University Of Kentucky Mortgage Rates, Fees & Info
Lexington, KYLEI: 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, Refi, and Home Purchase 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 18 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.
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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
2,338Origination Dollar Volume (All Markets)
$278,410,000Top 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) | 1,626 | $202,800,000 | $124,723 | $0 | 3.65% |
| LOUISVILLE, KY (FHA|USDA|VA) | 380 | $43,210,000 | $113,711 | $0 | 3.93% |
| Richmond-Berea, KY (FHA|USDA|VA) | 119 | $11,435,000 | $96,092 | $0 | 3.94% |
| Outside of Metro Areas | 76 | $6,760,000 | $88,947 | $0 | 4.14% |
| Frankfort, KY (FHA|USDA|VA) | 38 | $5,520,000 | $145,263 | $0 | 3.72% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 31 | $2,995,000 | $96,613 | $0 | 4.14% |
| Danville, KY (FHA|USDA|VA) | 16 | $1,610,000 | $100,625 | $0 | 5.04% |
| Mount Sterling, KY (FHA|USDA|VA) | 13 | $795,000 | $61,154 | $0 | 4.65% |
| Bardstown, KY (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $0 | 2.94% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 7 | $625,000 | $89,286 | $0 | 4.89% |
| Somerset, KY (FHA|USDA|VA) | 8 | $620,000 | $77,500 | $0 | 4.66% |
| OWENSBORO, KY (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 4.58% |
| London, KY (FHA|USDA|VA) | 5 | $295,000 | $59,000 | $0 | 4.30% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 4.55% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 5 | $215,000 | $43,000 | $0 | 4.30% |
| Paducah, KY-IL (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 5.38% |
| Maysville, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.75% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 1,903 | $210,495,000 | $110,612 | n/a | 3.75% |
| Conventional | 435 | $67,915,000 | $156,126 | $0 | 3.83% |
For 2021, University Of Kentucky's most frequently originated type of loan was HELOC, with 1,903 originations. Their 2nd most popular type was Conventional, with 435 originations.
Loan Reason
For 2021, University Of Kentucky's most frequently cited loan purpose was Home Improvement, with 1,029 originations. The 2nd most popular reason was Refi, with 653 originations.
Loan Duration/Length
For 2021, University Of Kentucky's most frequently cited loan duration was 20 Year, with 2,051 originations. The 2nd most popular length was 10 Year, with 135 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 326 | $36,100,000 | $110,736 |
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 326 originations.
Interest Rates
During 2021, University Of Kentucky's average interest rate for loans was 2.71%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,678 originations.
Loan Sizing
2021 saw University Of Kentucky place emphasis on $100,000 or less loans with 1,345 originations, totaling $72,695,000 in origination value.
Applicant Income
University Of Kentucky lent most frequently to those with incomes in the $100k-150k range, with 526 originations. The second most popular income band? $150k-250k, with 498 originations.
Applicant Debt to Income Ratio
University Of Kentucky lent most frequently to those with DTI ratios of 20-30%, with 546 originations. The next most common DTI ratio? 30-36%, with 365 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.10%
University Of Kentucky has an average approval rate.
Pick Rate
Approvals leading to origination85.20%
University Of Kentucky has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,338 | $278,410,000 | $119,080 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNIVERSAL LENDING CORP. | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |