Current Mortgage Rates in Lexington, KY

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Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Fixed	6.875%	7.697%	1.898	$2,958
VA 30-Year Fixed	6.750%	7.140%	1.848	$2,917
Conventional 15-Year Fixed	6.625%	7.088%	2.061	$3,691
Conventional 30-Year Fixed	7.125%	7.433%	2.188	$2,977
Jumbo 30-Year Fixed	7.125%	7.347%	2.050	$7,647

Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Refinance	7.000%	7.862%	2.415	$2,988
VA 30-Year Refinance	7.000%	7.290%	2.323	$2,959
Conventional 15-Year Refinance	6.875%	7.362%	2.359	$3,740
Conventional 30-Year Refinance	7.375%	7.676%	2.298	$3,036
Jumbo 30-Year Refinance	7.250%	7.502%	2.250	$7,728

Loan Type	Rate	APR	Points	Est. Monthly Payment

FHA 30-Year Fixed: Interest rate offered based on $356,125 loan amount with 7.697% APR and $2,958 monthly payment at 70% loan-to-value (LTV) and 1.898 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.

VA 30-Year Fixed: Interest rate offered based on $354,375 loan amount with 7.140% APR and $2,917 monthly payment at 70% loan-to-value (LTV) and 1.848 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.

Conventional 15-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.088% APR and $3,691 monthly payment at 70% loan-to-value (LTV) and 2.061 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.

Conventional 30-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.433% APR and $2,977 monthly payment at 70% loan-to-value (LTV) and 2.188 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.

Jumbo 30-Year Fixed: Interest rate offered based on $950,001 loan amount with 7.347% APR and $7,647 monthly payment at 70% loan-to-value (LTV) and 2.050 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.

Estimated property taxes are based on a 0.88% effective rate for Fayette County, Kentucky, applied to the property value for each scenario shown. Rate is median real estate tax paid by households with a mortgage divided by median home value, per the American Community Survey 2020–2024. Taxes shown are an estimate only and vary by property.

Estimated homeowners insurance is based on an average annual premium of $3,028 for Lexington, KY, divided by twelve. That average covers existing homes of all values in the area, not the property value shown. Insurance shown is an estimate only and varies by property, coverage and carrier.

FHA 30-Year Refinance: Interest rate offered based on $356,125 loan amount with 7.862% APR and $2,988 monthly payment at 70% loan-to-value (LTV) and 2.415 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.

VA 30-Year Refinance: Interest rate offered based on $351,750 loan amount with 7.290% APR and $2,959 monthly payment at 70% loan-to-value (LTV) and 2.323 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.

Conventional 15-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.362% APR and $3,740 monthly payment at 70% loan-to-value (LTV) and 2.359 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.

Conventional 30-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.676% APR and $3,036 monthly payment at 70% loan-to-value (LTV) and 2.298 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.

Jumbo 30-Year Refinance: Interest rate offered based on $950,001 loan amount with 7.502% APR and $7,728 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.

Estimated monthly payment includes principal, interest, estimated Lexington, KY property taxes, and estimated homeowners insurance.

Lexington housing market at a glance

September 2026 data

In Lexington, homes are selling in about 39 days (4 slower than a year ago), sales are up 11.6% from last year, and about 22% of listings have had a price cut.

Median sale price

$398,000

$200 per sq. ft.

Homes sold

1,290

▲ 11.6% vs. 1,156 last year

Days on market

vs. 35 days last year

Homes for sale

1,294

97 new listings

Listings with a price cut

22%

280 of 1,294 listings

Source: Movoto Lexington, KY market trends, September 2026. Last updated October 5, 2026.

What it costs to buy a home in Lexington

Monthly payments on Lexington's median home price of $398,000 (September 2026), at today's rates.

20% down · Conventional

$2,689/mo

Down payment: $79,600
Loan amount: $318,400
Rate: 7.125%
Principal & interest: $2,145
Est. property tax: $292
Est. homeowners insurance: $252

5% down · Conventional

$3,092/mo

Down payment: $19,900
Loan amount: $378,100
Rate: 7.125%
Principal & interest: $2,547
Est. property tax: $292
Est. homeowners insurance: $252

3.5% down · FHA

$3,111/mo

Down payment: $13,930
Loan amount: $390,791
Rate: 6.875%
Principal & interest: $2,567
Est. property tax: $292
Est. homeowners insurance: $252

Payments include principal, interest, estimated Lexington property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues. The FHA loan amount includes the 1.75% upfront mortgage insurance premium. These are examples based on the median price, not the sample loan used in the rate table above.

How much income do you need to buy a home in Lexington?

A common lender guideline is to keep your total housing payment (principal, interest, estimated Lexington property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for Lexington's $398,000 median home:

20% down · Conventional$2,689/mo payment $115,257/yrabout $9,605/mo before taxes

5% down · Conventional$3,092/mo payment $132,494/yrabout $11,041/mo before taxes

3.5% down · FHA$3,111/mo payment $133,347/yrabout $11,112/mo before taxes

Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.

What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.

Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.

How rates change your payment

Principal and interest on a $318,400 loan (the Lexington median price with 20% down). Every 0.25% is worth about $53/mo.

Rate	6.13%	6.38%	6.63%	6.88%	7.13% today	7.38%
Monthly P&I	$1,935	$1,986	$2,039	$2,092	$2,145	$2,199

Ways to make a Lexington home more affordable

Negotiate on price. About 22% of Lexington listings have had a price cut, so many sellers are open to offers.
Ask for seller concessions. Homes take 39 days to sell, 4 more than last year. Sellers may cover closing costs or pay for a rate buydown.
Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $106 a month.
Compare loan types. FHA rates are at 6.875% vs. 7.125% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.

Lexington mortgage and home buying FAQs

What are mortgage rates in Lexington today?

As of October 9, 2026, Lower’s 30-year fixed conventional rate in Lexington is 7.125% (7.433% APR), and the 30-year FHA rate is 6.875% (7.697% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.

What is the monthly payment on a median-priced home in Lexington?

On Lexington’s $398,000 median home price (September 2026), a 30-year conventional loan with 20% down at 7.125% comes to about $2,689 a month, including principal, interest, estimated Lexington property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $3,111 a month before monthly mortgage insurance.

How much income do I need to buy a house in Lexington?

To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $115,257 a year to buy Lexington’s $398,000 median home with 20% down, or about $133,347 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.

How much do I need for a down payment in Lexington?

On the $398,000 median home, 20% down is $79,600, 5% down is $19,900, and the FHA minimum of 3.5% is $13,930. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.

Is it a buyer’s or seller’s market in Lexington right now?

In September 2026, Lexington homes sold in about 39 days, 4 days slower than a year earlier. 1290 homes sold, up from 1156 the year before, and about 22% of the 1294 homes for sale have had a price cut. Slower sales and frequent price cuts generally give buyers more room to negotiate than a year ago.

How much does a quarter-point rate change affect payments in Lexington?

On a $318,400 loan (the median Lexington home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $53 a month, or about $642 a year.

How much are property taxes in Lexington?

Lower estimates Lexington property taxes at about 0.88% of a home’s value per year. On the $398,000 median home, that’s roughly $3,502 a year, or $292 a month. Your actual bill depends on your assessed value and any exemptions.

Market data: Movoto, September 2026. Homeowners insurance estimates are based on average annual premiums in Lexington from The Zebra; your quote will vary. Rates as of October 9, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

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Lexington, KY Mortgage Rates Today