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 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 16 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%	11/21/24
30 Year Conventional Refi	6.93%	11/21/24
15 Year Conventional Purchase	6.63%	11/21/24
15 Year Conventional Refi	7.15%	11/21/24
15 Year Cash-out Refi	7.15%	11/21/24
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

1,641

Origination Dollar Volume (All Markets)

$148,465,000

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)	1,184	$110,960,000	$93,716	$1,731	5.64%
LOUISVILLE, KY (FHA\|USDA\|VA)	236	$22,220,000	$94,153	$336	6.02%
Richmond-Berea, KY (FHA\|USDA\|VA)	70	$4,770,000	$68,143	$290	6.18%
Outside of Metro Areas	60	$4,430,000	$73,833	$491	5.84%
Frankfort, KY (FHA\|USDA\|VA)	26	$1,740,000	$66,923	$332	6.41%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	17	$1,565,000	$92,059	$265	5.70%
Mount Sterling, KY (FHA\|USDA\|VA)	12	$660,000	$55,000	$0	6.48%
Danville, KY (FHA\|USDA\|VA)	8	$650,000	$81,250	$303	4.91%
ELIZABETHTOWN-FORT KNOX, KY (FHA\|USDA\|VA)	5	$345,000	$69,000	$634	7.90%
Somerset, KY (FHA\|USDA\|VA)	8	$330,000	$41,250	$214	5.75%
Maysville, KY (FHA\|USDA\|VA)	4	$320,000	$80,000	$0	4.88%
London, KY (FHA\|USDA\|VA)	4	$140,000	$35,000	$249	7.37%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA\|USDA\|VA)	2	$120,000	$60,000	$269	5.62%
OWENSBORO, KY (FHA\|USDA\|VA)	2	$90,000	$45,000	$0	3.75%
Campbellsville, KY (FHA\|USDA\|VA)	2	$70,000	$35,000	$0	6.63%
BOWLING GREEN, KY (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	10.00%

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

Their top states include:

Kentucky (FHA|USDA|VA)

(FHA|USDA|VA)

Florida (FHA|USDA|VA)

Tennessee (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
HELOC	1,353	$121,625,000	$89,893	n/a	5.69%
Conventional	288	$26,840,000	$93,194	$1,317	6.07%

For 2019, University Of Kentucky's most frequently originated type of loan was HELOC, with 1,353 originations. Their 2nd most popular type was Conventional, with 288 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Improvement	726	$54,040,000	$74,435	$2,834	5.75%
Refi	374	$41,660,000	$111,390	$301	5.37%
Other	329	$22,245,000	$67,614	$293	6.37%
Home Purchase	145	$20,305,000	$140,034	$88	5.37%
Cash Out Refi	67	$10,215,000	$152,463	$207	5.82%

For 2019, University Of Kentucky's most frequently cited loan purpose was Home Improvement, with 726 originations. The 2nd most popular reason was Refi, with 374 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
10 Year	786	$62,150,000	$79,071	$3,912	6.20%
Other	620	$62,890,000	$101,435	$294	5.12%
20 Year	186	$20,840,000	$112,043	$303	5.88%
15 Year	30	$2,130,000	$71,000	$272	6.42%
5 Year	19	$455,000	$23,947	$272	5.77%

For 2019, University Of Kentucky's most frequently cited loan duration was 10 Year, with 786 originations. The 2nd most popular length was Other, with 620 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	456	$47,070,000	$103,224
5-6%	400	$38,830,000	$97,075
3-4%	312	$35,280,000	$113,077
Over 8%	217	$10,935,000	$50,392
6-7%	178	$11,990,000	$67,360
7-8%	76	$4,260,000	$56,053

During 2019, University Of Kentucky's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 456 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	1,171	$56,655,000	$48,382	$1,446	6.05%
$100k-200k	323	$43,695,000	$135,279	$331	5.06%
$200k-400k	120	$31,970,000	$266,417	$458	5.01%
$400k-600k	19	$8,485,000	$446,579	$0	4.68%
$600k-1MM	7	$4,765,000	$680,714	$0	5.04%
$1MM+	1	$2,895,000	$2,895,000	$0	4.60%

