Union County Conventional Mortgage Calculator

In Union County, the 31.63% average down payment on a Conventional loan significantly exceeds the 20% threshold, meaning most buyers immediately avoid Private Mortgage Insurance (PMI). With a median Loan-to-Value (LTV) ratio of 68.37%, these borrowers hold substantial equity from day one, reducing risk. The 0.80% effective property tax rate, adjusted upward by 4.8% for inflation, adds roughly $154 monthly on the $230,842 average value. This data, reflecting 100% owner-occupied purchases, confirms that a Conventional loan with taxes in Union County, KY typically favors buyers with strong credit and sizable savings, while those using a Conventional mortgage with PMI and taxes in Union County, Kentucky would only need PMI until building 20% equity.