5 Best Jumbo Loans in Kentucky

Jumbo mortgage loans in Kentucky are a great way to finance larger home purchases.

Key Terms

  • Jumbo loans offer Kentuckians higher limits than the limits on conventional loans.
  • The jumbo loan lenders we found in our research often do not require a big down payment.
  • You would need several conventional loans to get the purchasing power of a single jumbo loan.

Kentucky is a place of natural beauty, featuring vibrant cities like Louisville, rich forests and farm lands, rolling hills, stunning mountains, and lovely rivers. The state also played a key role in developing that quintessentially American art form, bluegrass. That’s why citizens of Kentucky are proud to call it The Bluegrass State. 

While Kentucky may be lovely, affording a home in the Bluegrass State is getting more and more complicated. According to the Kentucky Association of Realtors, the average sales price for a home in Kentucky is $221,000. While this is below conventional limits, Kentuckians looking to buy a new or modern single-family home could push past those limits. For this reason, many people in Kentucky are turning to jumbo loans. 

For the most recent year, the HDMA data places Kentucky 30th in the country in terms of mortgage origination activity, with a total of $1.3 billion in jumbo mortgages originated. It seems many citizens of the Bluegrass State are turning to these loans for easier financing of home purchases. 

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What is the jumbo loan limit in Kentucky?

The jumbo loan limit in Kentucky is $647,200 for all counties in the state. Any loan that exceeds $647,200 is a jumbo loan in the state of Kentucky. Any loan that is less than $647,200 is a conforming loan in the state of Kentucky.

What are conforming loan limits?

Conforming loan limits are set by the Federal Housing Finance Agency (FHFA), the government agency which oversees Fannie Mae and Freddie Mac, the two home mortgage companies that buy most of the home loans made in the U.S. from mortgage lenders and resell them to private investors.

Kentucky Jumbo Loan Limits (December 2022)

Kentucky county-by-county jumbo loan, conforming loan and FHA loan limits.

