Kentucky Mortgage Rates

May 25, 2016 02:47 PM Eastern

Refinance rates now in LOUISVILLE, KY [Change this]

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Home Price (Purchase)
When you get a mortgage to purchase a home, the lender uses the lower of the agreed-upon purchase price or the property's appraised value to determine your maximum loan amount. The loan amount divided by the property home price equals your loan-to-value ratio, or LTV. That ratio is one of the major factors that lenders use to set your mortgage rate. If your LTV exceeds 80 percent, you'll probably be required to pay mortgage insurance, which increases your monthly payment. If the property appraises for less than the agreed-on purchase price, you are not usually required to complete the purchase.
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Home Value (Refinance)
This is your estimate of the current value of your property. When you refinance, your home is almost always evaluated by a licensed appraiser. The refinance loan amount divided by the property's appraised value equals your loan-to-value ratio (LTV), and that number is one of the major factors that determine your mortgage rate. To get an accurate refinance rate quote, your home value estimate must be reasonably accurate.
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Down Payment
The down payment is the amount you pay upfront when you finance property. Your purchase price minus your down payment equals your mortgage amount. The higher your down payment, the more likely you are to be approved for a home loan. If your down payment is less than 20 percent of the purchase price, you'll probably be required to pay for mortgage insurance, which increases your monthly payment.
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Credit Score
Your credit score is a number designed to measure your credit-worthiness. It's based on a formula that combines many factors, including your payment history, amount of credit used and number of accounts. This number is used by lenders to calculate the probability that you'll default on your mortgage. Most lenders won't approve mortgages to applicants with credit scores lower than 620. Your credit score is one of the most important factors that determines your mortgage rate - applicants with higher scores are offered better mortgage rates.

15 Year Fixed

Interest Rate
2.625%
APR
2.928%
Monthly Payment
$1,346
First Internet Bank
15 Year Fixed
Interest Rate
2.625%
APR
2.928%
Monthly Payment
$1,346
(855) 637-1962 Contact
First Internet Bank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,346
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,346
Lender Fees $4,195
Lender Credit $0
Total Closing Fees* $4,195
*Other 3rd party fees may apply
First Internet Bank
Email Lender

About the Lender

At First Internet Bank, we focus on helping our customers achieve their dreams of homeownership. We know that it is more than a house to you; it is where you raise your families, make lasting memories and build financial security. And we know that your family and home is unique and special, so we treat each and every application individually.
1. Your home loan experience – better, faster, easier – Our team has helped thousands of people like you afford the home of their dreams. You can rely on our deep knowledge and experience because our loan officers are seasoned professionals. They’re not sales people; they are “skilled mortgage advisors.” We take the time to explain each step to you – forms, paper work, the home appraisal and the final closing. First IB is there for you and will guide, support and advise you every step of the way.
2. Great rates and low fees – We know that once you find that perfect home in that perfect neighborhood, you’ll need a mortgage partner to help you design the perfect payment plan. First IB consistently delivers competitive mortgage rates to home owners across the nation. And unlike some lenders, we won’t just show you “some” of the fees, we show you everything. Put us to the test!
First Internet Bank
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Lender Reviews

Great Lender

Yes, I recommend this lender

First Internet was excepitional in every facet of our refiance. Our loan officer Scott was very efficent not pushy and lived up to his word 100%. I would not hesitate to refer them to any of my family or friends, from start to finish the process was very streamlined and professional. Their best atribute was complete honesty.

By: Clifford (Carleton, MI)

Higly recommended

Yes, I recommend this lender

They are very professional, and respond fast to my questions. Great rate and fee. Save me a lot on mortgage.

By: Ying (Wilmington, NC)

Quick Responders

Yes, I recommend this lender

Greg and his team were always quick to respond to my requests and answered every question with accuracy. Refinancing my home via email and online was easier than the times I've done it in person.

