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:

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, Frankfort, Richmond, 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 above 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.

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% 12/8/24
30 Year Conventional Refi 6.93% 12/8/24
15 Year Conventional Purchase 6.63% 12/8/24
15 Year Conventional Refi 7.15% 12/8/24
15 Year Cash-out Refi 7.15% 12/8/24
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

2,065

Origination Dollar Volume (All Markets)

$238,685,000

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) 1,420 $166,600,000 $117,324 $0 3.91%
LOUISVILLE, KY (FHA|USDA|VA) 329 $36,695,000 $111,535 $0 3.83%
Frankfort, KY (FHA|USDA|VA) 51 $11,015,000 $215,980 $0 3.99%
Richmond-Berea, KY (FHA|USDA|VA) 104 $9,480,000 $91,154 $0 4.38%
Outside of Metro Areas 67 $5,835,000 $87,090 $0 4.83%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 40 $3,860,000 $96,500 $0 4.07%
Mount Sterling, KY (FHA|USDA|VA) 14 $1,040,000 $74,286 $0 5.60%
Paducah, KY-IL (FHA|USDA|VA) 3 $955,000 $318,333 $0 3.43%
London, KY (FHA|USDA|VA) 8 $850,000 $106,250 $0 3.74%
Danville, KY (FHA|USDA|VA) 8 $750,000 $93,750 $0 6.12%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 5 $345,000 $69,000 $0 4.65%
Somerset, KY (FHA|USDA|VA) 6 $340,000 $56,667 $0 7.91%
Bardstown, KY (FHA|USDA|VA) 2 $250,000 $125,000 $0 4.00%
Maysville, KY (FHA|USDA|VA) 4 $240,000 $60,000 $0 5.94%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.50%
OWENSBORO, KY (FHA|USDA|VA) 2 $140,000 $70,000 $0 3.00%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.00%
University Of Kentucky's top markets include Lexington, Louisville, Frankfort, Richmond, and Cincinnati among others.

Their top states include:
  • Kentucky (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,655 $176,135,000 $106,426 n/a 3.93%
    Conventional 410 $62,550,000 $152,561 $0 4.21%

    For 2020, University Of Kentucky's most frequently originated type of loan was HELOC, with 1,655 originations. Their 2nd most popular type was Conventional, with 410 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 940 $82,590,000 $87,862 $0 3.87%
    Refi 458 $66,190,000 $144,520 $0 3.61%
    Other 363 $30,405,000 $83,760 $0 4.88%
    Home Purchase 227 $41,245,000 $181,696 $0 3.74%
    Cash Out Refi 77 $18,255,000 $237,078 $0 4.21%

    For 2020, University Of Kentucky's most frequently cited loan purpose was Home Improvement, with 940 originations. The 2nd most popular reason was Refi, with 458 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 1,731 $181,515,000 $104,861 $0 3.96%
    10 Year 174 $33,220,000 $190,920 $0 4.57%
    15 Year 53 $4,775,000 $90,094 $0 3.62%
    Other 38 $5,820,000 $153,158 $0 4.04%
    5 Year 32 $4,830,000 $150,938 $0 4.39%
    30 Year 30 $7,120,000 $237,333 $0 2.48%
    3 Year 7 $1,405,000 $200,714 $0 3.64%

    For 2020, University Of Kentucky's most frequently cited loan duration was 20 Year, with 1,731 originations. The 2nd most popular length was 10 Year, with 174 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 305 $33,655,000 $110,344

    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 305 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,183 $137,835,000 $116,513
    3-4% 307 $38,815,000 $126,433
    4-5% 193 $33,665,000 $174,430
    6-7% 118 $7,850,000 $66,525
    Over 8% 88 $4,290,000 $48,750
    7-8% 79 $4,375,000 $55,380
    5-6% 65 $5,745,000 $88,385
    <2.5% 32 $6,110,000 $190,938

