Community Trust Bank Mortgage Rates, Fees & Info

Pikeville, KY

LEI: 254900MQ4O1DX3N88207

Tax ID: 61-0309037

5 stars - Updated: 6/23/24 - out of 5 stars, based on 48 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Community Trust Bank is a smaller bank specializing in Home Purchase loans. Community Trust Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lexington, Louisville, Knoxville, London, and Richmond among others. We have data for 54 markets. (Some data included below & more in-depth data is available with an active subscription.)

Community Trust Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Community Trust Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 6/23/24
30 Year Conventional Purchase 6.99% 6/23/24
30 Year Conventional Refi 6.96% 6/23/24
30 Year Cash-out Refi 6.66% 6/23/24
15 Year Conventional Purchase 6.54% 6/23/24
15 Year Conventional Refi 6.37% 6/23/24
15 Year Cash-out Refi 6.37% 6/23/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Community Trust Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Community Trust Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,257

Origination Dollar Volume (All Markets)

$431,675,000
Show all (18) awards

Relative Rate

Community Trust Bank's average 30 year fixed mortgage rate was 6.3%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.18%.

Relative Fees (Closing Costs)

Community Trust Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,352.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 879 $119,785,000 $136,274 $2,050 7.41%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 304 $82,280,000 $270,658 $2,343 7.49%
LOUISVILLE, KY (FHA|USDA|VA) 24 $47,220,000 $1,967,500 $2,733 7.14%
KNOXVILLE, TN (FHA|USDA|VA) 118 $34,140,000 $289,322 $2,792 7.03%
London, KY (FHA|USDA|VA) 239 $31,795,000 $133,033 $2,447 7.48%
Richmond-Berea, KY (FHA|USDA|VA) 80 $14,810,000 $185,125 $2,218 7.30%
Campbellsville, KY (FHA|USDA|VA) 126 $13,870,000 $110,079 $2,077 7.95%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 125 $13,165,000 $105,320 $2,172 7.42%
Frankfort, KY (FHA|USDA|VA) 54 $10,190,000 $188,704 $2,205 7.40%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 29 $9,645,000 $332,586 $2,941 6.90%
Somerset, KY (FHA|USDA|VA) 55 $8,255,000 $150,091 $2,251 7.38%
Mount Sterling, KY (FHA|USDA|VA) 59 $7,025,000 $119,068 $1,724 7.74%
Sevierville, TN (FHA|USDA|VA) 5 $6,375,000 $1,275,000 $2,727 7.33%
MORRISTOWN, TN (FHA|USDA|VA) 17 $5,445,000 $320,294 $3,597 6.77%
Danville, KY (FHA|USDA|VA) 28 $2,790,000 $99,643 $2,155 7.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $2,480,000 $1,240,000 $0 6.25%
Middlesborough, KY (FHA|USDA|VA) 27 $2,425,000 $89,815 $1,632 7.48%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 5 $2,335,000 $467,000 $13,032 7.53%
CHARLESTON, WV (FHA|USDA|VA) 19 $1,905,000 $100,263 $2,393 8.05%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,470,000 $735,000 $6,129 6.56%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,325,000 $441,667 $4,398 6.38%
Big Stone Gap, VA (FHA|USDA|VA) 2 $1,220,000 $610,000 $4,302 8.44%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $1,155,000 $1,155,000 $2,331 6.88%
BOWLING GREEN, KY (FHA|USDA|VA) 4 $990,000 $247,500 $2,807 6.38%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $955,000 $318,333 $7,711 6.29%
JOHNSON CITY, TN (FHA|USDA|VA) 2 $880,000 $440,000 $5,784 6.00%
Georgetown, SC (FHA|USDA|VA) 2 $730,000 $365,000 $0 7.38%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $725,000 $241,667 $2,323 6.21%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $675,000 $675,000 $3,092 7.50%
BECKLEY, WV (FHA|USDA|VA) 4 $560,000 $140,000 $3,750 9.03%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $540,000 $270,000 $3,433 7.69%
Maysville, KY (FHA|USDA|VA) 5 $515,000 $103,000 $1,938 7.88%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $505,000 $505,000 $0 8.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $355,000 $355,000 $0 7.50%
Bardstown, KY (FHA|USDA|VA) 3 $265,000 $88,333 $1,978 7.25%
SAGINAW, MI (FHA|USDA|VA) 1 $245,000 $245,000 $2,638 6.13%
Glasgow, KY (FHA|USDA|VA) 3 $235,000 $78,333 $2,017 7.63%
MONTGOMERY, AL (FHA|USDA|VA) 1 $215,000 $215,000 $5,807 5.00%
Portsmouth, OH (FHA|USDA|VA) 1 $215,000 $215,000 $0 7.50%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $205,000 $205,000 $2,818 5.88%
Fairmont, WV (FHA|USDA|VA) 2 $200,000 $100,000 $0 7.88%
Cookeville, TN (FHA|USDA|VA) 2 $200,000 $100,000 $2,418 7.56%
Cambridge, OH (FHA|USDA|VA) 1 $175,000 $175,000 $3,283 7.00%
Jackson, OH (FHA|USDA|VA) 1 $155,000 $155,000 $1,253 5.88%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $155,000 $155,000 $5,404 6.38%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $135,000 $135,000 $2,325 6.00%
LYNCHBURG, VA (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.75%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.75%
Greeneville, TN (FHA|USDA|VA) 1 $105,000 $105,000 $1,734 5.75%
PANAMA CITY, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,309 5.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.50%
Richmond, IN (FHA|USDA|VA) 1 $95,000 $95,000 $1,561 6.13%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.00%
Mount Gay-Shamrock, WV (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.75%
Community Trust Bank's top markets include Lexington, Louisville, Knoxville, London, and Richmond among others.

Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Community Trust Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Huntington Federal Savings Bank
    Similarity Rank: 15
    Commercial Bank
    Similarity Rank: 32
    CONSUMER Credit Union
    Similarity Rank: 48
    SouthEast Bank
    Similarity Rank: 68
    DESCO
    Similarity Rank: 108
    The Ohio Valley Bank Company
    Similarity Rank: 120
    ENRICHMENT
    Similarity Rank: 230
    The Peoples Bank
    Similarity Rank: 270

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,276 $349,910,000 $274,224 $2,311 6.51%
    HELOC 981 $81,765,000 $83,349 n/a 8.63%

    For 2023, Community Trust Bank's most frequently originated type of loan was Conventional, with 1,276 originations. Their 2nd most popular type was HELOC, with 981 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 993 $296,445,000 $298,535 $2,436 6.54%
    Home Improvement 466 $34,790,000 $74,657 $1,541 8.45%
    Refi 421 $70,155,000 $166,639 $1,973 7.42%
    Other 364 $28,450,000 $78,159 $1,643 8.60%
    Cash Out Refi 13 $1,835,000 $141,154 $3,335 6.44%

    For 2023, Community Trust Bank's most frequently cited loan purpose was Home Purchase, with 993 originations. The 2nd most popular reason was Home Improvement, with 466 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 1,138 $102,340,000 $89,930 $1,993 8.37%
    30 Year 521 $160,215,000 $307,514 $2,352 6.30%
    30+ year 322 $96,760,000 $300,497 $2,524 6.04%
    Other 103 $35,635,000 $345,971 $1,760 7.08%
    15 Year 103 $13,425,000 $130,340 $2,041 7.32%
    10 Year 35 $2,045,000 $58,429 $1,458 7.10%
    1 Year 22 $3,870,000 $175,909 $0 8.23%
    5 Year 9 $925,000 $102,778 $979 7.49%
    3 Year 4 $16,460,000 $4,115,000 $0 7.56%

    For 2023, Community Trust Bank's most frequently cited loan duration was 20 Year, with 1,138 originations. The 2nd most popular length was 30 Year, with 521 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 962 $220,510,000 $229,220
    $1k-2k 35 $4,385,000 $125,286
    $2k-3k 19 $2,575,000 $135,526
    $3k-4k 13 $3,155,000 $242,692
    $5k+ 12 $6,030,000 $502,500
    $4k-5k 6 $1,310,000 $218,333

    Community Trust Bank's average total fees were $2,352, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 962 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 844 $71,540,000 $84,763
    5-6% 496 $111,630,000 $225,060
    6-7% 475 $120,665,000 $254,032
    7-8% 424 $122,860,000 $289,764
    4-5% 18 $4,980,000 $276,667