Jumbo loan
loan limit
FHA loan limit
Adair$647,200+$647,200 $420,680
Allen$647,200+$647,200 $420,680
Anderson$647,200+$647,200 $420,680
Ballard$647,200+$647,200 $420,680
Barren$647,200+$647,200 $420,680
Bath$647,200+$647,200 $420,680
Bell$647,200+$647,200 $420,680
Boone$647,200+$647,200 $420,680
Bourbon$647,200+$647,200 $420,680
Boyd$647,200+$647,200 $420,680
Boyle$647,200+$647,200 $420,680
Bracken$647,200+$647,200 $420,680
Breathitt$647,200+$647,200 $420,680
Breckinridge$647,200+$647,200 $420,680
Bullitt$647,200+$647,200 $420,680
Butler$647,200+$647,200 $420,680
Caldwell$647,200+$647,200 $420,680
Calloway$647,200+$647,200 $420,680
Campbell$647,200+$647,200 $420,680
Carlisle$647,200+$647,200 $420,680
Carroll$647,200+$647,200 $420,680
Carter$647,200+$647,200 $420,680
Casey$647,200+$647,200 $420,680
Christian$647,200+$647,200 $420,680
Clark$647,200+$647,200 $420,680
Clay$647,200+$647,200 $420,680
Clinton$647,200+$647,200 $420,680
Crittenden$647,200+$647,200 $420,680
Cumberland$647,200+$647,200 $420,680
Daviess$647,200+$647,200 $420,680
Edmonson$647,200+$647,200 $420,680
Elliott$647,200+$647,200 $420,680
Estill$647,200+$647,200 $420,680
Fayette$647,200+$647,200 $420,680
Fleming$647,200+$647,200 $420,680
Floyd$647,200+$647,200 $420,680
Franklin$647,200+$647,200 $420,680
Fulton$647,200+$647,200 $420,680
Gallatin$647,200+$647,200 $420,680
Garrard$647,200+$647,200 $420,680
Grant$647,200+$647,200 $420,680
Graves$647,200+$647,200 $420,680
Grayson$647,200+$647,200 $420,680
Green$647,200+$647,200 $420,680
Greenup$647,200+$647,200 $420,680
Hancock$647,200+$647,200 $420,680
Hardin$647,200+$647,200 $420,680
Harlan$647,200+$647,200 $420,680
Harrison$647,200+$647,200 $420,680
Hart$647,200+$647,200 $420,680
Henderson$647,200+$647,200 $420,680
Henry$647,200+$647,200 $420,680
Hickman$647,200+$647,200 $420,680
Hopkins$647,200+$647,200 $420,680
Jackson$647,200+$647,200 $420,680
Jefferson$647,200+$647,200 $420,680
Jessamine$647,200+$647,200 $420,680
Johnson$647,200+$647,200 $420,680
Kenton$647,200+$647,200 $420,680
Knott$647,200+$647,200 $420,680
Knox$647,200+$647,200 $420,680
Larue$647,200+$647,200 $420,680
Laurel$647,200+$647,200 $420,680
Lawrence$647,200+$647,200 $420,680
Lee$647,200+$647,200 $420,680
Leslie$647,200+$647,200 $420,680
Letcher$647,200+$647,200 $420,680
Lewis$647,200+$647,200 $420,680
Lincoln$647,200+$647,200 $420,680
Livingston$647,200+$647,200 $420,680
Logan$647,200+$647,200 $420,680
Lyon$647,200+$647,200 $420,680
Mccracken$647,200+$647,200 $420,680
Mccreary$647,200+$647,200 $420,680
Mclean$647,200+$647,200 $420,680
Madison$647,200+$647,200 $420,680
Magoffin$647,200+$647,200 $420,680
Marion$647,200+$647,200 $420,680
Marshall$647,200+$647,200 $420,680
Martin$647,200+$647,200 $420,680
Mason$647,200+$647,200 $420,680
Meade$647,200+$647,200 $420,680
Menifee$647,200+$647,200 $420,680
Mercer$647,200+$647,200 $420,680
Metcalfe$647,200+$647,200 $420,680
Monroe$647,200+$647,200 $420,680
Montgomery$647,200+$647,200 $420,680
Morgan$647,200+$647,200 $420,680
Muhlenberg$647,200+$647,200 $420,680
Nelson$647,200+$647,200 $420,680
Nicholas$647,200+$647,200 $420,680
Ohio$647,200+$647,200 $420,680
Oldham$647,200+$647,200 $420,680
Owen$647,200+$647,200 $420,680
Owsley$647,200+$647,200 $420,680
Pendleton$647,200+$647,200 $420,680
Perry$647,200+$647,200 $420,680
Pike$647,200+$647,200 $420,680
Powell$647,200+$647,200 $420,680
Pulaski$647,200+$647,200 $420,680
Robertson$647,200+$647,200 $420,680
Rockcastle$647,200+$647,200 $420,680
Rowan$647,200+$647,200 $420,680
Russell$647,200+$647,200 $420,680
Scott$647,200+$647,200 $420,680
Shelby$647,200+$647,200 $420,680
Simpson$647,200+$647,200 $420,680
Spencer$647,200+$647,200 $420,680
Taylor$647,200+$647,200 $420,680
Todd$647,200+$647,200 $420,680
Trigg$647,200+$647,200 $420,680
Trimble$647,200+$647,200 $420,680
Union$647,200+$647,200 $420,680
Warren$647,200+$647,200 $420,680
Washington$647,200+$647,200 $420,680
Wayne$647,200+$647,200 $420,680
Webster$647,200+$647,200 $420,680
Whitley$647,200+$647,200 $420,680
Wolfe$647,200+$647,200 $420,680
Woodford$647,200+$647,200 $420,680

Get Quotes for Your Jumbo Loan

5 Top Kentucky jumbo loan lenders

If you’re ready to learn more about the best jumbo mortgage lenders in Kentucky, here are the top options we’ve found through our research.

1. Flagstar Bank

Flagstar Bank has a jumbo product in all 50 states, making it a popular choice among many people looking for higher mortgage amounts. If you’re considering a jumbo mortgage, you’ll want to compare Flagstar’s rates as part of your analysis.