    During 2020, University Of Kentucky's average interest rate for loans was 2.48%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,183 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,243 $65,125,000 $52,393 $0 4.34%
    $100k-200k 526 $70,560,000 $134,144 $0 3.49%
    $200k-400k 231 $61,455,000 $266,039 $0 3.31%
    $400k-600k 44 $21,050,000 $478,409 $0 3.64%
    $600k-1MM 16 $11,560,000 $722,500 $0 3.75%
    $1MM+ 5 $8,935,000 $1,787,000 $0 4.38%

    2020 saw University Of Kentucky place emphasis on $100,000 or less loans with 1,243 originations, totaling $65,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 507 $49,755,000 $98,136 $0 3.90%
    $150k-250k 432 $55,550,000 $128,588 $0 3.59%
    $50k-75k 311 $20,045,000 $64,453 $0 4.58%
    $75k-100k 310 $25,440,000 $82,065 $0 4.00%
    $250k+ 215 $44,345,000 $206,256 $0 3.53%
    $50k or less 192 $13,790,000 $71,823 $0 4.38%

    University Of Kentucky lent most frequently to those with incomes in the $100k-150k range, with 507 originations. The second most popular income band? $150k-250k, with 432 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 533 $49,665,000 $93,180 $0 3.68%
    30-36% 310 $29,890,000 $96,419 $0 4.14%
    <20% 284 $31,820,000 $112,042 $0 3.37%
    50-60% 196 $27,640,000 $141,020 $0 3.87%
    >60% 171 $37,985,000 $222,135 $0 3.89%
    38% 60 $6,460,000 $107,667 $0 4.37%
    48% 46 $5,840,000 $126,957 $0 4.95%
    42% 46 $7,360,000 $160,000 $0 4.38%
    41% 45 $4,365,000 $97,000 $0 4.29%
    37% 42 $3,780,000 $90,000 $0 4.02%
    43% 41 $4,175,000 $101,829 $0 4.43%
    40% 41 $3,485,000 $85,000 $0 4.67%
    44% 38 $3,750,000 $98,684 $0 4.85%
    39% 38 $4,650,000 $122,368 $0 4.10%
    46% 37 $4,045,000 $109,324 $0 5.13%
    36% 36 $3,910,000 $108,611 $0 4.14%
    47% 36 $4,190,000 $116,389 $0 4.60%
    49% 33 $2,485,000 $75,303 $0 5.49%
    45% 32 $3,190,000 $99,688 $0 4.87%

    University Of Kentucky lent most frequently to those with DTI ratios of 20-30%, with 533 originations. The next most common DTI ratio? 30-36%, with 310 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,798 $197,690,000 $109,950 $0 3.93%
    Not applicable 57 $15,415,000 $270,439 $0 4.42%
    Asian 47 $7,905,000 $168,191 $0 3.68%
    Not provided 63 $7,005,000 $111,190 $0 3.84%
    Black 69 $4,675,000 $67,754 $0 5.34%
    Asian Indian 9 $2,615,000 $290,556 $0 3.58%
    Other Asian 6 $1,400,000 $233,333 $0 3.58%
    Chinese 5 $1,205,000 $241,000 $0 3.00%
    American Indian 7 $605,000 $86,429 $0 5.85%
    Native Hawaiian or Islander 3 $95,000 $31,667 $0 3.50%
    Filipino 1 $75,000 $75,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    96.09%

    University Of Kentucky has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    83.49%

    University Of Kentucky has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,065 $238,685,000 $115,586

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 36 $22,060,000 $612,778
    Single Family (1-4 Units):Manufactured 2 $70,000 $35,000
    Single Family (1-4 Units):Site-Built 2,027 $216,555,000 $106,835

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 847 $86,295,000 $101,883 $0 4.06%
    40-60% 253 $43,925,000 $173,617 $0 3.61%
    60-80% 171 $40,825,000 $238,743 $0 3.64%
    80-100% 149 $36,135,000 $242,517 $0 3.59%
    Under 20% 645 $31,505,000 $48,845 $0 4.22%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Universal Capital Services, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%
    Universal Capital Services, Inc. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 33.3%