Ransom, Kentucky Refinance Rates - September 2026
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Brian McKay
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Current mortgage refinance rates in Ransom, Kentucky include U.S. BankU.S. BankA5.0 ★Texas Ratio: 8.65% at 6.99%, L and N Federal Credit UnionL and N Federal Credit UnionA+5.0 ★Texas Ratio: 1.52% at 5.99%, Transcend Credit UnionTranscend Credit UnionA+5.0 ★Texas Ratio: 0.90% at 6.50%, Citizens Federal S&L AssocCitizens Federal S&L AssocA+5.0 ★Texas Ratio: 0.00% at 6.50%, and Rural Cooperatives Credit Union at 6.50%. Refinance rates as of September 15, 2026 according to verified data from MonitorBankRates.
Ransom homeowners can compare 54 refinance rates from 12 lenders serving the Kentucky area, with refinance rates as low as 5.99% from L and N Federal Credit Union. Lenders below quote one rate for purchase and refinance loans. Use the tabs below to compare available loan types, then run the break-even calculator. Rates are continually updated, so we recommend checking back frequently.
Refinance rates reflect actual verified offers from lenders actively lending to Kentucky homeowners. Your final approved rate will depend on your credit profile, loan-to-value ratio, cash-out amount, and daily market movements. Last Updated and Verified: September 15, 2026
Compare Refinance Rates Today in Ransom, Kentucky & the Surrounding Area
Rates shown are each lender’s posted rate for that loan type, which most lenders apply to purchase and refinance loans alike. Local Ransom, KY lenders are listed first in every tab. Among lenders that post both, refinance pricing currently runs about 0.091 points above the same lender’s purchase rate nationally. That premium is shown for context only; every rate in the table is the lender’s posted rate.
Ransom 30 Year Fixed Refinance Rates
Learn how these rates and APRs are calculated. Plus, see a conforming fixed-rate estimated monthly payment and APR example. Get more details.
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As Low As; Rate as low as
No additional details available.
Monthly payments are for Principal and Interest only (no escrows) on a loan amount of $300,000 and an estimated property value of $600,000. Rates provided assume the purpose of the loan is to purchase an existing single-family home to be used as a primary residence and a credit score of 740. An escrow (impound) account is required and actual monthly payments will be higher as it will also include amounts for real estate taxes and homeowner's insurance premiums. Escrow waivers may be available in some cases and additional fees will apply.
Origination Fee 1.00%
As Low As
No additional details available.
Monthly payments are for Principal and Interest only (no escrows) on a loan amount of $300,000 and an estimated property value of $600,000. Rates provided assume the purpose of the loan is to purchase an existing single-family home to be used as a primary residence and a credit score of 740. An escrow (impound) account is required and actual monthly payments will be higher as it will also include amounts for real estate taxes and homeowner's insurance premiums. Escrow waivers may be available in some cases and additional fees will apply. Conforming Rates: Available on loan amounts up to $832,750 (subject to county loan limits). Quoted rates assume the factors listed above a loan amount of $300,000 and an estimated property value of $600,000. Loan amounts between $832,750 and $1,249,125 (subject to county loan limits) are considered Conforming High-Balance Loans and are subject to additional rate adjustments. Please contact a loan officer for a rate quote on a Conforming High-Balance loan.
Monthly payments are for Principal and Interest only (no escrows) on a loan amount of $300,000 and an estimated property value of $600,000. Rates provided assume the purpose of the loan is to purchase an existing single-family home to be used as a primary residence and a credit score of 740. An escrow (impound) account is required and actual monthly payments will be higher as it will also include amounts for real estate taxes and homeowner's insurance premiums. Escrow waivers may be available in some cases and additional fees will apply.
Monthly payments are for Principal and Interest only (no escrows) on a loan amount of $300,000 and an estimated property value of $600,000. Rates provided assume the purpose of the loan is to purchase an existing single-family home to be used as a primary residence and a credit score of 740. An escrow (impound) account is required and actual monthly payments will be higher as it will also include amounts for real estate taxes and homeowner's insurance premiums. Escrow waivers may be available in some cases and additional fees will apply.
No additional details available.
No additional details available.
Points: 1.000
No additional details available.
No additional details available.
No additional details available.
Points: 0.000
Rates listed include 0.125% autopay and paperless discount. Rates are for conforming purchase loans, are effective as of 09/11/2026 3:50 PM CT and subject to change at anytime. Rates include a 0.125 percentage point reduction which requires a Citizens consumer checking account set up at time of loan origination with automatic monthly payment deduction. One offer per property. Not applicable to Bond or CRA loans. Other restrictions may apply.
