University Of Kentucky Mortgage Rates, Fees & Info

Lexington, KY

LEI: 549300V5YG1VXZAU5G02

Tax ID: 61-6031223

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Mortgage Data

Review & Overview

University Of Kentucky is a smaller mortgage company specializing in Home Improvement and Refi loans. University Of Kentucky has an average proportion of conventional loans. Their top markets by origination volume include: Lexington, Louisville, Richmond, Frankfort, and Cincinnati among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

University Of Kentucky 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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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 5.63% 5/26/24
30 Year Conventional Refi 6.93% 5/26/24
15 Year Conventional Purchase 6.63% 5/26/24
15 Year Conventional Refi 7.15% 5/26/24
15 Year Cash-out Refi 7.15% 5/26/24
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.

University Of Kentucky Mortgage Calculator






Your Estimates

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The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,443

Origination Dollar Volume (All Markets)

$163,935,000

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
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1,004 $111,260,000 $110,817 $0 8.11%
LOUISVILLE, KY (FHA|USDA|VA) 200 $26,340,000 $131,700 $0 8.08%
Richmond-Berea, KY (FHA|USDA|VA) 74 $12,040,000 $162,703 $0 8.27%
Outside of Metro Areas 58 $4,180,000 $72,069 $0 8.36%
Frankfort, KY (FHA|USDA|VA) 35 $3,455,000 $98,714 $0 8.10%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 24 $2,160,000 $90,000 $0 8.24%
Danville, KY (FHA|USDA|VA) 11 $1,765,000 $160,455 $0 8.45%
Somerset, KY (FHA|USDA|VA) 5 $605,000 $121,000 $0 7.60%
Bardstown, KY (FHA|USDA|VA) 5 $535,000 $107,000 $0 8.70%
Mount Sterling, KY (FHA|USDA|VA) 7 $495,000 $70,714 $0 8.35%
London, KY (FHA|USDA|VA) 2 $180,000 $90,000 $0 7.75%
Paducah, KY-IL (FHA|USDA|VA) 4 $170,000 $42,500 $0 8.00%
Glasgow, KY (FHA|USDA|VA) 3 $165,000 $55,000 $0 7.58%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 3 $155,000 $51,667 $0 7.50%
BOWLING GREEN, KY (FHA|USDA|VA) 2 $110,000 $55,000 $0 8.25%
Campbellsville, KY (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.74%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.50%
Mayfield, KY (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.75%
Maysville, KY (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.50%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.74%
OWENSBORO, KY (FHA|USDA|VA) 1 $45,000 $45,000 $0 11.25%
University Of Kentucky's top markets include Lexington, Louisville, Richmond, Frankfort, and Cincinnati among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,134 $130,480,000 $115,062 n/a 8.19%
    Conventional 309 $33,455,000 $108,269 $0 7.92%

    For 2023, University Of Kentucky's most frequently originated type of loan was HELOC, with 1,134 originations. Their 2nd most popular type was Conventional, with 309 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 692 $59,610,000 $86,142 $0 8.12%
    Refi 442 $64,990,000 $147,036 $0 8.04%
    Other 184 $11,690,000 $63,533 $0 8.53%
    Home Purchase 125 $27,645,000 $221,160 $0 7.90%

    For 2023, University Of Kentucky's most frequently cited loan purpose was Home Improvement, with 692 originations. The 2nd most popular reason was Refi, with 442 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 1,223 $130,475,000 $106,684 $0 8.17%
    10 Year 93 $11,335,000 $121,882 $0 8.56%
    3 Year 44 $11,300,000 $256,818 $0 6.82%
    5 Year 40 $6,560,000 $164,000 $0 7.48%
    15 Year 26 $1,620,000 $62,308 $0 8.16%
    Other 17 $2,645,000 $155,588 $0 7.69%

    For 2023, University Of Kentucky's most frequently cited loan duration was 20 Year, with 1,223 originations. The 2nd most popular length was 10 Year, with 93 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 239 $15,785,000 $66,046

