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 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% 3/28/24
30 Year Conventional Refi 6.93% 3/28/24
15 Year Conventional Purchase 6.63% 3/28/24
15 Year Conventional Refi 7.15% 3/28/24
15 Year Cash-out Refi 7.15% 3/28/24
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

1,442

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%