University Of Kentucky Mortgage Rates, Fees & Info

Lexington, KY

LEI: 549300V5YG1VXZAU5G02

Tax ID: 61-6031223

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

Review & Overview

University Of Kentucky is a smaller mortgage company specializing in Home Improvement and Refi loans. University Of Kentucky has a high proportion of conventional loans. Their top markets by origination volume include: Lexington, Louisville, Richmond, Cincinnati, and Huntington among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

University Of Kentucky has an above 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%	11/17/24
30 Year Conventional Refi	6.93%	11/17/24
15 Year Conventional Purchase	6.63%	11/17/24
15 Year Conventional Refi	7.15%	11/17/24
15 Year Cash-out Refi	7.15%	11/17/24
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

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

Originations

1,442

Origination Dollar Volume (All Markets)

$122,090,000

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)	1,066	$93,670,000	$87,871	$250	5.71%
LOUISVILLE, KY (FHA\|USDA\|VA)	203	$18,035,000	$88,842	$351	6.33%
Richmond-Berea, KY (FHA\|USDA\|VA)	61	$3,755,000	$61,557	$241	6.01%
Outside of Metro Areas	48	$2,220,000	$46,250	$403	6.07%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	20	$1,430,000	$71,500	$334	6.05%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA\|USDA\|VA)	3	$1,105,000	$368,333	$272	7.16%
Frankfort, KY (FHA\|USDA\|VA)	9	$545,000	$60,556	$416	6.00%
Danville, KY (FHA\|USDA\|VA)	7	$435,000	$62,143	$0	6.46%
Mount Sterling, KY (FHA\|USDA\|VA)	8	$290,000	$36,250	$242	7.34%
ELIZABETHTOWN-FORT KNOX, KY (FHA\|USDA\|VA)	6	$230,000	$38,333	$657	6.20%
London, KY (FHA\|USDA\|VA)	2	$100,000	$50,000	$0	5.50%
Somerset, KY (FHA\|USDA\|VA)	4	$100,000	$25,000	$0	7.75%
Campbellsville, KY (FHA\|USDA\|VA)	2	$90,000	$45,000	$0	5.50%
Maysville, KY (FHA\|USDA\|VA)	2	$70,000	$35,000	$0	6.63%
BOWLING GREEN, KY (FHA\|USDA\|VA)	1	$15,000	$15,000	$667	7.75%

University Of Kentucky's top markets include Lexington, Louisville, Richmond, Cincinnati, and Huntington among others.

Their top states include:

Kentucky (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	1,442	$122,090,000	$84,667	$285	5.85%

For 2018, University Of Kentucky's most frequently originated type of loan was Conventional, with 1,442 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Improvement	718	$47,720,000	$66,462	$285	5.81%
Other	264	$17,170,000	$65,038	$278	6.50%
Refi	220	$28,580,000	$129,909	$325	5.57%
Home Purchase	161	$19,395,000	$120,466	$249	5.51%
Cash Out Refi	79	$9,225,000	$116,772	$0	5.55%

For 2018, University Of Kentucky's most frequently cited loan purpose was Home Improvement, with 718 originations. The 2nd most popular reason was Other, with 264 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
10 Year	1,081	$84,715,000	$78,367	$288	5.87%
20 Year	193	$23,585,000	$122,202	$268	5.95%
Other	120	$11,970,000	$99,750	$217	5.33%
15 Year	27	$1,405,000	$52,037	$467	6.23%
5 Year	21	$415,000	$19,762	$216	6.22%

For 2018, University Of Kentucky's most frequently cited loan duration was 10 Year, with 1,081 originations. The 2nd most popular length was 20 Year, with 193 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	1	$65,000	$65,000
$5k+	1	$945,000	$945,000

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 1 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
5-6%	459	$44,135,000	$96,155
4-5%	328	$34,040,000	$103,780
3-4%	189	$19,475,000	$103,042
6-7%	159	$10,165,000	$63,931
7-8%	152	$7,460,000	$49,079
Over 8%	146	$5,830,000	$39,932

