30-Year Fixed Jumbo Mortgage Refinance Interest Rates in Kentucky
Explore 30-year jumbo mortgage interest rates in Kentucky over time.
Optimal Blue, 30-Year Fixed Rate Jumbo Mortgage Index [OBMMIJUMBO30YF], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/OBMMIJUMBO30YF
Compare mortgage rates in Kentucky
Showing results for: 30-Year Fixed refinance offers for Single Family or Townhome properties in KY, total loan amount of $800,000.
| Lender | APR / Rate | Monthly Payment | |
|---|---|---|---|
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Rates and fees are estimates and subject to change without notice. Payments do not include taxes and insurance premiums. Actual payments may be higher. Not all lenders participate in this marketplace. Loan availability and terms may vary by state and lender. Lender offers, including badges like “Lowest APR” or “Lowest Payment,” are based only on results displayed here and may not reflect the absolute lowest offer available in the market. Rate and product details
Kentucky housing market snapshot
Hey Kentucky homeowners! The Bluegrass market is steady and reliable. It is one of the best states for consistent, sustainable growth.
| Metric | 2024 Stats | 2025 YTD Trends |
|---|---|---|
Appreciation | Steady | Healthy: Values up +4.1% to +4.5%. |
Median Home Value | Affordable | ~$226,000 (Very Affordable) |
Market Status | Balanced | Balanced (Fair for everyone). |
Why This Matters for Your Refinance (The LTV Factor)
Kentucky offers affordability without the wild price swings.
- Loan-to-Value (LTV) is the ratio of your debt to your home's worth.
- The Impact: With values rising over 4%, your equity is growing faster than inflation.
- The Strategy: If you have a high-interest rate from 2023/2024, keep an eye on rates. Even a small rate drop combined with your improved LTV could make a refinance save you $200+ a month.
Property taxes in Kentucky
Kentucky has very low property tax rates, ranking in the bottom half of the country.
~0.73%
29th (Low)
~$155,100
~$1,100 - $1,300
Kentucky refinance programs & homeowner perks
Kentucky Housing Corporation (KHC) offers robust support.
Visit Kentucky Housing Corporation (KHC)Featured Program: Regular Down Payment Assistance
- Who it’s for: First-time and repeat homebuyers.
- Benefit: KHC offers $10,000 in down payment assistance as a repayable loan at a very low interest rate (often significantly below the 1st mortgage rate).
- Expert tip: Look for the "Home Buyer Tax Credit". It’s a Mortgage Credit Certificate that reduces your federal income tax liability dollar-for-dollar for a portion of the mortgage interest you pay.
What is a 30-year fixed jumbo mortgage in Kentucky?
A 30-year fixed jumbo mortgage in Kentucky is a home loan that exceeds the conforming loan limits set by the FHFA, typically around $726,200. This mortgage has a fixed interest rate and consistent monthly payments over 30 years, suitable for high-value properties in Kentucky.
How do jumbo mortgage rates in Kentucky compare to conventional mortgage rates?
In Kentucky, jumbo mortgage rates are generally higher than conventional rates due to the increased risk for lenders. Rates can vary based on your financial profile and market conditions in Kentucky.
What are the requirements for a 30-year jumbo mortgage in Kentucky?
Lenders in Kentucky usually require a higher credit score (typically 700+), a larger down payment (often 20% or more), and a lower debt-to-income ratio compared to conventional loans.
Can I refinance a 30-year jumbo mortgage in Kentucky?
Yes, refinancing a jumbo mortgage in Kentucky is possible and can help secure a lower rate or change the loan terms. The process may be more stringent due to the higher loan amount.
What are the benefits of a 30-year fixed jumbo mortgage in Kentucky?
Benefits include financing higher-value properties, fixed interest rates for stability, and consistent monthly payments over 30 years for homes in Kentucky.
Are there closing costs for jumbo mortgages in Kentucky?
Yes, closing costs in Kentucky can be higher than for conventional loans due to the larger loan amounts and additional scrutiny during approval. They typically range from 2% to 5% of the loan amount.
How can I get the best 30-year jumbo mortgage rate in Kentucky?
To get the best rate in Kentucky, maintain a high credit score, save for a substantial down payment, and compare offers from multiple lenders. Economic conditions and lender policies in Kentucky also play a role.
What is the difference between a conforming and a jumbo loan in Kentucky?
A conforming loan in Kentucky adheres to the FHFA limits and can be purchased by Fannie Mae or Freddie Mac. A jumbo loan exceeds these limits and is not eligible for purchase by these entities, resulting in different qualifying criteria and potentially higher rates.
View interest rates by city
Browse the latest 30-year jumbo mortgage refinance rates in Kentucky. Select your city to view current offers: