Community Trust Bank Mortgage Rates, Fees & Info

Pikeville, KY

LEI: 254900MQ4O1DX3N88207

Tax ID: 61-0309037

5 stars - out of 5 stars, based on 50 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Community Trust Bank is a smaller bank specializing in Home Purchase and Refi loans. Community Trust Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lexington, Knoxville, London, Richmond, and Cincinnati among others. We have data for 48 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 about average 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% 3/24/23
    30 Year Conventional Purchase 6.99% 3/24/23
    30 Year Conventional Refi 6.96% 3/24/23
    30 Year Cash-out Refi 6.66% 3/24/23
    15 Year Conventional Purchase 6.54% 3/24/23
    15 Year Conventional Refi 6.37% 3/24/23
    15 Year Cash-out Refi 6.37% 3/24/23
    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.


    Originations

    2,527

    Origination Dollar Volume (All Markets)

    $419,515,000
    Show all (17) awards

    Relative Rate

    Community Trust Bank's average 30 year fixed mortgage rate was 5.03%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.27%.

    Relative Fees (Closing Costs)

    Community Trust Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,306.

    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 $4,750.

    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 975 $110,705,000 $113,544 $2,006 5.12%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 369 $84,135,000 $228,008 $2,222 5.08%
    KNOXVILLE, TN (FHA|USDA|VA) 141 $41,395,000 $293,582 $2,438 5.00%
    London, KY (FHA|USDA|VA) 241 $30,765,000 $127,656 $2,103 5.05%
    Richmond-Berea, KY (FHA|USDA|VA) 119 $24,445,000 $205,420 $2,238 5.13%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 31 $21,985,000 $709,194 $2,047 4.95%
    Campbellsville, KY (FHA|USDA|VA) 147 $19,115,000 $130,034 $2,621 5.24%
    Frankfort, KY (FHA|USDA|VA) 87 $14,215,000 $163,391 $2,338 5.18%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 113 $12,245,000 $108,363 $2,059 5.18%
    MORRISTOWN, TN (FHA|USDA|VA) 29 $10,255,000 $353,621 $2,709 4.84%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 18 $8,640,000 $480,000 $2,846 5.05%
    Mount Sterling, KY (FHA|USDA|VA) 58 $6,160,000 $106,207 $1,779 5.10%
    Somerset, KY (FHA|USDA|VA) 48 $5,460,000 $113,750 $1,982 5.01%
    Danville, KY (FHA|USDA|VA) 46 $5,250,000 $114,130 $1,793 4.88%
    Sevierville, TN (FHA|USDA|VA) 9 $4,635,000 $515,000 $2,770 4.93%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $2,180,000 $1,090,000 $4,323 5.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $2,010,000 $1,005,000 $6,729 5.00%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 4 $1,990,000 $497,500 $3,989 5.25%
    Middlesborough, KY (FHA|USDA|VA) 21 $1,565,000 $74,524 $2,142 5.14%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,525,000 $508,333 $7,413 5.13%
    Maysville, KY (FHA|USDA|VA) 9 $1,135,000 $126,111 $2,880 5.47%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $830,000 $415,000 $0 5.50%
    Glasgow, KY (FHA|USDA|VA) 4 $700,000 $175,000 $1,768 4.03%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $645,000 $645,000 $13,755 4.38%
    Portsmouth, OH (FHA|USDA|VA) 3 $635,000 $211,667 $2,609 4.79%
    Mount Gay-Shamrock, WV (FHA|USDA|VA) 6 $560,000 $93,333 $1,856 5.35%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $545,000 $181,667 $3,659 4.29%
    CHARLESTON, WV (FHA|USDA|VA) 7 $545,000 $77,857 $1,852 6.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $510,000 $255,000 $3,134 5.56%
    Big Stone Gap, VA (FHA|USDA|VA) 3 $495,000 $165,000 $1,607 5.50%
    BOWLING GREEN, KY (FHA|USDA|VA) 3 $455,000 $151,667 $2,640 4.58%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $415,000 $415,000 $2,080 4.75%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $405,000 $405,000 $8,270 4.50%
    MUNCIE, IN (FHA|USDA|VA) 2 $380,000 $190,000 $6,667 6.13%
    Cookeville, TN (FHA|USDA|VA) 1 $305,000 $305,000 $0 6.75%
    Bardstown, KY (FHA|USDA|VA) 3 $305,000 $101,667 $1,620 4.42%
    Albertville, AL (FHA|USDA|VA) 1 $295,000 $295,000 $2,911 6.38%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $265,000 $265,000 $4,357 5.38%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $245,000 $245,000 $1,697 3.13%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $2,520 6.50%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.50%
    BECKLEY, WV (FHA|USDA|VA) 2 $200,000 $100,000 $2,027 4.25%
    Athens, OH (FHA|USDA|VA) 1 $155,000 $155,000 $1,640 5.50%
    Morehead City, NC (FHA|USDA|VA) 1 $115,000 $115,000 $1,387 4.88%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.50%
    SUMTER, SC (FHA|USDA|VA) 1 $75,000 $75,000 $3,023 2.75%
    Point Pleasant, WV-OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.75%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.25%
    Community Trust Bank's top markets include Lexington, Knoxville, London, Richmond, and Cincinnati among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Florida (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: 12
    CINFED Federal Credit Union
    Similarity Rank: 288
    Peoples Exchange Bank
    Similarity Rank: 351
    CONSUMER Credit Union
    Similarity Rank: 360
    SOUTHPOINT FINANCIAL SERVICES, INC.
    Similarity Rank: 372
    Eagle Savings Bank
    Similarity Rank: 384
    DESCO
    Similarity Rank: 448
    MORTGAGE SUPPLIERS, INC.
    Similarity Rank: 518
    INDIANA MEMBERS CREDIT UNION
    Similarity Rank: 780
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 840

