Tomo Mortgage

Compare 30-year fixed mortgage rates from 43 lenders in KY

A good rate for a primary, single-family home in for , and credit score is:

6.04% - 6.22%

Histogram showing 3 data points from 6.04% to 6.6%. Use Tab to navigate between segments, and Enter to select a bar.

6.04%6.18%6.32%6.46%6.6%

TrueRatefound 43 lenders for you

Rates updated Jan 8, 2026

Insights

Negotiate everything—rates, fees, and terms are not set in stone.

Portrait of George Robinson, TrueRate Data ScientistGeorge RobinsonTrueRate Data Scientist

Lenders with low rates in KY

TrueRate analyzed the rates lenders actually gave to buyers for the last three years and found only 2 lenders likely to get you a good deal.

LenderLender fees
Customer reviews
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Insights

Negotiate everything—rates, fees, and terms are not set in stone.

Portrait of George Robinson, TrueRate Data ScientistGeorge RobinsonTrueRate Data Scientist

Lenders with average rates in KY

You deserve better than what these 41 lenders historically provide.

Don’t let lenders pull a fast one on you

Learn how really low rates often come with hidden fees. Drag the slider to see how rates and fees are connected.

6.04% - 6.22%

Insights

TrueRate compares lenders based on their 0 points or par rate. You should use this rate when comparing lenders.
Portrait of James McTernan, Tomo Mortgage Loan AdvisorInsights by James McTernanTomo Mortgage Loan Advisor - NMLS #1112719

TrueRate report

Buying a home shouldn’t feel impossible—see what’s driving buyer stress in 2025.

What is TrueRate by Tomo Mortgage?

TrueRate is a tool for homebuyers, created by Tomo Mortgage. It uses AI and analytical models to show you what a fair mortgage rate really looks like—your “true rate”—based on your unique financial situation and real market conditions. It strips out all the bait-and-switch pricing you see all over the internet, such as rates advertised with big point fees hiding in the fine print.

Instead of giving you a one-size-fits-all estimate, TrueRate calculates what rate you should be looking for that day, using the same kinds of data that lenders themselves rely on to provide their own rate information. We’re just making it all public for the first time. You’ll be able to see whether an interest rate offered by a bank, credit union, or mortgage company is low, average, or too high—before you agree to anything.

We believe in transparency. Here’s how we crunched the numbers.

See our TrueRate methodology

30-year fixed mortgage rates today, January 8, 2026

By Will Begeny, TrueRate Editor, and George Robinson, Chief Data Scientist

Right now, a typical 30-year fixed-rate mortgage falls between 6.22% and 6.49%. But if you’re shopping for the lowest possible rate, you’re better off looking for a rate below 6.04%.

This is based on our analysis of hundreds of thousands of real loans from over one thousand different mortgage lenders. Across the U.S., there’s only a few dozen lenders that offer homebuyers a “good” rate range on a 30-year conventional home loan within this range today.

To put these numbers in perspective, let’s take a typical buyer scenario. Say you have good credit (720 FICO score), and you’re buying a single family home that you’ll live in for $450,000 with 20% down. Based on today’s interest rates for a 30-year fixed rate conventional mortgage, your monthly principal and interest on a mortgage would cost:

Row headersLender ALender BLender C
Offered rateLow rate6.685%Average rate6.791%High rate7.931%
Monthly P&I payment$2,319$2,345$2,378
Costs after 10 years$278,330$281,373$285,412
Savings after 10 years$7,081$4,039

Monthly payments reflect principal and interest only. Taxes, insurance, and other costs not included.

You may see rates that look even lower than this in online ads or on some mortgage lender websites, but you’ve got to be careful. These offers often come with hidden costs like discount points or high origination fees.

To compare rates apples-to-apples, it’s best to find an APR that’s identical (or nearly identical) to the interest rate—this is sometimes called the “par rate” on a 30-year fixed rate mortgage.

Frequently asked questions

A 30-year conventional, “conforming,” fixed-rate mortgage is the most common type of home loan in the United States. It’s popular because it offers predictable monthly payments, a long repayment term (so that homes become more affordable to more people), and flexible options for homebuyers with solid credit.