2019 saw University Of Kentucky place emphasis on $100,000 or less loans with 1,171 originations, totaling $56,655,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	392	$30,340,000	$77,398	$3,954	5.77%
$50k-75k	307	$18,765,000	$61,124	$283	6.06%
$75k-100k	298	$20,870,000	$70,034	$264	5.97%
$150k-250k	257	$31,035,000	$120,759	$278	5.37%
$50k or less	188	$9,160,000	$48,723	$248	5.90%
$250k+	160	$26,530,000	$165,813	$383	5.22%

University Of Kentucky lent most frequently to those with incomes in the $100k-150k range, with 392 originations. The second most popular income band? $50k-75k, with 307 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
<20%	513	$56,135,000	$109,425	$260	5.09%
20-30%	463	$34,315,000	$74,114	$3,313	5.97%
30-36%	182	$11,060,000	$60,769	$319	6.13%
50-60%	55	$4,065,000	$73,909	$221	5.24%
47%	33	$2,605,000	$78,939	$371	5.98%
37%	31	$1,995,000	$64,355	$295	6.93%
36%	30	$1,710,000	$57,000	$289	6.74%
38%	29	$1,925,000	$66,379	$659	6.71%
40%	28	$2,140,000	$76,429	$222	6.58%
44%	28	$2,160,000	$77,143	$369	5.81%
>60%	24	$2,150,000	$89,583	$223	5.69%
41%	24	$1,810,000	$75,417	$342	6.89%
42%	24	$1,220,000	$50,833	$257	6.45%
39%	22	$1,600,000	$72,727	$535	7.00%
45%	21	$1,745,000	$83,095	$396	6.23%
43%	20	$1,430,000	$71,500	$217	6.32%
48%	16	$1,250,000	$78,125	$0	5.94%
49%	13	$725,000	$55,769	$139	6.46%
46%	12	$540,000	$45,000	$232	5.20%

University Of Kentucky lent most frequently to those with DTI ratios of <20%, with 513 originations. The next most common DTI ratio? 20-30%, with 463 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	1,414	$121,960,000	$86,252	$1,417	5.72%
Not applicable	37	$11,615,000	$313,919	$0	5.43%
Not provided	59	$4,275,000	$72,458	$269	5.77%
Black	70	$4,230,000	$60,429	$221	6.79%
Chinese	10	$1,770,000	$177,000	$0	5.13%
Asian	17	$1,395,000	$82,059	$0	5.29%
Other Asian	13	$1,355,000	$104,231	$0	6.04%
Asian Indian	11	$1,125,000	$102,273	$0	5.41%
Filipino	4	$330,000	$82,500	$219	7.75%
American Indian	2	$140,000	$70,000	$0	4.25%
Vietnamese	1	$135,000	$135,000	$0	4.00%
Native Hawaiian or Islander	1	$65,000	$65,000	$0	8.50%
Samoan	1	$35,000	$35,000	$0	6.75%
Japanese	1	$35,000	$35,000	$0	5.25%

Approval Rates

Total approvals of all applications
93.95%

University Of Kentucky has an average approval rate.

Pick Rate

Approvals leading to origination
84.52%

University Of Kentucky has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
567.0	1	$35,000	$35,000
NA	1,640	$148,430,000	$90,506

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Manufactured	1	$85,000	$85,000
Single Family (1-4 Units):Site-Built	1,640	$148,380,000	$90,476

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	642	$54,580,000	$85,016	$3,316	5.73%
40-60%	179	$26,155,000	$146,117	$256	5.43%
60-80%	140	$24,180,000	$172,714	$236	5.00%
80-100%	83	$18,775,000	$226,205	$459	5.18%
Under 20%	594	$24,610,000	$41,431	$266	6.15%

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
Unifirst Mortgage Corporation	FHA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	100.0%