    During 2023, Community Trust Bank's average interest rate for loans was 6.30%, while their most frequently originated rate bucket for loans was Over 8%, with 844 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,110 $57,330,000 $51,649 $1,611 8.07%
    $100k-200k 568 $80,650,000 $141,989 $2,043 7.00%
    $200k-400k 389 $106,075,000 $272,686 $2,662 6.61%
    $400k-600k 109 $52,135,000 $478,303 $2,966 6.60%
    $600k-1MM 58 $40,260,000 $694,138 $3,880 6.52%
    $1MM+ 23 $95,225,000 $4,140,217 $6,412 6.92%

    2023 saw Community Trust Bank place emphasis on $100,000 or less loans with 1,110 originations, totaling $57,330,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 453 $73,975,000 $163,300 $2,408 7.27%
    $50k-75k 451 $45,015,000 $99,812 $2,082 7.49%
    $50k or less 424 $31,590,000 $74,505 $1,739 7.53%
    $75k-100k 349 $44,935,000 $128,754 $2,126 7.46%
    $150k-250k 246 $59,590,000 $242,236 $2,654 7.41%
    $250k+ 162 $70,610,000 $435,864 $3,577 7.16%

    Community Trust Bank lent most frequently to those with incomes in the $100k-150k range, with 453 originations. The second most popular income band? $50k-75k, with 451 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 496 $57,410,000 $115,746 $2,259 7.53%
    30-36% 394 $57,830,000 $146,777 $2,126 7.36%
    <20% 246 $30,480,000 $123,902 $2,193 7.82%
    50-60% 123 $30,105,000 $244,756 $2,969 6.83%
    42% 88 $14,560,000 $165,455 $2,331 7.56%
    39% 74 $11,320,000 $152,973 $1,930 7.35%
    36% 68 $11,050,000 $162,500 $2,966 7.18%
    >60% 68 $22,720,000 $334,118 $2,251 6.62%
    38% 67 $10,055,000 $150,075 $2,198 7.58%
    37% 67 $10,455,000 $156,045 $2,445 7.26%
    40% 65 $10,665,000 $164,077 $2,461 7.48%
    41% 59 $10,245,000 $173,644 $2,312 7.16%
    43% 37 $6,175,000 $166,892 $2,105 7.54%
    45% 35 $9,955,000 $284,429 $2,671 7.26%
    44% 30 $5,260,000 $175,333 $2,032 7.07%
    47% 28 $4,790,000 $171,071 $2,115 7.12%
    46% 25 $4,565,000 $182,600 $2,074 7.14%
    49% 23 $4,205,000 $182,826 $2,205 6.95%
    48% 19 $3,925,000 $206,579 $2,281 7.24%

    Community Trust Bank lent most frequently to those with DTI ratios of 20-30%, with 496 originations. The next most common DTI ratio? 30-36%, with 394 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,993 $308,915,000 $155,000 $2,270 7.45%
    Not applicable 143 $99,635,000 $696,748 $0 7.61%
    Not provided 73 $14,855,000 $203,493 $2,948 6.80%
    Black 28 $4,380,000 $156,429 $2,145 7.02%
    Asian 12 $2,130,000 $177,500 $2,026 7.71%
    American Indian 3 $815,000 $271,667 $1,896 6.29%
    Asian Indian 3 $725,000 $241,667 $6,649 4.67%
    Other Asian 1 $205,000 $205,000 $2,317 6.00%
    Other Pacific Islander 1 $15,000 $15,000 $0 9.75%

    Approval Rates

    Total approvals of all applications
    85.64%

    Community Trust Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.79%

    Community Trust Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,257 $431,675,000 $191,261

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,257 $431,675,000 $191,261

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 450 $56,940,000 $126,533 $1,783 8.19%
    40-60% 288 $43,410,000 $150,729 $2,130 7.20%
    60-80% 482 $153,110,000 $317,656 $2,411 6.81%
    80-100% 594 $157,520,000 $265,185 $2,445 6.60%
    Over 100% 5 $1,015,000 $203,000 $1,908 6.63%
    Under 20% 435 $19,255,000 $44,264 $1,297 8.61%