32% - most popular long-term option for predictable payments
- 20 year fixed: 6.12% - balance between payment size and interest savings
- 15 year fixed: 5.65% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.93% - shortest fixed-term option with competitive rates
- 10 year variable: 4.84% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.38% - A mid-term variable option...
- 5 year variable: 6.30% - Shorter-term variable mortgage...
- 3 year variable: 6.34% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Kentucky Metro Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Louisville | 6.35% | 5.63% |
| Lexington | 6.36% | 5.64% |
| Bowling Green | 6.38% | 5.66% |
| Owensboro | 6.37% | 5.65% |
| Covington | 6.39% | 5.67% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Compare Lenders Rated by Kentucky Homeowners
Kentucky homeowners rated their mortgage lenders on:
- Ease of application
- Rates and terms offered
- Customer support and advice
- Overall recommendation %
See the Best Mortgage Lenders in Kentucky
FAQs Kentucky Mortgage Rates
Are home purchase rates higher in Kentucky than the U.S. average?
Kentucky mortgage rates typically align very closely with national averages, often differing by only minor fractions of a percentage point.
What credit score is best for buying a home in Kentucky?
A credit score of 720 or higher typically secures the most competitive mortgage rates available in Kentucky.
Is it better to choose a fixed-rate or ARM in Kentucky?
Fixed-rate mortgages offer payment stability for long-term homeowners, while ARMs may benefit those planning shorter-term ownership or expecting to refinance.
More Kentucky Home Information:
Kentucky Best Mortgage Lenders
Kentucky Best Home Insurance from Community Recommendations & Insurance Costs
More Resources for Kentucky Homeowners.