Stock Yards Bank & Trust Company Mortgage Rates, Fees & Info

Louisville, KY

LEI: 4LJGQ9KJ9S0CP4B1FY29

Tax ID: 61-0354170

5 stars - Updated: 5/20/24 - 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

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, Indianapolis, Cincinnati, Lexington, and Huntsville among others. We have data for 64 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 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% 5/20/24
30 Year Conventional Purchase 5.76% 5/20/24
30 Year Conventional Refi 6.15% 5/20/24
30 Year Cash-out Refi 6.70% 5/20/24
30 Year FHA Purchase 7.41% 5/20/24
30 Year FHA Refi 6.27% 5/20/24
30 Year VA Purchase 6.32% 5/20/24
30 Year USDA Purchase 6.60% 5/20/24
15 Year Conventional Purchase 5.93% 5/20/24
15 Year Conventional Refi 6.22% 5/20/24
15 Year Cash-out Refi 6.22% 5/20/24
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.

Stock Yards Bank & Trust Company Mortgage Calculator






Your Estimates

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

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

2,263

Origination Dollar Volume (All Markets)

$716,325,000
Show all (14) awards

Relative Rate

Stock Yards Bank & Trust Company's average 30 year fixed mortgage rate was 6.35%.

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

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 $3,757.

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
LOUISVILLE, KY (FHA|USDA|VA) 1,294 $321,820,000 $248,702 $3,421 6.80%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 137 $99,645,000 $727,336 $2,840 6.16%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 165 $87,105,000 $527,909 $2,505 6.02%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 289 $61,345,000 $212,266 $3,197 6.63%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $30,005,000 $30,005,000 $0 7.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 8 $23,970,000 $2,996,250 $3,077 6.16%
Outside of Metro Areas 120 $16,330,000 $136,083 $4,062 6.47%
Richmond-Berea, KY (FHA|USDA|VA) 60 $14,470,000 $241,167 $4,791 6.89%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 42 $12,670,000 $301,667 $5,712 6.13%
Greensburg, IN (FHA|USDA|VA) 1 $4,805,000 $4,805,000 $0 6.11%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $4,485,000 $1,495,000 $8,579 6.67%
Bardstown, KY (FHA|USDA|VA) 26 $3,770,000 $145,000 $4,910 5.08%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 2 $3,280,000 $1,640,000 $0 6.25%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $2,660,000 $665,000 $5,560 6.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $2,565,000 $2,565,000 $16,915 5.75%
Mount Sterling, KY (FHA|USDA|VA) 18 $2,440,000 $135,556 $3,927 6.55%
Frankfort, KY (FHA|USDA|VA) 11 $1,925,000 $175,000 $5,893 6.64%
Cullowhee, NC (FHA|USDA|VA) 1 $1,855,000 $1,855,000 $7,821 6.97%
Scottsburg, IN (FHA|USDA|VA) 16 $1,740,000 $108,750 $1,538 5.66%
COLUMBUS, OH (FHA|USDA|VA) 2 $1,670,000 $835,000 $4,556 5.62%
Heber, UT (FHA|USDA|VA) 1 $1,135,000 $1,135,000 $0 4.99%
BOWLING GREEN, KY (FHA|USDA|VA) 3 $1,075,000 $358,333 $4,261 6.71%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $850,000 $425,000 $4,793 6.09%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $800,000 $400,000 $6,036 7.04%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $775,000 $258,333 $0 6.70%
MOBILE, AL (FHA|USDA|VA) 1 $755,000 $755,000 $0 6.75%
MADISON, WI (FHA|USDA|VA) 1 $695,000 $695,000 $2,318 5.90%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $690,000 $345,000 $3,703 6.62%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $665,000 $665,000 $0 6.36%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $640,000 $320,000 $0 6.08%
KOKOMO, IN (FHA|USDA|VA) 3 $585,000 $195,000 $5,096 7.04%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $585,000 $585,000 $0 7.15%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $575,000 $191,667 $0 6.83%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $535,000 $535,000 $5,274 6.72%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 5 $515,000 $103,000 $3,040 6.90%
Glasgow, KY (FHA|USDA|VA) 1 $495,000 $495,000 $4,375 6.59%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $495,000 $495,000 $0 6.99%
KNOXVILLE, TN (FHA|USDA|VA) 1 $405,000 $405,000 $0 6.99%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $395,000 $395,000 $5,970 6.00%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $390,000 $195,000 $0 6.73%
MORRISTOWN, TN (FHA|USDA|VA) 1 $345,000 $345,000 $3,252 6.63%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $325,000 $325,000 $4,245 6.68%
Georgetown, SC (FHA|USDA|VA) 1 $315,000 $315,000 $3,030 5.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,700 6.94%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $285,000 $285,000 $5,740 8.13%
PANAMA CITY, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,672 5.64%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,830 6.25%
Warsaw, IN (FHA|USDA|VA) 1 $235,000 $235,000 $0 7.50%
DULUTH, MN-WI (FHA|USDA|VA) 1 $215,000 $215,000 $2,992 7.13%
MUNCIE, IN (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.74%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $205,000 $205,000 $1,689 5.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $205,000 $205,000 $3,113 6.13%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $195,000 $195,000 $1,754 5.50%
Danville, KY (FHA|USDA|VA) 1 $185,000 $185,000 $6,275 6.63%
New Castle, IN (FHA|USDA|VA) 1 $175,000 $175,000 $3,691 6.13%
AKRON, OH (FHA|USDA|VA) 1 $175,000 $175,000 $2,610 5.50%
McMinnville, TN (FHA|USDA|VA) 1 $165,000 $165,000 $5,417 6.25%
Maysville, KY (FHA|USDA|VA) 2 $150,000 $75,000 $7,284 5.25%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $135,000 $135,000 $3,630 6.75%
THE VILLAGES, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,551 5.88%
COLUMBUS, IN (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.50%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.50%
Richmond, IN (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.00%
OWENSBORO, KY (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.75%
Stock Yards Bank & Trust Company's top markets include Louisville, Indianapolis, Cincinnati, Lexington, and Huntsville among others.

Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

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

    The Cecilian Bank
    Similarity Rank: 78
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    Mutual Savings Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,301 $574,805,000 $441,818 $2,984 6.15%
    HELOC 835 $112,835,000 $135,132 n/a 7.34%
    FHA 91 $19,225,000 $211,264 $7,916 6.64%
    VA 23 $6,795,000 $295,435 $7,856 6.36%
    USDA 13 $2,665,000 $205,000 $5,910 6.42%

    For 2023, Stock Yards Bank & Trust Company's most frequently originated type of loan was Conventional, with 1,301 originations. Their 2nd most popular type was HELOC, with 835 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,158 $474,120,000 $409,430 $3,777 6.40%
    Home Improvement 402 $78,290,000 $194,751 $118 6.45%
    Refi 344 $112,560,000 $327,209 $3,369 7.02%
    Other 304 $43,290,000 $142,401 $2,397 7.20%
    Cash Out Refi 55 $8,065,000 $146,636 $3,320 6.44%

    For 2023, Stock Yards Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 1,158 originations. The 2nd most popular reason was Home Improvement, with 402 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,022 $266,900,000 $261,155 $3,757 6.35%
    10 Year 874 $141,680,000 $162,105 $272 7.14%
    5 Year 202 $228,910,000 $1,133,218 $199 6.89%
    3 Year 57 $4,865,000 $85,351 $0 0.55%
    Other 54 $56,270,000 $1,042,037 $2,379 7.77%
    1 Year 23 $5,155,000 $224,130 $2,757 8.27%
    15 Year 16 $4,420,000 $276,250 $3,873 6.39%
    20 Year 11 $3,445,000 $313,182 $3,529 6.44%
    30+ year 4 $4,680,000 $1,170,000 $9,579 7.63%

    For 2023, Stock Yards Bank & Trust Company's most frequently cited loan duration was 30 Year, with 1,022 originations. The 2nd most popular length was 10 Year, with 874 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 920 $221,430,000 $240,685
    $1k-2k 99 $19,325,000 $195,202
    $2k-3k 42 $10,460,000 $249,048
    $3k-4k 39 $11,105,000 $284,744
    $5k+ 26 $13,260,000 $510,000
    $4k-5k 8 $3,680,000 $460,000

