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, 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% 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

2,338

Origination Dollar Volume (All Markets)

$278,410,000

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) 1,626 $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%
University Of Kentucky's top markets include Lexington, Louisville, Richmond, Frankfort, and Cincinnati among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,029 $93,395,000 $90,763 $0 3.73%
    Refi 653 $102,195,000 $156,501 $0 3.61%
    Other 340 $25,770,000 $75,794 $0 4.37%
    Home Purchase 312 $56,380,000 $180,705 $0 3.53%
    Cash Out Refi 4 $670,000 $167,500 $0 4.41%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 2,051 $228,455,000 $111,387 $0 3.73%
    10 Year 135 $21,785,000 $161,370 $0 4.41%
    5 Year 59 $16,775,000 $284,322 $0 3.77%
    15 Year 42 $3,620,000 $86,190 $0 4.07%
    3 Year 19 $2,795,000 $147,105 $0 3.55%
    Other 18 $2,590,000 $143,889 $0 3.63%
    30 Year 13 $2,375,000 $182,692 $0 2.71%
    1 Year 1 $15,000 $15,000 $0 2.99%

    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

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,678 $206,320,000 $122,956
    6-7% 179 $11,465,000 $64,050
    3-4% 138 $29,960,000 $217,101
    4-5% 128 $17,200,000 $134,375
    7-8% 108 $6,650,000 $61,574
    5-6% 68 $4,560,000 $67,059
    Over 8% 35 $1,685,000 $48,143
    <2.5% 4 $570,000 $142,500

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,345 $72,695,000 $54,048 $0 4.10%
    $100k-200k 649 $87,955,000 $135,524 $0 3.37%
    $200k-400k 277 $73,305,000 $264,639 $0 3.14%
    $400k-600k 44 $20,570,000 $467,500 $0 3.19%
    $600k-1MM 17 $12,715,000 $747,941 $0 3.53%
    $1MM+ 6 $11,170,000 $1,861,667 $0 3.65%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 526 $50,870,000 $96,711 $0 3.82%
    $150k-250k 498 $67,040,000 $134,618 $0 3.48%
    $50k-75k 379 $26,215,000 $69,169 $0 4.05%
    $75k-100k 354 $28,310,000 $79,972 $0 3.83%
    $250k+ 249 $55,535,000 $223,032 $0 3.33%
    $50k or less 176 $10,370,000 $58,920 $0 4.07%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 546 $58,240,000 $106,667 $0 3.56%
    30-36% 365 $37,585,000 $102,973 $0 3.72%
    <20% 337 $39,735,000 $117,908 $0 3.36%
    50-60% 282 $35,450,000 $125,709 $0 3.85%
    >60% 152 $33,640,000 $221,316 $0 3.54%
    36% 59 $6,055,000 $102,627 $0 4.23%
    42% 55 $5,575,000 $101,364 $0 4.08%
    44% 51 $5,135,000 $100,686 $0 4.43%
    37% 50 $5,500,000 $110,000 $0 4.17%
    41% 50 $5,950,000 $119,000 $0 4.19%
    38% 49 $5,815,000 $118,673 $0 4.14%
    43% 49 $5,045,000 $102,959 $0 4.26%
    45% 45 $6,325,000 $140,556 $0 3.81%
    39% 42 $3,340,000 $79,524 $0 4.54%
    46% 42 $4,700,000 $111,905 $0 4.27%
    49% 42 $5,510,000 $131,190 $0 4.26%
    40% 42 $4,080,000 $97,143 $0 3.99%
    47% 41 $5,235,000 $127,683 $0 3.98%
    48% 37 $5,245,000 $141,757 $0 4.25%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,900 $210,800,000 $110,947 $0 3.74%
    Not applicable 86 $27,900,000 $324,419 $0 4.17%
    Not provided 177 $20,655,000 $116,695 $0 3.77%
    Asian 89 $11,875,000 $133,427 $0 3.33%
    Black 74 $5,340,000 $72,162 $0 4.35%
    American Indian 6 $1,310,000 $218,333 $0 3.85%
    Native Hawaiian or Islander 4 $330,000 $82,500 $0 3.81%
    Chinese 1 $105,000 $105,000 $0 3.00%
    Other Asian 1 $95,000 $95,000 $0 3.00%

    Approval Rates

    Total approvals of all applications
    94.10%

    University Of Kentucky has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.20%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,338 $278,410,000 $119,080

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 941 $101,875,000 $108,262 $0 3.70%
    40-60% 295 $55,195,000 $187,102 $0 3.33%
    60-80% 196 $41,360,000 $211,020 $0 3.46%
    80-100% 152 $42,190,000 $277,566 $0 3.45%
    Under 20% 754 $37,790,000 $50,119 $0 4.16%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    UNIVERSAL LENDING CORP. Conventional home mortgage Struggling to pay mortgage 1 100.0%