Stock Yards Bank & Trust Company Mortgage Rates, Fees & Info
Louisville, KYLEI: 4LJGQ9KJ9S0CP4B1FY29
Tax ID: 61-0354170
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Mortgage Data
Review & Overview
Stock Yards Bank & Trust Company is a smaller bank specializing in Home Purchase loans. Stock Yards Bank & Trust Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Louisville, Lexington, Cincinnati, Indianapolis, and Dayton among others. We have data for 53 markets. (Some data included below & more in-depth data is available with an active subscription.)Stock Yards Bank & Trust Company 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. Stock Yards Bank & Trust Company 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 9/18/23 |
| 30 Year Conventional Purchase | 5.76% | 9/18/23 |
| 30 Year Conventional Refi | 6.15% | 9/18/23 |
| 30 Year Cash-out Refi | 6.70% | 9/18/23 |
| 30 Year FHA Purchase | 7.41% | 9/18/23 |
| 30 Year FHA Refi | 6.27% | 9/18/23 |
| 30 Year VA Purchase | 6.32% | 9/18/23 |
| 30 Year USDA Purchase | 6.60% | 9/18/23 |
| 15 Year Conventional Purchase | 5.93% | 9/18/23 |
| 15 Year Conventional Refi | 6.22% | 9/18/23 |
| 15 Year Cash-out Refi | 6.22% | 9/18/23 |
| 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. | ||
Stock Yards Bank & Trust Company Mortgage Calculator
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This is not an official calculator from Stock Yards Bank & Trust Company. 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
2,571Origination Dollar Volume (All Markets)
$625,475,000Awards
Stock Yards Bank & Trust Company - 2022
Stock Yards Bank & Trust Company is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Stock Yards Bank & Trust Company's average 30 year fixed mortgage rate was
4.63%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.13%.
Relative Fees (Closing Costs)
Stock Yards Bank & Trust Company's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,160.
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 |
|---|---|---|---|---|---|
| LOUISVILLE, KY (FHA|USDA|VA) | 1,577 | $326,345,000 | $206,940 | $3,035 | 4.36% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 332 | $73,340,000 | $220,904 | $3,061 | 4.28% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 172 | $58,190,000 | $338,314 | $3,181 | 4.17% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 111 | $28,455,000 | $256,351 | $2,650 | 4.19% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 9 | $28,075,000 | $3,119,444 | $2,669 | 4.84% |
| Richmond-Berea, KY (FHA|USDA|VA) | 81 | $22,775,000 | $281,173 | $3,483 | 4.55% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $18,505,000 | $18,505,000 | $0 | 4.00% |
| Outside of Metro Areas | 128 | $16,640,000 | $130,000 | $2,967 | 4.43% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $6,370,000 | $3,185,000 | $0 | 4.80% |
| Mount Sterling, KY (FHA|USDA|VA) | 19 | $3,785,000 | $199,211 | $4,252 | 4.22% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 5 | $3,615,000 | $723,000 | $3,934 | 4.67% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 20 | $3,600,000 | $180,000 | $3,935 | 4.63% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $3,405,000 | $3,405,000 | $0 | 4.00% |
| Bardstown, KY (FHA|USDA|VA) | 20 | $3,290,000 | $164,500 | $4,643 | 4.37% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $2,840,000 | $473,333 | $5,437 | 4.79% |
| Key West, FL (FHA|USDA|VA) | 3 | $2,745,000 | $915,000 | $7,414 | 5.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $2,720,000 | $680,000 | $5,535 | 5.91% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $2,665,000 | $533,000 | $4,852 | 3.37% |
| Scottsburg, IN (FHA|USDA|VA) | 10 | $1,540,000 | $154,000 | $2,609 | 4.59% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 8 | $1,530,000 | $191,250 | $3,386 | 4.98% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $1,445,000 | $1,445,000 | $5,645 | 3.63% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $0 | 6.30% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $4,290 | 4.94% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $0 | 4.12% |
| Frankfort, KY (FHA|USDA|VA) | 7 | $715,000 | $102,143 | $2,409 | 4.27% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $2,887 | 4.75% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $7,078 | 4.63% |
| Somerset, KY (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $4,334 | 5.92% |
| London, KY (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 4.60% |
| Danville, KY (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $3,714 | 3.93% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,173 | 3.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,550 | 5.50% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,097 | 3.50% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,725 | 3.15% |
| Madison, IN (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $2,364 | 6.25% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,577 | 5.38% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,162 | 3.13% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 4.99% |
| Maysville, KY (FHA|USDA|VA) | 5 | $375,000 | $75,000 | $4,567 | 4.00% |
| AKRON, OH (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,040 | 4.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,170 | 3.18% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $1,971 | 2.31% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 6.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 6.10% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,776 | 5.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,069 | 3.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,577 | 3.63% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,546 | 5.88% |
| Findlay, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.00% |
| Campbellsville, KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,012 | 4.50% |
| Logansport, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.89% |
| TULSA, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,217 | 5.13% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.99% |
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Product Mix
For 2022, Stock Yards Bank & Trust Company's most frequently originated type of loan was Conventional, with 1,460 originations. Their 2nd most popular type was HELOC, with 1,022 originations.
Loan Reason
For 2022, Stock Yards Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 1,194 originations. The 2nd most popular reason was Refi, with 454 originations.
Loan Duration/Length
For 2022, Stock Yards Bank & Trust Company's most frequently cited loan duration was 30 Year, with 1,167 originations. The 2nd most popular length was 10 Year, with 1,017 originations.
Origination Fees/Closing Costs
Stock Yards Bank & Trust Company's average total fees were $3,160, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,095 originations.
Interest Rates
During 2022, Stock Yards Bank & Trust Company's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 4-5%, with 807 originations.
Loan Sizing
2022 saw Stock Yards Bank & Trust Company place emphasis on $100k-200k loans with 884 originations, totaling $130,920,000 in origination value.
Applicant Income
Stock Yards Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 563 originations. The second most popular income band? $50k-75k, with 511 originations.
Applicant Debt to Income Ratio
Stock Yards Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 530 originations. The next most common DTI ratio? 30-36%, with 460 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.71%
Stock Yards Bank & Trust Company has a below average approval rate.
Pick Rate
Approvals leading to origination79.62%
Stock Yards Bank & Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,571 | $625,475,000 | $243,281 |