We reached out to a loan officer at Flagstar Bank to get details on their jumbo mortgage. Here are the highlights:

  • Loan amounts up to $3 million on primary residences
  • Loan amounts up to $2.5 million on second homes
  • Purchase and rate/term refinance options available on primary residences and second homes
  • No prepayment penalties
  • First-time homebuyers permitted
  • No mortgage insurance premiums
  • Cash-out options available on primary residence

When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.

2. BMO Harris Bank

BMO Harris Bank is an established mortgage lending player in the real estate industry that ranks 16th largest by total assets in the country. The bank offers a full range of financial products, including jumbo loans.

We spoke to a BMO Harris loan officer to get additional details about their jumbo mortgage rates, many of which aren’t published. Here are some key terms and highlights:

  • 10% down to $1 million (740+ credit score)
  • 15% down to $1.5 million (720+ credit score)
  • 20% down to $2 million (700+ credit score)
  • 25% down to $3 million (700+ credit score)
  • 30% down to $5 million (700+ credit score)
  • 45% down over $5 million (700+ credit score)
  • 30/20/15/10 year fixed
  • 5/6, 7/6, and 10/6 ARMs
  • All 50 states
  • 12 months reserves

When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.

3. Huntington Bank

Huntington Bank is the 26th largest bank in the United States. Operating primarily out of the Midwest, their mortgage group can service a large part of the country. Huntington has a competitive jumbo loan product with no money down financing options.

We contacted a loan officer at Huntington Bank to gather information about their jumbo loan rates and here’s what we heard back:

  • Loan amounts up to $2.5 million
  • Purchase and refinance available
  • Refinancing allows you to take up to $750,000 of equity out of your home.
  • Second homes are eligible
  • Multi-unit properties are eligible

When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.

4. Regions Bank

Regions Bank is headquartered in Alabama but operates in 16 states across the country and is on the Fortune 500 list. Founded in 1971, the bank offers a full range of financial products, including a jumbo loan.

We contacted Regions Bank to get additional details about the jumbo loan process. Here are some key terms and highlights:

  • Fixed rate and adjustable rate mortgages available
  • ARM loans are normally fixed for 3-5 years and then adjust annually
  • Lower down payment requirements or lower closing costs available for first-time home buyers who meet eligibility

When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.

5. Fifth Third Bank

Fifth Third Bank is headquartered in Cincinnati, Ohio and is one of the largest consumer banks in the country. The bank’s unique name came from a 1909 merger between Third National Bank and Fifth National Bank. The bank offers a full suite of financial products, including jumbo mortgages.

We contacted Fifth Third Bank to learn about their jumbo loan mortgage specifically. Here are the important details:

  • Loans up to $3 million
  • Minimum credit score is 680
  • Fixed rate and variable rate loans available
  • Cash reserves required
  • Jumbo loans are more likely to require a downpayment of 20%, though you may be able to go as low as 10%

When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.

How jumbo loans are different from other loans in Kentucky

Jumbo loans are different from other loans in Kentucky in many ways. The main difference is that they offer such high limits. What does this mean? It means that if you are looking for a home that is over $647,200, a jumbo loan has got you covered, most likely. 

Jumbo loans also differ from conventional loans in terms of their requirements. You will need good credit to get one of these mortgages. Some government-backed loans will let borrowers with scores as low as 580 take out mortgages. Finally, these loans can come with higher interest rates than those on some other mortgages. 

Does a Kentucky jumbo loan make sense for you?

Qualifying for a Kentucky jumbo loan can take some time. That’s because the financial institution has to dot their i’s and cross their t’s, since they get a lot of risk exposure with these big loans. 

If you are willing to do the work, however, a jumbo loan can be an easier way to finance, overall. You won’t need to take out several mortgages, for one. This can ding your credit and can be a complicated financial situation to navigate. If you have good credit and are willing to go through some due diligence with your lender, you may find that a jumbo loan turns out to be the best and easiest fit for you when it comes to financing a home. 

If you’re looking to explore jumbo mortgage loans in other states, check out our national overview of jumbo loans as a starting point in your search.

Find a Jumbo Loan Specialist

Joshua Holt

Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.

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