No additional details available.
Ransom 15 Year Fixed Refinance Rates
Learn how these rates and APRs are calculated. Plus, see a conforming fixed-rate estimated monthly payment and APR example. Get more details.
View rates page for full disclosure details.
No additional details available.
As Low As; Rate as low as
No additional details available.
Rates listed include 0.125% autopay and paperless discount. Rates are for conforming refinance loans, are effective as of 09/11/2026 3:50 PM CT and subject to change at anytime. Rates include a 0.125 percentage point reduction which requires a Citizens consumer checking account set up at time of loan origination with automatic monthly payment deduction. One offer per property. Not applicable to Bond or CRA loans. Other restrictions may apply.
No additional details available.
No additional details available.
No additional details available.
Monthly payments are for Principal and Interest only (no escrows) on a loan amount of $300,000 and an estimated property value of $600,000. Rates provided assume the purpose of the loan is to purchase an existing single-family home to be used as a primary residence and a credit score of 740. An escrow (impound) account is required and actual monthly payments will be higher as it will also include amounts for real estate taxes and homeowner's insurance premiums. Escrow waivers may be available in some cases and additional fees will apply. Conforming Rates: Available on loan amounts up to $832,750 (subject to county loan limits). Quoted rates assume the factors listed above a loan amount of $300,000 and an estimated property value of $600,000. Loan amounts between $832,750 and $1,249,125 (subject to county loan limits) are considered Conforming High-Balance Loans and are subject to additional rate adjustments. Please contact a loan officer for a rate quote on a Conforming High-Balance loan.
Points: 1.000
Points: 0.000
No additional details available.
Ransom 5/1 ARM Refinance Rates
The adjustable rate mortgage is tied to the 10-Year CMT index. Adjustable rates cannot change more than 2% at the adjustment period and cannot adjust more than 5% over the life of the loan.
The adjustable rate mortgage is tied to the 10-Year CMT index. Adjustable rates cannot change more than 4% at the adjustment period and cannot adjust more than 6% over the life of the loan.
Owner Occupied Single Family Residence and Stand Alone Condos/Patio Homes only. Loan subject to underwriting and credit approval. Additional restrictions may apply. Minimum 3% down payment required for purchase transactions and minimum 5% equity for refinances. Closing credit up to $2,000 will be given on your Closing Disclosure settlement as a promotional credit. This includes Processing Fee, Underwriting Fee, Appraisal Fee, Credit Report, Doc Prep Fee, Employment/Income Verification, Flood Determination Fee, Tax Monitoring Fee, Closing Protection Letter Lender, Endorsement Fee, Lender's Title Policy, and Settlement Fee. Closing cost offer subject to change without notice. The principal and interest portion of your payment may be higher at the beginning of each new ARM term based on market conditions.
Index is the 1 Year CMT (Treasury) and changes daily. Rate may increase after consummation. Annual Change Cap is 2.00%. The lifetime cap is 6.00%.
No additional details available.
Ransom 30-Year Jumbo Refinance Rates
ARM rates, APRs and monthly payments are subject to increase after the initial fixed-rate period of five, seven, or 10 years and assume a 30-year term. Learn how these rates, APRs and monthly payments are calculated. Plus, see an ARM estimated monthly payment and APR example. Get more details.
No additional details available.
No additional details available.
ARM rates, APRs and monthly payments are subject to increase after the initial fixed-rate period of five, seven, or 10 years and assume a 30-year term. Learn how these rates, APRs and monthly payments are calculated. Plus, see an ARM estimated monthly payment and APR example. Get more details.
Monthly payments are for Principal and Interest only (no escrows) on a loan amount of $300,000 and an estimated property value of $600,000. Rates provided assume the purpose of the loan is to purchase an existing single-family home to be used as a primary residence and a credit score of 740. An escrow (impound) account is required and actual monthly payments will be higher as it will also include amounts for real estate taxes and homeowner's insurance premiums. Escrow waivers may be available in some cases and additional fees will apply. Jumbo Rates: Available on loan amounts over $1,249,125 (subject to county loan limits). Quoted rates assume the factors listed above a loan amount of $1,500,000 and an estimated property value of $3,000,000.
Ransom 15-Year Jumbo Refinance Rates
Monthly payments are for Principal and Interest only (no escrows) on a loan amount of $300,000 and an estimated property value of $600,000. Rates provided assume the purpose of the loan is to purchase an existing single-family home to be used as a primary residence and a credit score of 740. An escrow (impound) account is required and actual monthly payments will be higher as it will also include amounts for real estate taxes and homeowner's insurance premiums. Escrow waivers may be available in some cases and additional fees will apply. Jumbo Rates: Available on loan amounts over $1,249,125 (subject to county loan limits). Quoted rates assume the factors listed above a loan amount of $1,500,000 and an estimated property value of $3,000,000.
Ransom 5/1 Jumbo ARM Refinance Rates
ARM rates, APRs and monthly payments are subject to increase after the initial fixed-rate period of five, seven, or 10 years and assume a 30-year term. Learn how these rates, APRs and monthly payments are calculated. Plus, see an ARM estimated monthly payment and APR example. Get more details.
Ransom FHA Loan Rates
Monthly payments are for Principal and Interest only (no escrows) on a loan amount of $300,000 and an estimated property value of $600,000. Rates provided assume the purpose of the loan is to purchase an existing single-family home to be used as a primary residence and a credit score of 740. An escrow (impound) account is required and actual monthly payments will be higher as it will also include amounts for real estate taxes and homeowner's insurance premiums. Escrow waivers may be available in some cases and additional fees will apply.
No additional details available.
No additional details available.
No additional details available.
Ransom VA Loan Rates
No additional details available.
Monthly payments are for Principal and Interest only (no escrows) on a loan amount of $300,000 and an estimated property value of $600,000. Rates provided assume the purpose of the loan is to purchase an existing single-family home to be used as a primary residence and a credit score of 740. An escrow (impound) account is required and actual monthly payments will be higher as it will also include amounts for real estate taxes and homeowner's insurance premiums. Escrow waivers may be available in some cases and additional fees will apply.
No additional details available.
No additional details available.
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
National Refinance Rate Averages
Daily averages of posted rates across every lender we track, as of September 12, 2026. Use these as the benchmark for the Ransom, Kentucky quotes above; lenders that price refinances separately currently run about 0.091 points higher.
Ransom, KY Refinance Rate Trends
Compare local Ransom, KY refinance quotes against the statewide average
Daily averages of posted first-mortgage rates across our lender network, updated every evening. Because most lenders price purchase and refinance loans identically, this is the benchmark a Kentucky refinance quote should be measured against, plus roughly 0.091 points at lenders that price refinances separately.
Kentucky 30-year fixed rates rose 0.013 points over the past 7 days to 6.690%.
Kentucky 15-year fixed rates rose 0.014 points over the past 7 days to 6.232%.
What Ransom, KY Homeowners Actually Pay to Refinance
Posted refinance rates from our lender network alongside the rates borrowers closed at, from federal HMDA filings
Two different measures. The refinance premium is computed nightly from lenders that publish separate purchase and refinance pricing. HMDA figures are median note rates on loans that actually closed.
Kentucky Refinance Rate Forecast, Next 12 Months
Where are Kentucky refinance rates headed through September 2027?
Based on Fed funds rate futures, 10-year Treasury path, and historical mortgage spread model. If the forecast shows rates falling, waiting may beat refinancing today; the break-even calculator below shows what each scenario is worth. Not financial advice.
What Forecast Rates Mean for Ransom, KY Homeowners Refinancing
Monthly principal & interest on a 30-year refinance of the loan of $242,720 (80% of the city median home value). Payment differences show what waiting for the forecast rate would be worth each month.
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (KY avg) | 6.690% | $1,565 | — | 29.5% |
| 6-Month Forecast | 6.690% (6.34–6.99%) | $1,565 | +$0/mo | 29.5% |
| 12-Month Forecast | 6.940% (6.59–7.24%) | $1,605 | +$40/mo | 30.2% |
Income column = annual mortgage payment as % of Ransom, KY median household income ($63,726). Above 30% is generally considered cost-burdened.
Ransom, Kentucky Refinance Break-Even Calculator
Enter your current loan and the refinance rate you have been quoted. The calculator shows the new payment, monthly savings, and how many months it takes for those savings to pay back the closing costs. Click a current Ransom, Kentucky rate on the right to test it instantly.
Principal and interest only. Excludes escrow, mortgage insurance, and any prepayment penalty on the current loan. Lifetime interest compares the remaining interest on the current loan to total interest on the new loan. Estimates are for informational purposes only.
