Kentucky Farmers Bank Corporation Mortgage Rates, Fees & Info

Catlettsburg, KY

LEI: 549300CGYC6O4770DL96

Tax ID: 61-0245510

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

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Mortgage Data

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

    Kentucky Farmers Bank Corporation is a smaller bank specializing in Home Purchase and Refi loans. Kentucky Farmers Bank Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Huntington, Portsmouth, and North Port among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Kentucky Farmers Bank Corporation 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.

    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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    Originations

    111

    Origination Dollar Volume (All Markets)

    $12,045,000

    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
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 92 $10,030,000 $109,022 $0 0.00%
    Outside of Metro Areas 13 $1,295,000 $99,615 $0 0.00%
    Portsmouth, OH (FHA|USDA|VA) 5 $495,000 $99,000 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Kentucky Farmers Bank Corporation's top markets include Huntington, Portsmouth, and North Port among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 111 $12,045,000 $108,514 $0 0.00%

    For 2022, Kentucky Farmers Bank Corporation's most frequently originated type of loan was Conventional, with 111 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 57 $6,755,000 $118,509 $0 0.00%
    Refi 40 $4,580,000 $114,500 $0 0.00%
    Other 8 $390,000 $48,750 $0 0.00%
    Home Improvement 6 $320,000 $53,333 $0 0.00%

    For 2022, Kentucky Farmers Bank Corporation's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 111 $12,045,000 $108,514 $0 0.00%

    For 2022, Kentucky Farmers Bank Corporation's most frequently cited loan duration was Other, with 111 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 66 $3,850,000 $58,333 $0 0.00%
    $100k-200k 31 $4,495,000 $145,000 $0 0.00%
    $200k-400k 13 $3,255,000 $250,385 $0 0.00%
    $400k-600k 1 $445,000 $445,000 $0 0.00%

    2022 saw Kentucky Farmers Bank Corporation place emphasis on $100,000 or less loans with 66 originations, totaling $3,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 26 $1,540,000 $59,231 $0 0.00%
    $100k-150k 22 $3,520,000 $160,000 $0 0.00%
    $75k-100k 20 $2,150,000 $107,500 $0 0.00%
    $50k-75k 16 $1,330,000 $83,125 $0 0.00%
    $150k-250k 12 $1,990,000 $165,833 $0 0.00%
    $250k+ 2 $370,000 $185,000 $0 0.00%

    Kentucky Farmers Bank Corporation lent most frequently to those with incomes in the $50k or less range, with 26 originations. The second most popular income band? $100k-150k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 111 $12,045,000 $108,514 $0 0.00%

    Kentucky Farmers Bank Corporation lent most frequently to those with DTI ratios of Exempt%, with 111 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 98 $10,900,000 $111,224 $0 0.00%
    Not applicable 13 $1,145,000 $88,077 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.11%

    Kentucky Farmers Bank Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    60.36%

    Kentucky Farmers Bank Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 111 $12,045,000 $108,514

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    111 $12,045,000 $108,514