    University Of Kentucky's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 239 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 624 $65,780,000 $105,417
    Over 8% 581 $58,245,000 $100,250
    6-7% 217 $37,185,000 $171,359
    5-6% 20 $2,220,000 $111,000
    4-5% 1 $505,000 $505,000

    During 2023, University Of Kentucky's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 624 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 868 $44,760,000 $51,567 $0 8.33%
    $100k-200k 385 $51,575,000 $133,961 $0 7.88%
    $200k-400k 147 $39,195,000 $266,633 $0 7.74%
    $400k-600k 31 $14,865,000 $479,516 $0 7.74%
    $600k-1MM 8 $6,190,000 $773,750 $0 7.41%
    $1MM+ 4 $7,350,000 $1,837,500 $0 7.49%

    2023 saw University Of Kentucky place emphasis on $100,000 or less loans with 868 originations, totaling $44,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 384 $35,670,000 $92,891 $0 8.18%
    $150k-250k 345 $42,675,000 $123,696 $0 8.10%
    $75k-100k 213 $15,345,000 $72,042 $0 8.26%
    $50k-75k 187 $10,995,000 $58,797 $0 8.43%
    $250k+ 151 $36,005,000 $238,444 $0 7.95%
    $50k or less 91 $4,275,000 $46,978 $0 8.01%

    University Of Kentucky lent most frequently to those with incomes in the $100k-150k range, with 384 originations. The second most popular income band? $150k-250k, with 345 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 381 $38,145,000 $100,118 $0 8.01%
    30-36% 214 $20,590,000 $96,215 $0 8.37%
    <20% 197 $20,845,000 $105,812 $0 7.71%
    50-60% 132 $17,010,000 $128,864 $0 7.78%
    >60% 64 $14,130,000 $220,781 $0 7.73%
    41% 40 $3,350,000 $83,750 $0 8.68%
    38% 39 $3,845,000 $98,590 $0 8.71%
    43% 39 $5,045,000 $129,359 $0 8.48%
    36% 37 $2,995,000 $80,946 $0 8.47%
    37% 35 $4,555,000 $130,143 $0 8.24%
    45% 34 $4,480,000 $131,765 $0 8.31%
    44% 33 $3,675,000 $111,364 $0 8.85%
    46% 31 $3,555,000 $114,677 $0 8.24%
    40% 30 $3,260,000 $108,667 $0 8.67%
    42% 28 $4,890,000 $174,643 $0 8.35%
    48% 28 $3,130,000 $111,786 $0 8.14%
    49% 27 $2,925,000 $108,333 $0 8.44%
    47% 26 $3,000,000 $115,385 $0 8.17%
    39% 23 $2,325,000 $101,087 $0 8.75%

    University Of Kentucky lent most frequently to those with DTI ratios of 20-30%, with 381 originations. The next most common DTI ratio? 30-36%, with 214 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,124 $117,370,000 $104,422 $0 8.15%
    Not applicable 64 $17,310,000 $270,469 $0 7.37%
    Not provided 119 $13,825,000 $116,176 $0 7.99%
    Asian 57 $9,485,000 $166,404 $0 8.14%
    Black 66 $4,370,000 $66,212 $0 8.66%
    American Indian 11 $1,105,000 $100,455 $0 8.70%
    Asian Indian 1 $365,000 $365,000 $0 6.75%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 7.74%

    Approval Rates

    Total approvals of all applications
    74.54%

    University Of Kentucky has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    76.99%

    University Of Kentucky has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,443 $163,935,000 $113,607

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,443 $163,935,000 $113,607

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 523 $60,035,000 $114,790 $0 8.10%
    40-60% 158 $33,530,000 $212,215 $0 7.82%
    60-80% 94 $25,770,000 $274,149 $0 7.41%
    80-100% 40 $9,360,000 $234,000 $0 7.41%
    Under 20% 627 $34,035,000 $54,282 $0 8.39%