See current Kentucky Refinance fixed rates (30 Year, 20, 15, 10, FHA, VA and Jumbo), variable rates (10 year, 7, 5, 3), Cash Out rates, plus comparisons with national averages and lender types. Refinancing in Kentucky can help lower your monthly payment, shorten your loan term, or tap into equity with a cash-out refinance.
Kentucky Refinance Rates –
Find community reported rates by Kentucky homeowners (rates are average APR).
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 7.65% | 7.70% | 7.75% | |
| Kentucky | 7.75% | 7.80% | 7.85% | |
| Credit Unions | 7.34% | 7.40% | 7.55% | 8.5/10 |
| Online lenders | 7.45% | 7.50% | 7.65% | 8.3/10 |
| Banks | 7.75% | 7.80% | 7.85% | 8.4/10 |
| 30 year fixed | 7.75% | 7.80% | 7.85% | |
| 30 year fixed FHA | 6.88% | 6.93% | 6.98% | |
| 30 year fixed VA | 6.54% | 6.59% | 6.64% | |
| 30 year fixed Jumbo | 7.86% | 8.10% | 8.29% | |
| 20 year fixed | 7.12% | 7.17% | 7.22% | |
| 15 year fixed | 7.05% | 7.11% | 7.16% | |
| 10 year fixed | 6.03% | 6.08% | 6.13% | |
| 3 year ARM | 4.94% | 4.99% | 5.04% | |
| 5 year ARM | 6.68% | 6.73% | 6.78% | |
| 7 year ARM | 7.03% | 7.08% | 7.13% | |
| 10 year ARM | 7.62% | 7.67% | 7.72% | |
| Satisfaction | 8.3/10 | 8.1/10 | 8.1/10 |
Source: MFP’s Community Home Refinance Rates Survey of Kentucky homeowner members in the last 30 days.
Cash Out Refinance Rates in Kentucky –
Find community reported cash-out refinance rates by Kentucky homeowners (rates are average APR).
| Credit Score | |||
|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | |
| Nationally | 7.77% | 7.90% | 8.02% |
| Kentucky | 7.87% | 8.00% | 8.12% |
| Credit Unions | 7.47% | 7.60% | 7.82% |
| Online lenders | 7.57% | 7.70% | 7.92% |
| Banks | 7.87% | 8.00% | 8.12% |
| 30 year fixed | 7.87% | 8.00% | 8.12% |
| 30 year fixed FHA | 7.00% | 7.13% | 7.26% |
| 30 year fixed VA | 6.67% | 6.79% | 6.92% |
| 30 year fixed Jumbo | 7.98% | 8.11% | 8.23% |
| 20 year fixed | 7.25% | 7.37% | 7.50% |
| 15 year fixed | 7.18% | 7.31% | 7.43% |
| 10 year fixed | 6.16% | 6.28% | 6.40% |
| 3 year ARM | 5.07% | 5.19% | 5.32% |
| 5 year ARM | 6.80% | 6.93% | 7.05% |
| 7 year ARM | 7.16% | 7.28% | 7.41% |
| 10 year ARM | 7.75% | 7.87% | 8.00% |
Source: MFP’s Community Home Refinance Rates Survey of Kentucky members in the last 30 days.
How Kentucky Compares to National Averages
- Kentucky refinance rates (7.75% for best credit scores) are slightly above national averages (national average: 7.65%).
- Credit unions are more competitive: In Kentucky, credit unions offer 7.59%, banks 7.84%, online lenders 7.70%.
- Borrower satisfaction: Credit unions 8.7/10, Online lenders 8.4/10, Banks 8.1/10.
Refinance Options in Kentucky
- 30-year Fixed: At 7.75% APR for excellent credit, Kentucky's most popular choice for stable long-term payments with predictable monthly costs
- 30-year Fixed FHA: At 6.88% APR for excellent credit, government-backed programs with competitive terms and flexible qualification requirements
- 30-year Fixed VA: At 6.54% APR for excellent credit, exclusive to eligible veterans and military members, featuring Kentucky's most competitive rates
- 30-year Fixed Jumbo: At 7.86% APR for excellent credit, for high-value homes with competitive jumbo mortgage terms
- 20-year Fixed: At 7.12% APR for excellent credit, a balanced option between shorter and longer terms with moderate payments
- 15-year Fixed: At 7.05% APR for excellent credit, lower interest rates but higher monthly payments, ideal for building equity faster
- 10-year Fixed: At 6.03% APR for excellent credit, the shortest fixed-term option with competitive rates for rapid equity building
- Adjustable-rate mortgages (ARMs): Various terms including 3-year (4.94% APR), 5-year (6.68% APR), 7-year (7.03% APR), and 10-year (7.62% APR) options that start lower but may adjust upward after initial fixed period
Metro Area Rates
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Louisville | 6.62% | 5.79% |
| Lexington | 6.61% | 5.78% |
| Bowling Green | 6.60% | 5.78% |
| Covington | 6.60% | 5.76% |
| Online lenders | 6.61% | 5.75% |
* APR Rates shown are for borrowers with the best credit scores. Click the city name to see community recommended lenders and ratings
Compare Lenders Rated by Kentucky Homeowners
Looking beyond rates, Kentucky homeowners rated their refinance lenders on:
- Ease of application
- Rates and terms offered
- Customer support and advice
- Overall recommendation %
See the Best Mortgage Refinance Lenders in Kentucky
FAQs – Kentucky Refinance Rates
Are refinance rates lower in Kentucky than the U.S. average?
No. This month, Kentucky’s is the same as the national benchmark for top credit scores.
What’s the best credit score for refinancing in Kentucky?
Borrowers with scores above 720 typically access the lowest rates (around 6.60% for 30-year fixed).
Which lenders have the highest satisfaction in Kentucky?
Credit unions lead in borrower satisfaction at 8.7/10, followed by online lenders (8.0/10) and banks (8.1/10).
More Info for Kentucky Homeowners:
Calculators & Tools
Home Equity Loan Calculator: See what you can borrow and what the draw period looks like.
HELOC Calculator: Estimate monthly payments on a fixed equity loan.
Loans Comparison Calculator: Compare Cost of Heloc, Cash-Out, Home Equity, Renovation Loan
Lenders & Loan Programs
Kentucky Best Refinance Lenders: from Community Recommendations Survey
Documents: Documents needed to refinance.
Kentucky Home Equity Loan & Kentucky HELOC Rates
Insurance & Homeowner Resources
Kentucky Best Home Insurance: from Community recommendations & Local Costs