Central Kentucky Agricultural Credit Association Mortgage Rates, Fees & Info

Lexington, KY

LEI: 549300BS91G2Y1TKFS35

Tax ID: 61-1171735

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Central Kentucky Agricultural Credit Association is a smaller mortgage company specializing in Home Purchase and Refi loans. Central Kentucky Agricultural Credit Association has a high proportion of conventional loans. Their top markets by origination volume include: Richmond, Lexington, Danville, and Frankfort among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Central Kentucky Agricultural Credit Association has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Central Kentucky Agricultural Credit Association 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.14% 11/22/24
    30 Year Conventional Refi 7.73% 11/22/24
    15 Year Conventional Purchase 7.17% 11/22/24
    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.

    Central Kentucky Agricultural Credit Association Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Central Kentucky Agricultural Credit Association. 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

    38

    Origination Dollar Volume (All Markets)

    $4,100,000

    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 16 $1,500,000 $93,750 $1,841 5.31%
    Richmond-Berea, KY (FHA|USDA|VA) 10 $1,110,000 $111,000 $2,009 5.24%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 6 $880,000 $146,667 $1,252 5.47%
    Danville, KY (FHA|USDA|VA) 4 $340,000 $85,000 $1,744 5.19%
    Frankfort, KY (FHA|USDA|VA) 2 $270,000 $135,000 $2,330 5.48%
    Central Kentucky Agricultural Credit Association's top markets include Richmond, Lexington, Danville, and Frankfort among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 38 $4,100,000 $107,895 $1,823 5.31%

    For 2018, Central Kentucky Agricultural Credit Association's most frequently originated type of loan was Conventional, with 38 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 22 $2,130,000 $96,818 $1,950 5.28%
    Refi 13 $1,755,000 $135,000 $1,591 5.40%
    Home Improvement 1 $15,000 $15,000 $770 5.20%
    Other 1 $55,000 $55,000 $1,448 5.01%
    Cash Out Refi 1 $145,000 $145,000 $3,591 5.35%

    For 2018, Central Kentucky Agricultural Credit Association's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 17 $2,105,000 $123,824 $1,971 5.36%
    15 Year 10 $1,000,000 $100,000 $2,255 5.36%
    10 Year 5 $205,000 $41,000 $1,312 5.08%
    30 Year 3 $565,000 $188,333 $1,544 5.38%
    3 Year 1 $155,000 $155,000 $0 5.13%
    5 Year 1 $15,000 $15,000 $595 4.80%
    20 Year 1 $55,000 $55,000 $1,853 5.70%

    For 2018, Central Kentucky Agricultural Credit Association's most frequently cited loan duration was Other, with 17 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 15 $1,125,000 $75,000
    $1k-2k 14 $1,540,000 $110,000
    $2k-3k 7 $1,175,000 $167,857
    $3k-4k 1 $215,000 $215,000

    Central Kentucky Agricultural Credit Association's average total fees were $1,544, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 15 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 26 $3,050,000 $117,308
    4-5% 10 $980,000 $98,000
    6-7% 2 $70,000 $35,000

    During 2018, Central Kentucky Agricultural Credit Association's average interest rate for loans was 5.38%, while their most frequently originated rate bucket for loans was 5-6%, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 21 $945,000 $45,000 $1,371 5.36%
    $100k-200k 11 $1,715,000 $155,909 $2,572 5.12%
    $200k-400k 6 $1,440,000 $240,000 $1,955 5.49%

    2018 saw Central Kentucky Agricultural Credit Association place emphasis on $100,000 or less loans with 21 originations, totaling $945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 10 $710,000 $71,000 $1,715 5.39%
    $75k-100k 10 $1,330,000 $133,000 $1,545 5.25%
    $50k or less 7 $285,000 $40,714 $1,255 5.57%
    $100k-150k 6 $870,000 $145,000 $2,524 5.03%
    $150k-250k 3 $525,000 $175,000 $3,086 5.41%
    $250k+ 2 $380,000 $190,000 $1,685 5.13%

    Central Kentucky Agricultural Credit Association lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $75k-100k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 12 $1,300,000 $108,333 $1,937 5.29%
    <20% 9 $725,000 $80,556 $1,379 5.25%
    30-36% 7 $1,095,000 $156,429 $1,864 5.40%
    36% 3 $245,000 $81,667 $1,802 4.78%
    50-60% 1 $115,000 $115,000 $3,159 4.75%
    37% 1 $135,000 $135,000 $2,610 5.60%
    39% 1 $15,000 $15,000 $1,048 5.15%
    41% 1 $45,000 $45,000 $0 6.70%

    Central Kentucky Agricultural Credit Association lent most frequently to those with DTI ratios of 20-30%, with 12 originations. The next most common DTI ratio? <20%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 38 $4,100,000 $107,895 $1,823 5.31%

    Approval Rates

    Total approvals of all applications
    100.00%

    Central Kentucky Agricultural Credit Association has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    97.37%

    Central Kentucky Agricultural Credit Association has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 38 $4,100,000 $107,895

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 8 $330,000 $41,250
    Single Family (1-4 Units):Site-Built 30 $3,770,000 $125,667

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $290,000 $72,500 $1,273 5.16%
    40-60% 6 $380,000 $63,333 $1,985 4.96%
    60-80% 16 $1,780,000 $111,250 $1,877 5.31%
    80-100% 8 $1,430,000 $178,750 $2,230 5.43%
    Over 100% 2 $190,000 $95,000 $1,840 6.30%
    Under 20% 2 $30,000 $15,000 $385 5.33%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CENTRAL BANC MORTGAGE CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%