University Of Kentucky Mortgage Rates, Fees & Info
Lexington, KYLEI: 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 17 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. University Of Kentucky 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) | 6.59% | 4/17/25 |
| 30 Year Conventional Refi | 5.87% | 4/17/25 |
| 15 Year Conventional Purchase | 6.88% | 4/17/25 |
| 15 Year Conventional Refi | 7.87% | 4/17/25 |
| 15 Year Cash-out Refi | 7.87% | 4/17/25 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,441Origination Dollar Volume (All Markets)
$167,765,000Relative Rate
University Of Kentucky's average 30 year fixed mortgage rate was
5.66%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.89%.
Relative Fees (Closing Costs)
University Of Kentucky's average total fees/closing costs for a 30 year fixed rate
mortgage were $0.
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 $8,356.
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) | 1,002 | $116,120,000 | $115,888 | $0 | 8.33% |
| LOUISVILLE, KY (FHA|USDA|VA) | 204 | $28,280,000 | $138,627 | $0 | 8.38% |
| Richmond-Berea, KY (FHA|USDA|VA) | 56 | $7,130,000 | $127,321 | $0 | 8.05% |
| Outside of Metro Areas | 78 | $5,630,000 | $72,179 | $0 | 8.32% |
| Frankfort, KY (FHA|USDA|VA) | 28 | $3,410,000 | $121,786 | $0 | 8.98% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 18 | $1,970,000 | $109,444 | $0 | 8.47% |
| Mount Sterling, KY (FHA|USDA|VA) | 17 | $1,735,000 | $102,059 | $0 | 8.51% |
| Danville, KY (FHA|USDA|VA) | 12 | $1,200,000 | $100,000 | $0 | 9.19% |
| Bardstown, KY (FHA|USDA|VA) | 5 | $625,000 | $125,000 | $0 | 7.93% |
| Somerset, KY (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $0 | 9.00% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $0 | 8.43% |
| London, KY (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $0 | 9.12% |
| Glasgow, KY (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $0 | 9.58% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 8.24% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 7.50% |
| Maysville, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.99% |
| Campbellsville, KY (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 11.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 1,099 | $131,665,000 | $119,804 | n/a | 8.47% |
| Conventional | 342 | $36,100,000 | $105,556 | $0 | 8.01% |
For 2024, University Of Kentucky's most frequently originated type of loan was HELOC, with 1,099 originations. Their 2nd most popular type was Conventional, with 342 originations.
Loan Reason
For 2024, University Of Kentucky's most frequently cited loan purpose was Home Improvement, with 621 originations. The 2nd most popular reason was Refi, with 449 originations.
Loan Duration/Length
For 2024, University Of Kentucky's most frequently cited loan duration was 20 Year, with 1,217 originations. The 2nd most popular length was 10 Year, with 80 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 268 | $18,400,000 | $68,657 |
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 268 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 659 | $70,075,000 | $106,335 |
| 7-8% | 623 | $69,045,000 | $110,827 |
| 6-7% | 154 | $27,270,000 | $177,078 |
| 5-6% | 5 | $1,375,000 | $275,000 |
During 2024, University Of Kentucky's average interest rate for loans was 5.66%, while their most frequently originated rate bucket for loans was Over 8%, with 659 originations.
Loan Sizing
2024 saw University Of Kentucky place emphasis on $100,000 or less loans with 818 originations, totaling $43,080,000 in origination value.
Applicant Income
University Of Kentucky lent most frequently to those with incomes in the $100k-150k range, with 354 originations. The second most popular income band? $150k-250k, with 352 originations.
Applicant Debt to Income Ratio
University Of Kentucky lent most frequently to those with DTI ratios of 20-30%, with 361 originations. The next most common DTI ratio? 30-36%, with 214 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.72%
University Of Kentucky has a below average approval rate.
Pick Rate
Approvals leading to origination76.13%
University Of Kentucky has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,441 | $167,765,000 | $116,423 |