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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 5.63% 4/18/24
    30 Year Conventional Refi 6.93% 4/18/24
    15 Year Conventional Purchase 6.63% 4/18/24
    15 Year Conventional Refi 7.15% 4/18/24
    15 Year Cash-out Refi 7.15% 4/18/24
    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

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from University Of Kentucky. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    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%