    Stock Yards Bank & Trust Company's average total fees were $3,757, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 920 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 863 $346,665,000 $401,698
    7-8% 858 $218,750,000 $254,953
    5-6% 349 $115,735,000 $331,619
    Over 8% 63 $12,335,000 $195,794
    <2.5% 53 $265,000 $5,000
    3-4% 34 $11,120,000 $327,059
    4-5% 32 $8,040,000 $251,250
    2.5-3% 9 $1,185,000 $131,667

    During 2023, Stock Yards Bank & Trust Company's average interest rate for loans was 6.35%, while their most frequently originated rate bucket for loans was 6-7%, with 863 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 715 $106,335,000 $148,720 $3,191 6.63%
    $100,000 or less 675 $32,315,000 $47,874 $1,229 6.54%
    $200k-400k 593 $154,175,000 $259,992 $4,185 6.67%
    $400k-600k 150 $71,820,000 $478,800 $4,479 6.67%
    $600k-1MM 78 $56,960,000 $730,256 $4,671 6.62%
    $1MM+ 52 $294,720,000 $5,667,692 $8,489 6.43%

    2023 saw Stock Yards Bank & Trust Company place emphasis on $100k-200k loans with 715 originations, totaling $106,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 475 $72,495,000 $152,621 $3,159 6.39%
    $50k or less 419 $46,865,000 $111,850 $2,462 5.82%
    $100k-150k 335 $56,105,000 $167,478 $4,760 6.99%
    $250k+ 262 $118,420,000 $451,985 $4,517 6.85%
    $150k-250k 258 $67,410,000 $261,279 $4,066 6.97%
    $75k-100k 250 $35,950,000 $143,800 $4,672 6.88%

    Stock Yards Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 475 originations. The second most popular income band? $50k or less, with 419 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 425 $80,755,000 $190,012 $3,250 6.79%
    30-36% 388 $74,470,000 $191,933 $3,258 6.62%
    <20% 240 $43,450,000 $181,042 $2,833 6.75%
    39% 119 $20,085,000 $168,782 $3,238 6.85%
    42% 102 $19,760,000 $193,725 $3,413 6.14%
    38% 98 $18,340,000 $187,143 $3,709 6.62%
    41% 85 $16,555,000 $194,765 $3,159 6.08%
    40% 84 $19,990,000 $237,976 $3,583 6.46%
    37% 81 $15,215,000 $187,840 $4,163 6.69%
    36% 78 $12,580,000 $161,282 $3,517 6.74%
    43% 50 $9,040,000 $180,800 $3,714 5.92%
    50-60% 46 $13,750,000 $298,913 $5,722 6.05%
    >60% 42 $13,090,000 $311,667 $2,655 5.36%
    44% 34 $8,100,000 $238,235 $3,465 6.38%
    45% 31 $6,425,000 $207,258 $4,325 6.22%
    49% 30 $7,610,000 $253,667 $4,385 6.28%
    48% 20 $5,690,000 $284,500 $5,208 5.82%
    47% 18 $4,570,000 $253,889 $4,394 6.55%
    46% 12 $1,930,000 $160,833 $3,667 6.60%

    Stock Yards Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 425 originations. The next most common DTI ratio? 30-36%, with 388 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,591 $321,595,000 $202,134 $3,638 6.68%
    Not applicable 253 $316,905,000 $1,252,589 $0 6.94%
    Not provided 245 $42,675,000 $174,184 $3,514 6.87%
    Black 126 $17,230,000 $136,746 $2,550 4.67%
    Asian 33 $12,355,000 $374,394 $3,414 6.33%
    Asian Indian 5 $3,425,000 $685,000 $2,984 7.12%
    American Indian 6 $1,700,000 $283,333 $3,085 6.19%
    Native Hawaiian or Islander 4 $440,000 $110,000 $3,261 6.78%

    Approval Rates

    Total approvals of all applications
    78.30%

    Stock Yards Bank & Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.18%

    Stock Yards Bank & Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,263 $716,325,000 $316,538

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,263 $716,325,000 $316,538

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 371 $59,875,000 $161,388 $2,489 7.14%
    40-60% 208 $143,280,000 $688,846 $3,108 6.87%
    60-80% 367 $252,485,000 $687,970 $3,915 6.80%
    80-100% 805 $220,095,000 $273,410 $3,819 6.37%
    Over 100% 10 $6,520,000 $652,000 $12,499 6.43%
    Under 20% 481 $25,985,000 $54,023 $188 6.32%