Run the Numbers on Your Ransom, Kentucky Refinance
The rate is only part of the decision. Use these calculators to turn current Ransom, Kentucky refinance rates into monthly savings, break-even months, and total interest before you talk to a lender.
If you already own a home, enter your current rate, remaining loan balance, and the rate you’ve been quoted to refinance. The calculator shows your new monthly payment, how much you’d save each month, and the break-even point, the number of months it takes for your savings to cover the closing costs of refinancing.
CalculateEnter your loan amount, interest rate, and term length to see your estimated monthly principal and interest payment. Adjust any variable to model different scenarios: a larger down payment, a shorter term, or a rate a quarter-point lower than what you were quoted.
CalculateIf your goal is cash rather than a lower rate, compare current Ransom, Kentucky home equity loan and HELOC rates against a cash-out refinance. Keeping a low existing first mortgage and adding a second lien is often the cheaper path, especially for loans originated between 2020 and 2022.
CompareTell us your gross income, monthly debt obligations, and how much you have for a down payment. We’ll show you the home price range you’re likely to qualify for at current Ransom, Kentucky rates, so you can shop with a realistic number in mind rather than discovering your ceiling after you’ve fallen in love with a property.
CalculateTypes of Refinance Loans Available in Ransom, Kentucky
Homeowners in Ransom, Kentucky can choose from several refinance programs. The right one depends on what you are trying to do: lower the rate, shorten the term, pull cash out, or drop mortgage insurance. Pricing, appraisal requirements, and eligibility differ across each, and the cheapest program is not always the lowest posted rate once fees are counted.
Rate-and-Term Refinance
The standard refinance. You replace your existing mortgage with a new loan for about the same balance, changing only the rate, the term, or both. It is the lowest-priced refinance product at nearly every Kentucky lender because the loan-to-value ratio does not rise.
Best for homeowners whose rate is at least half a point above today’s Ransom, Kentucky average and who plan to stay past the break-even point. Choosing a term that matches your remaining years, rather than resetting to 30, keeps the payoff date where it is.
Cash-Out Refinance
A cash-out refinance replaces your mortgage with a larger one and hands you the difference at closing. Conventional lenders cap the new loan at 80% of appraised value; VA cash-out loans go to 90%. Rates run above rate-and-term pricing.
If you hold a low rate from 2020 to 2022, a home equity loan or HELOC in Ransom, Kentucky usually costs less than refinancing the whole balance at today’s rate to pull out cash.
FHA Streamline Refinance
For homeowners already in an FHA loan. No appraisal, no income verification, and limited credit review, as long as the new loan produces a net tangible benefit (generally a rate at least 0.5% lower, or a move from an ARM to a fixed rate). You need 210 days since the first payment and six on-time payments.
The upfront mortgage insurance premium is reduced to 0.01% and annual MIP continues, so FHA borrowers with 20% equity and good credit should also price a conventional rate-and-term refinance, which drops mortgage insurance entirely.
VA IRRRL (Streamline Refinance)
The Interest Rate Reduction Refinance Loan lets veterans refinance an existing VA loan with no appraisal, no income documentation, and a funding fee of just 0.5% (waived for borrowers with a service-connected disability). Closing costs can be rolled into the loan.
The new rate must be lower than the current one unless you are moving from an ARM to a fixed rate, and you must recoup closing costs within 36 months. VA lenders in Kentucky quote IRRRL pricing separately, so ask for it by name.
USDA Streamlined-Assist Refinance
For homeowners with an existing USDA Rural Development loan. No appraisal or credit review in most cases, and the new payment must be at least $50 a month lower than the current one. The property no longer has to meet the rural eligibility map.
Twelve months of on-time payments are required, and the 1% upfront guarantee fee plus the annual fee apply to the new loan.
Jumbo Refinance
The 2026 FHFA conforming loan limit for Ransom, Kentucky is $832,750. A refinance above that amount is a jumbo loan and stays on the lender’s books or goes to private investors, so pricing and underwriting are set lender by lender.
Jumbo refinances usually require a 700 or higher credit score, reserves of six to twelve months of payments, and a loan-to-value of 80% or less. Because balances are large, even a quarter-point rate difference is worth thousands a year, so compare the 30-Year Jumbo and 15-Year Jumbo tabs above closely. If paying the balance down to the conforming limit at closing is possible, conforming refinance pricing is often noticeably better.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Ransom, Kentucky refinance rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Refinance Rate Data: We aggregate mortgage and refinance rates for Ransom, Kentucky directly from the official websites of local lenders, credit unions, and national mortgage originators using our proprietary rate aggregation technology and a dedicated team of rate updaters. Where a lender publishes a product specifically for refinancing, that product is listed by name; where a lender publishes one rate sheet for purchase and refinance loans, that rate is shown as the refinance rate, which is how the lender itself quotes it.