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,568 $351,580,000 $224,222 $2,189 4.97%
    HELOC 959 $67,935,000 $70,839 n/a 5.32%

    For 2022, Community Trust Bank's most frequently originated type of loan was Conventional, with 1,568 originations. Their 2nd most popular type was HELOC, with 959 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,069 $257,275,000 $240,669 $2,316 5.04%
    Refi 546 $89,180,000 $163,333 $1,854 4.98%
    Home Improvement 477 $33,115,000 $69,423 $1,504 5.33%
    Other 342 $27,020,000 $79,006 $1,741 5.35%
    Cash Out Refi 93 $12,925,000 $138,978 $2,582 4.45%

    For 2022, Community Trust Bank's most frequently cited loan purpose was Home Purchase, with 1,069 originations. The 2nd most popular reason was Refi, with 546 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 1,186 $110,350,000 $93,044 $1,887 5.28%
    30 Year 649 $133,945,000 $206,387 $2,306 5.03%
    30+ year 277 $87,875,000 $317,238 $2,386 4.63%
    15 Year 177 $19,775,000 $111,723 $1,861 4.76%
    Other 119 $51,785,000 $435,168 $1,612 5.31%
    10 Year 52 $3,200,000 $61,538 $1,304 5.06%
    1 Year 39 $7,135,000 $182,949 $0 4.96%
    5 Year 24 $4,680,000 $195,000 $929 5.45%
    3 Year 4 $770,000 $192,500 $0 5.87%

    For 2022, Community Trust Bank's most frequently cited loan duration was 20 Year, with 1,186 originations. The 2nd most popular length was 30 Year, with 649 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,015 $212,245,000 $209,108
    $1k-2k 110 $16,390,000 $149,000
    $2k-3k 58 $11,180,000 $192,759
    $3k-4k 23 $5,615,000 $244,130
    $4k-5k 14 $3,880,000 $277,143
    $5k+ 11 $4,685,000 $425,909

    Community Trust Bank's average total fees were $2,306, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,015 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 647 $105,995,000 $163,825
    3-4% 631 $99,165,000 $157,155
    4-5% 588 $117,880,000 $200,476
    6-7% 436 $70,360,000 $161,376
    7-8% 129 $13,285,000 $102,984
    2.5-3% 45 $8,845,000 $196,556
    Over 8% 33 $2,165,000 $65,606
    <2.5% 17 $1,725,000 $101,471

    During 2022, Community Trust Bank's average interest rate for loans was 5.03%, while their most frequently originated rate bucket for loans was 5-6%, with 647 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,254 $64,790,000 $51,667 $1,556 5.27%
    $100k-200k 665 $91,955,000 $138,278 $2,052 5.05%
    $200k-400k 411 $111,095,000 $270,304 $2,608 4.81%
    $400k-600k 105 $50,135,000 $477,476 $2,963 4.65%
    $600k-1MM 72 $50,770,000 $705,139 $3,435 4.97%
    $1MM+ 20 $50,770,000 $2,538,500 $5,419 5.36%

    2022 saw Community Trust Bank place emphasis on $100,000 or less loans with 1,254 originations, totaling $64,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 571 $62,525,000 $109,501 $1,963 5.11%
    $50k or less 546 $45,820,000 $83,919 $1,753 5.05%
    $100k-150k 421 $70,795,000 $168,159 $2,452 5.05%
    $75k-100k 398 $49,880,000 $125,327 $2,154 5.04%
    $150k-250k 228 $55,830,000 $244,868 $2,818 5.10%
    $250k+ 115 $43,515,000 $378,391 $3,138 5.38%

    Community Trust Bank lent most frequently to those with incomes in the $50k-75k range, with 571 originations. The second most popular income band? $50k or less, with 546 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 541 $63,285,000 $116,978 $2,091 4.99%
    30-36% 416 $58,120,000 $139,712 $2,305 5.02%
    <20% 297 $30,565,000 $102,912 $1,962 5.08%
    50-60% 110 $26,010,000 $236,455 $2,160 5.03%
    >60% 88 $26,230,000 $298,068 $2,425 4.96%
    42% 85 $11,055,000 $130,059 $2,074 5.05%
    37% 75 $12,255,000 $163,400 $2,076 5.13%
    41% 72 $11,470,000 $159,306 $2,384 5.07%
    39% 68 $10,660,000 $156,765 $2,469 5.30%
    40% 67 $8,335,000 $124,403 $1,644 4.81%
    36% 67 $9,585,000 $143,060 $2,168 5.19%
    38% 63 $8,665,000 $137,540 $2,155 5.30%
    45% 48 $9,690,000 $201,875 $2,158 4.78%
    44% 42 $8,730,000 $207,857 $2,345 5.37%
    43% 38 $5,720,000 $150,526 $3,084 5.64%
    46% 28 $5,260,000 $187,857 $2,451 4.87%
    49% 25 $3,075,000 $123,000 $2,015 5.07%
    48% 20 $4,550,000 $227,500 $2,547 5.44%
    47% 19 $3,465,000 $182,368 $2,205 5.61%

    Community Trust Bank lent most frequently to those with DTI ratios of 20-30%, with 541 originations. The next most common DTI ratio? 30-36%, with 416 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,211 $314,875,000 $142,413 $2,177 5.10%
    Not applicable 202 $84,700,000 $419,307 $6,335 5.35%
    Not provided 55 $11,635,000 $211,545 $2,655 4.82%
    Black 45 $5,795,000 $128,778 $1,705 4.48%
    Asian 12 $2,170,000 $180,833 $2,280 4.97%
    American Indian 2 $340,000 $170,000 $2,219 7.75%

    Approval Rates

    Total approvals of all applications
    85.98%

    Community Trust Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.57%

    Community Trust Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,527 $419,515,000 $166,013

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,527 $419,515,000 $166,013

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 476 $37,200,000 $78,151 $1,669 5.22%
    40-60% 319 $52,845,000 $165,658 $2,054 4.97%
    60-80% 627 $150,975,000 $240,789 $2,337 5.01%
    80-100% 655 $157,225,000 $240,038 $2,274 4.99%
    Over 100% 6 $1,930,000 $321,667 $2,310 5.35%
    Under 20% 441 $18,575,000 $42,120 $1,107 5.37%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) FHA mortgage Struggling to pay mortgage 2 66.7%
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) Other type of mortgage Trouble during payment process 1 33.3%