By: JJ (Eagle Mountain, UT)
See All Reviews
Consumer Direct Mortgage, a division of FirstBank
15 Year Fixed
Interest Rate
2.750%
APR
2.809%
Monthly Payment
$1,358
(855) 997-1825 Contact
Consumer Direct Mortgage, a division of FirstBank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,358
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,358
Lender Fees $830
Lender Credit $0
Total Closing Fees* $830
*Other 3rd party fees may apply
Consumer Direct Mortgage, a division of FirstBank
Email Lender

About the Lender

At Consumer Direct Mortgage, we know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention. You are our priority and we know that superior service, delivering what was offered, coupled with the lowest overall cost is the way to keep you as a customer for life. In a lending environment where everyone is offering the same core products and programs, we know that we have to separate ourselves with an unwavering commitment to services and delivering the lowest overall total cost to close every day. Our sales and operations team is comprised of veteran Mortgage Professionals that are committed to this philosophy and understand what it takes to get the job done on time and at the agreed upon terms and conditions presented.
Consumer Direct Mortgage, a division of FirstBank
Email Lender Write a Review

Lender Reviews

Consumer Direct Mortgage review

Yes, I recommend this lender

Best financing experience ever! My compliments to three individuals in particular, Stephen Spivey, Kimberly Sourant and Magen Dwojak. I could not be more pleased with the level of professionalism and promptness displayed by these individuals and their whole team. Great Product, great interest rate and great people!

By: Rick (Eureka, MO)

Happy with my Refinance

Yes, I recommend this lender

I was in need of a mortgage refinance and went on line to Lending Tree in order to get responses from multiple mortgage companies. ConsumerDirect Mortgage was one of the respondents. They had the most competitive rates and their closing cost were better than most as well. They were an excellent team of mortgage professionals led by Bill Hutto. if I am ever in need of another mortgage in the future I will certainly contact ConsumerDirect.

By: Bryan (Conway, SC)

Easiest Mortgage Ever

Yes, I recommend this lender

I worked with Phil Blasi Nate Piccone and Kate Janousek. Phil was invaluable with all the help he gave me. He was available day or night and encouraged questions and contact. I felt like he was there for me. Nate helped to complete all the docs and make sure the package was complete before it went to closing and was also available whenever needed, day or night. Kate handled the final wrap up and closing and wrapped it up quickly. The money was available immediately after the closing papers were faxed in and my lawyer and title agent remarked that it was one of the easiest closings that they had done. All in all, it was the best mortgage experience out of the eight or more that I have done.

By: WilliamNash (Pompano Beach, FL)
See All Reviews

5/1 ARM

Interest Rate
2.625%
APR
3.417%
Monthly Payment
$804
Capital One
5/1 ARM
Interest Rate
2.625%
APR
3.417%
Monthly Payment
$804
(844) 326-5399 Contact
Capital One
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 60 Days
Down Payment $50,000
Principal and Interest Payments $804
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $804
Lender Fees $3,225
Lender Credit $0
Total Closing Fees* $3,225
*Other 3rd party fees may apply
Capital One
Email Lender

About the Lender

You can expect better with Capital One. Whether you need help with refinancing, a new home purchase, debt consolidation, or financing home improvements, your idea of better likely starts with savings - we maximize your savings with competitive rates and lower than average closing costs. But savings is only the start. We also strive to provide a better loan process - one that’s totally clear right from the start, with no hidden fees or unexpected surprises along the way. You can expect better service too - you’ll have a responsive team of dedicated mortgage specialists assigned and available to you every day, each member trained to anticipate and able to take care of all your needs.
Capital One
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Lender Reviews

Eugena Carpio review

Yes, I recommend this lender

They were bery good as aloan company keep lower rates and I was very satisfied

By: EugeneCarpio (Las Vegas, NV)

Review

Yes, I recommend this lender

Experienced and knowledgeable staff.

By: Cathleen (Santa Fe, NM)

Frustrating Loan Hub Experience

I tried using this lender in late 2015. It was a terrible experience. We struggled through this from August to October. I was told that the paperwork process would be easy as Capital One Home Loans uses online technology (Loan Hub) to communicate with the customer. I was told I could upload all of our required documents via a secure site. We tried on three different occasions to upload our documents, but only some of them appeared on the website. We were told that some documents were missing, even after we received confirmation that the documents were received. The online process was not being updated by the company, so we did not know at times where we were in the refi process. The initial customer rep took my preliminary info and then I was sent to another rep who rarely answered my emails or answered with no suggestions to help us. When I told him that the site would not let us upload documents or failed to show that our documents were uploaded, he told me to contact customer service. When I called the number he provided, the customer rep did not know what I was talking about and said he was not familiar with the new Capital One Home Loans website. I truly never had a more frustrating experience and I do not like to write negative reviews, but I must state my frustration with this company. We were made to feel as though once they had our business (we were submitting all required documents) that we were nothing to them. Because this company seemed to lack customer service and someone who could take the time to explain why the electronic document process was so tedious, I had to withdrawal my request for a refi.