Refinance Premium and HMDA Figures: The refinance premium is the average difference between a lender’s refinance-labeled product and the same lender’s standard product of the same term, computed nightly across lenders that publish both. It is shown for context and is never added to any rate in the tables. HMDA figures are median note rates on first-lien, owner-occupied, one-to-four-unit loans originated in the most recent reporting year, from the Consumer Financial Protection Bureau’s public Loan/Application Register.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products in Ransom, Kentucky. We feature a comprehensive mix of licensed NMLS financial institutions, from neighborhood credit unions and competitive regional banks to large national originators available to borrowers in KY.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage and refinance rates daily. Because rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio, ensuring you compare rates from secure, reliable lenders.
How a Mortgage Refinance Works in Ransom, Kentucky
A refinance pays off your current mortgage with a new loan on the same Ransom, Kentucky home. The new lender wires the payoff to the old lender at closing, and from that point you make payments on the new loan only. Because it is a brand-new mortgage, you go through an application, credit check, and usually an appraisal, and you pay closing costs, just as you did when you bought the home.
How Ransom, Kentucky Refinance Rates Compare to Purchase Rates
Most Kentucky banks and credit unions post one rate sheet that applies to purchase and refinance loans alike, which is why the tables above show the same lenders you will find on our Ransom, Kentucky mortgage rates page. For example, U.S. Bank is listing a 30-year fixed refinance at 6.99% for either purpose. Some lenders price refinances separately and list them by name, such as U.S. Bank’s 15-year fixed refinance at 6.38%. Across lenders that post both, refinance pricing currently runs about 0.091 points above the same lender’s purchase rate nationally. Cash-out refinances, investment properties, and second homes carry pricing add-ons at every lender.
Finding Your Break-Even Point in Ransom, Kentucky
Divide total closing costs by the monthly payment savings and you get the number of months until the refinance has paid for itself. A Ransom, Kentucky homeowner who expects to sell before that month should not refinance, no matter how good the rate looks. The calculator above runs this math with today’s local rates. A shorter break-even, under three years, is a comfortable margin; anything past five years needs a long stay to pay off.
Refinance Closing Costs and No-Closing-Cost Loans in Ransom, Kentucky
Refinance closing costs in Kentucky typically run two to five percent of the loan and include the lender’s origination fee, appraisal, title search and lender’s title policy, recording fees, and prepaid interest. Discount points are optional and buy the rate down. A no-closing-cost refinance rolls the fees into a higher rate or the loan balance. It is not free, but it can be the better choice for a homeowner likely to move or refinance again within a few years, because there is nothing to recoup.
When Ransom, Kentucky Homeowners Should Wait
Refinancing rarely pays when the new rate is less than half a point below the current one, when you are more than ten years into a 30-year loan and would reset the clock, or when your credit score has dropped since the original loan. Homeowners holding a rate from 2020 to 2022 are usually better served by keeping that loan and using a home equity loan or HELOC for cash needs. Our Kentucky refinance rate trends above show where rates have been over the past 90 days, and the forecast gives a sense of where they may head, so you can decide whether to lock now or wait.
Frequently Asked Questions about Refinance Rates in Ransom, Kentucky
Are refinance rates higher than purchase mortgage rates in Kentucky?
When does refinancing make sense in Ransom, Kentucky?
How soon can I refinance a mortgage in Kentucky?
What is a rate-and-term refinance?
What is a cash-out refinance?
Does refinancing reset my 30-year term?
What are typical refinance closing costs in Kentucky?
What is the difference between interest rate and APR on a refinance?
Should I lock my refinance rate?
How do I find the best refinance lender in Ransom, Kentucky?
What are the best refinance rates in Ransom, Kentucky?
- U.S. Bank: 6.99% (30-year fixed refinance)
- L and N Federal Credit Union: 5.99% (30 YEAR MORTGAGE)
- Transcend Credit Union: 6.50% (30-year fixed home loan)
- Citizens Federal S&L Assoc: 6.50% (Mortgage Rates - 30 Year Fixed)
- Rural Cooperatives Credit Union: 6.50% (VA 30 Year Fixed - Conforming)
Ransom, Kentucky Rates & Resources