During 2018, University Of Kentucky's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 459 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	1,083	$49,555,000	$45,757	$269	6.10%
$100k-200k	230	$30,090,000	$130,826	$337	5.17%
$200k-400k	104	$27,810,000	$267,404	$365	4.92%
$400k-600k	16	$7,380,000	$461,250	$522	5.10%
$600k-1MM	7	$5,115,000	$730,714	$0	5.25%
$1MM+	2	$2,140,000	$1,070,000	$0	5.50%

2018 saw University Of Kentucky place emphasis on $100,000 or less loans with 1,083 originations, totaling $49,555,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	168	$12,910,000	$76,845	$295	5.90%
$150k-250k	125	$15,135,000	$121,080	$338	5.59%
$75k-100k	110	$7,200,000	$65,455	$297	6.26%
$50k-75k	108	$5,910,000	$54,722	$257	6.23%
$250k+	80	$17,040,000	$213,000	$295	5.40%
$50k or less	67	$3,215,000	$47,985	$276	6.21%

University Of Kentucky lent most frequently to those with incomes in the $100k-150k range, with 168 originations. The second most popular income band? $150k-250k, with 125 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
<20%	455	$50,805,000	$111,659	$277	5.16%
20-30%	363	$26,685,000	$73,512	$271	5.98%
30-36%	179	$11,605,000	$64,832	$301	6.50%
50-60%	56	$4,500,000	$80,357	$247	5.51%
36%	30	$1,870,000	$62,333	$272	6.06%
37%	28	$2,030,000	$72,500	$373	7.10%
44%	28	$2,030,000	$72,500	$492	6.79%
>60%	24	$4,060,000	$169,167	$202	5.81%
41%	24	$1,280,000	$53,333	$307	7.15%
38%	23	$1,455,000	$63,261	$417	6.49%
43%	23	$1,605,000	$69,783	$152	6.04%
42%	22	$1,070,000	$48,636	$530	6.37%
39%	22	$1,280,000	$58,182	$223	6.86%
40%	15	$745,000	$49,667	$0	6.65%
45%	15	$835,000	$55,667	$219	6.22%
46%	13	$515,000	$39,615	$0	6.13%
47%	12	$590,000	$49,167	$0	6.67%
48%	9	$765,000	$85,000	$505	6.33%
49%	7	$575,000	$82,143	$217	6.50%

University Of Kentucky lent most frequently to those with DTI ratios of <20%, with 455 originations. The next most common DTI ratio? 20-30%, with 363 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	1,237	$99,855,000	$80,724	$288	5.83%
Not provided	90	$12,570,000	$139,667	$271	5.77%
Black	53	$3,375,000	$63,679	$219	6.77%
Asian	26	$2,270,000	$87,308	$217	5.86%
Not applicable	8	$1,650,000	$206,250	$0	5.44%
Asian Indian	8	$660,000	$82,500	$0	5.44%
Chinese	4	$610,000	$152,500	$0	4.38%
Other Asian	7	$585,000	$83,571	$0	5.11%
American Indian	5	$325,000	$65,000	$0	5.50%
Filipino	1	$65,000	$65,000	$0	8.25%
Korean	1	$55,000	$55,000	$0	5.50%
Native Hawaiian or Islander	1	$35,000	$35,000	$0	4.25%
Japanese	1	$35,000	$35,000	$0	5.00%

Approval Rates

Total approvals of all applications
92.05%

University Of Kentucky has an average approval rate.

Pick Rate

Approvals leading to origination
81.48%

University Of Kentucky has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
0.0	1	$75,000	$75,000
NA	1,441	$122,015,000	$84,674

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Manufactured	2	$40,000	$20,000
Single Family (1-4 Units):Site-Built	1,440	$122,050,000	$84,757

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	205	$18,455,000	$90,024	$290	5.96%
40-60%	67	$9,375,000	$139,925	$366	5.42%
60-80%	85	$19,425,000	$228,529	$343	4.94%
80-100%	34	$5,450,000	$160,294	$385	5.32%
Over 100%	1	$185,000	$185,000	$0	5.25%
Under 20%	281	$11,395,000	$40,552	$281	6.35%

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
University Lending Group, LLC	Other type of mortgage	Applying for a mortgage or refinancing an existing mortgage	1	100.0%