By: Dave (Philadelphia, PA)
See All Reviews
Consumer Direct Mortgage, a division of FirstBank
5/1 ARM
Interest Rate
2.750%
APR
3.415%
Monthly Payment
$817
(855) 997-1825 Contact
Consumer Direct Mortgage, a division of FirstBank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $817
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $817
Lender Fees $2,284
Lender Credit $0
Total Closing Fees* $2,284
*Other 3rd party fees may apply
Consumer Direct Mortgage, a division of FirstBank
Email Lender

About the Lender

At Consumer Direct Mortgage, we know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention. You are our priority and we know that superior service, delivering what was offered, coupled with the lowest overall cost is the way to keep you as a customer for life. In a lending environment where everyone is offering the same core products and programs, we know that we have to separate ourselves with an unwavering commitment to services and delivering the lowest overall total cost to close every day. Our sales and operations team is comprised of veteran Mortgage Professionals that are committed to this philosophy and understand what it takes to get the job done on time and at the agreed upon terms and conditions presented.
Consumer Direct Mortgage, a division of FirstBank
Email Lender Write a Review

Lender Reviews

Consumer Direct Mortgage review

Yes, I recommend this lender

Best financing experience ever! My compliments to three individuals in particular, Stephen Spivey, Kimberly Sourant and Magen Dwojak. I could not be more pleased with the level of professionalism and promptness displayed by these individuals and their whole team. Great Product, great interest rate and great people!

By: Rick (Eureka, MO)

Happy with my Refinance

Yes, I recommend this lender

I was in need of a mortgage refinance and went on line to Lending Tree in order to get responses from multiple mortgage companies. ConsumerDirect Mortgage was one of the respondents. They had the most competitive rates and their closing cost were better than most as well. They were an excellent team of mortgage professionals led by Bill Hutto. if I am ever in need of another mortgage in the future I will certainly contact ConsumerDirect.

By: Bryan (Conway, SC)

Easiest Mortgage Ever

Yes, I recommend this lender

I worked with Phil Blasi Nate Piccone and Kate Janousek. Phil was invaluable with all the help he gave me. He was available day or night and encouraged questions and contact. I felt like he was there for me. Nate helped to complete all the docs and make sure the package was complete before it went to closing and was also available whenever needed, day or night. Kate handled the final wrap up and closing and wrapped it up quickly. The money was available immediately after the closing papers were faxed in and my lawyer and title agent remarked that it was one of the easiest closings that they had done. All in all, it was the best mortgage experience out of the eight or more that I have done.

By: WilliamNash (Pompano Beach, FL)
See All Reviews
Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

Mortgage Rate Trends

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If you want to buy or refinance your "old Kentucky home," you've come to the right place. LendingTree lenders are ready to provide mortgage quotes and help you save money.  In Kentucky the Department of Financial Institutions regulates mortgage lenders.

Kentucky Mortgage Rates

Rates vary from state to state based on the economy of each, their different lending laws and the degree of competition among lenders who are offering rates that can attract potential borrowers in that area.

Here is a sampling of current Kentucky mortgage rates:

Buying a Home in Kentucky

In some states investing in the housing market is like putting your money on the wrong horse in the Kentucky Derby -- but not so in Kentucky. Housing prices have held up through the long stretch of the economic downturn. Home prices in Kentucky fell only two percent from their peak in the first quarter of 2009 through 2012. They are forecast to rise another one-to-two percent during the next twelve months.

Houses are generally affordable -- in Kentucky counties, between 79 and 87 percent of homes are affordable to those earning the median household income.

When you are calculating how much money you need to buy the house, do not forget to include closing costs, which in Kentucky are reasonable—only $2,381 for a $200,000 mortgage. Kentucky ranks 28th for all states and the District of Columbia.

For additional assistance buying a home in Kentucky, there are numerous state and local programs, some of which are included in the list below:

FHA Mortgages

Many LendingTree mortgage lenders offer FHA home loans with down payments as low as 3.5 percent.  While FHA limits loan amounts in most Kentucky counties to $271,050, some of the counties bordering Cincinnati, Ohio—Boone, Bracken, Campbell, Gallatin and Grant—allow FHA borrowing limits up to $337,500. And the limit for Bullitt County in the Louisville metropolitan area is $302,500.

VA Home Loans

The VA does not limit mortgage amounts under its program. However, most lenders do. In all Kentucky counties, most lenders cap 100 percent VA loans at $417,000. If you qualify for a VA home loan get multiple offers from VA lenders.