There’s a good reason this loan type is so popular. A 30-year fixed rate mortgage has:

  1. Lower monthly payments.
    Because the loan is stretched over 30 years, your monthly payments are lower than they would be with a shorter-term loan.
  2. Predictable costs.
    With a fixed interest rate, your principal and interest payments stay the same every month. That makes budgeting easier, when compared to an adjustable rate mortgage or “ARM.”
  3. No mortgage insurance with 20% down.
    If you put at least 20% down, you don’t have to pay private mortgage insurance (PMI) — which saves money. Of course, most first-time homebuyers put a lot less down—as little as 3% downpayments on a 30-year fixed.
  4. Widely available.
    Most lenders offer 30-year conventional loans. They’re available for primary homes, second homes, and even some investment properties.

It’s a mouthful. Let’s look at what each part of the name actually means:

Loan Term: 30-Year

The loan is paid back over 30 years. This longer term keeps monthly payments lower, which helps with affordability—meaning you can afford a more expensive home, which can gain more in total value over time (i.e., if property values increase at about 5% each year, you’re earning more total value on a $800,000 property than a $500,000). While you’ll pay more interest over time compared to a shorter loan, the lower payments make it a good option for most buyers.

Loan Type: Conventional

This means the loan is not part of a special government lending program, like FHA loans, VA loans (for veterans and their families), or USDA loans (for farms). Private lenders like banks, credit unions, and independent mortgage companies usually offer multiple loan types, and in many cases a homebuyer could qualify for both a FHA and a conventional loan. Deciding which is right for you is pretty nuanced, so it’s better to chat with your loan officer about tradeoffs and run the numbers on total costs for both.

Loan Category: Conforming

This means the loan meets the rules set by Fannie Mae and Freddie Mac, the two government-sponsored companies that buy most home loans from lenders. These rules include limits on:

  • Loan size (e.g., $766,550 or less in most areas in 2025); if you need a larger loan you’re in “Jumbo” loan territory
  • Borrower credit score
  • Debt-to-income ratio
  • Down payment size

If the loan meets all of these requirements, it “conforms” — and the lender can sell it to Fannie or Freddie, which lowers the risk and often results in better rates for borrowers.

Payment Type: Fixed-Rate

A fixed-rate mortgage means that you pay the same interest rate for the life of the loan. When interest rates are high, some people are drawn to adjustable-rate mortgages, which can offer a lower interest rate for the first few years, and then the rate changes over time based on market conditions. These loans are more risky—for example, if rates spike you might not be able to make your monthly payments—and that’s why most homebuyers opt for the more predictable fixed-rate mortgage.

To get this kind of mortgage, most borrowers need to meet the following basic criteria:

  • Credit score: Typically, 620 or higher
  • Down payment: As low as 3% for first-time buyers, but 5% or more is common
  • Debt-to-income ratio (DTI): Usually no more than 43–50%
  • Loan amount: Must fall under the conforming loan limit (which can vary by county)

The better your credit and the larger your down payment, the better your interest rate is likely to be.

You can get a loan with a shorter term (e.g., 15 or 20 years). You can get an Adjustable-Rate Mortgage (an ARM), which starts with a lower rate but can change over time. Or, you might qualify for a special loan program, such as an FHA loan or VA loan.

Still, the 30-year conventional conforming mortgage remains the top choice for most homebuyers.

In Kentucky, the housing market is looking pretty appealing right now

Interest rates are gradually improving as we move through 2024 and into 2025. For homebuyers, lower rates mean more affordable monthly mortgage payments—welcome news if you’re planning to settle down in the Bluegrass State.

Kentucky offers a wide range of real estate options, whether you’re interested in vibrant city life or a quieter, rural setting. Cities like Louisville and Lexington are popular for their strong communities, growing job markets, and variety of cultural activities. While these areas can be competitive, home prices remain significantly more affordable compared to many other parts of the country. And if you’re looking to stretch your budget even further, smaller towns and rural areas offer charming homes, larger lots, and a more relaxed pace of life—all surrounded by Kentucky’s signature rolling hills and horse country charm.

First-time homebuyers will also find support in Kentucky through various assistance programs. These may include help with down payments or favorable loan options, making it easier to take that first step toward homeownership.

From scenic countryside views to a rich cultural heritage and renowned bourbon distilleries, Kentucky offers a unique blend of tradition and lifestyle. Whether you’re drawn to the energy of the city or the peace of rural living, there’s something here for everyone. With improving interest rates and a variety of affordable housing options, now is a great time to begin your home search in the Bluegrass State.