Kentucky Bank Mortgage Rates, Fees & Info

Paris, KY

LEI: 549300W3DDDU92VW3661

Tax ID: 61-0138790

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Kentucky Bank is a smaller bank specializing in Home Purchase and Refi loans. Kentucky Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Lexington, Richmond, Frankfort, Mount Sterling, and Huntington among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Kentucky Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Kentucky Bank 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.

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    Originations

    392

    Origination Dollar Volume (All Markets)

    $93,390,000
    Show all (6) awards

    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) 211 $51,275,000 $243,009 $3,048 3.04%
    Outside of Metro Areas 86 $15,650,000 $181,977 $2,999 2.99%
    Richmond-Berea, KY (FHA|USDA|VA) 50 $13,480,000 $269,600 $2,897 3.14%
    Frankfort, KY (FHA|USDA|VA) 7 $6,735,000 $962,143 $3,429 3.07%
    Mount Sterling, KY (FHA|USDA|VA) 21 $3,375,000 $160,714 $3,191 3.02%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 5 $775,000 $155,000 $3,321 2.78%
    LOUISVILLE, KY (FHA|USDA|VA) 4 $700,000 $175,000 $2,291 3.72%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $650,000 $162,500 $2,470 3.66%
    Danville, KY (FHA|USDA|VA) 2 $390,000 $195,000 $1,973 3.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,071 2.63%
    Somerset, KY (FHA|USDA|VA) 1 $95,000 $95,000 $1,962 3.00%
    Kentucky Bank's top markets include Lexington, Richmond, Frankfort, Mount Sterling, and Huntington among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Kentucky Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    COMMONWEALTH
    Similarity Rank: 375
    Peoples Exchange Bank
    Similarity Rank: 468
    MORTGAGE SUPPLIERS, INC.
    Similarity Rank: 560
    The Monticello Banking Company
    Similarity Rank: 817
    Traditional Bank, Inc.
    Similarity Rank: 1236
    The Citizens National Bank of Somerset
    Similarity Rank: 1274
    Western Ohio Mortgage Corporation
    Similarity Rank: 1400
    Kentucky Bank
    Similarity Rank: 1485
    Central Bank
    Similarity Rank: 1512
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 1656

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 328 $82,470,000 $251,433 $2,632 3.12%
    FHA 40 $6,270,000 $156,750 $5,067 2.82%
    USDA 16 $2,460,000 $153,750 $3,753 2.44%
    VA 8 $2,190,000 $273,750 $5,310 2.42%

    For 2021, Kentucky Bank's most frequently originated type of loan was Conventional, with 328 originations. Their 2nd most popular type was FHA, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 168 $37,900,000 $225,595 $3,578 3.13%
    Refi 146 $41,440,000 $283,836 $2,623 2.96%
    Cash Out Refi 77 $13,895,000 $180,455 $2,598 3.03%
    Other 1 $155,000 $155,000 $2,097 3.25%

    For 2021, Kentucky Bank's most frequently cited loan purpose was Home Purchase, with 168 originations. The 2nd most popular reason was Refi, with 146 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 233 $48,325,000 $207,403 $3,233 3.07%
    15 Year 77 $13,045,000 $169,416 $2,764 2.56%
    20 Year 57 $16,525,000 $289,912 $2,420 3.45%
    Other 18 $14,820,000 $823,333 $2,696 3.68%
    10 Year 7 $675,000 $96,429 $1,614 2.89%

    For 2021, Kentucky Bank's most frequently cited loan duration was 30 Year, with 233 originations. The 2nd most popular length was 15 Year, with 77 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 266 $52,520,000 $197,444
    $1k-2k 49 $6,445,000 $131,531
    $2k-3k 29 $6,085,000 $209,828
    $3k-4k 7 $2,015,000 $287,857
    $5k+ 3 $2,465,000 $821,667
    $4k-5k 2 $700,000 $350,000

    Kentucky Bank's average total fees were $3,233, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 266 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 151 $30,345,000 $200,960
    3-4% 144 $46,320,000 $321,667
    <2.5% 78 $13,490,000 $172,949
    4-5% 17 $3,035,000 $178,529
    5-6% 2 $200,000 $100,000

    During 2021, Kentucky Bank's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 2.5-3%, with 151 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 183 $26,495,000 $144,781 $2,752 3.01%
    $200k-400k 118 $31,200,000 $264,407 $3,411 2.99%
    $100,000 or less 59 $4,495,000 $76,186 $2,228 3.05%
    $400k-600k 17 $8,005,000 $470,882 $3,516 3.29%
    $1MM+ 8 $18,180,000 $2,272,500 $34,638 3.59%
    $600k-1MM 7 $5,015,000 $716,429 $3,629 3.70%

    2021 saw Kentucky Bank place emphasis on $100k-200k loans with 183 originations, totaling $26,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 91 $15,405,000 $169,286 $3,200 2.95%
    $50k or less 83 $10,025,000 $120,783 $2,802 2.91%
    $100k-150k 80 $16,500,000 $206,250 $2,958 3.03%
    $75k-100k 44 $9,180,000 $208,636 $2,641 3.10%
    $150k-250k 32 $9,700,000 $303,125 $2,929 3.01%
    $250k+ 12 $6,770,000 $564,167 $6,080 3.04%

    Kentucky Bank lent most frequently to those with incomes in the $50k-75k range, with 91 originations. The second most popular income band? $50k or less, with 83 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 97 $19,095,000 $196,856 $3,195 2.98%
    30-36% 73 $14,415,000 $197,466 $2,831 3.03%
    <20% 57 $11,385,000 $199,737 $2,358 2.90%
    37% 19 $4,195,000 $220,789 $3,399 2.87%
    38% 16 $2,690,000 $168,125 $2,502 3.03%
    40% 15 $3,055,000 $203,667 $3,248 2.89%
    43% 14 $2,950,000 $210,714 $2,807 3.21%
    36% 14 $2,720,000 $194,286 $3,078 3.26%
    44% 12 $2,340,000 $195,000 $3,609 3.04%
    41% 11 $2,395,000 $217,727 $3,728 3.08%
    42% 8 $1,300,000 $162,500 $2,879 3.32%
    45% 8 $3,850,000 $481,250 $2,258 3.43%
    39% 7 $925,000 $132,143 $3,152 2.91%
    49% 7 $1,395,000 $199,286 $3,494 2.96%
    50-60% 7 $5,365,000 $766,429 $5,079 3.36%
    >60% 6 $9,620,000 $1,603,333 $0 3.88%
    46% 5 $1,975,000 $395,000 $2,858 3.81%
    47% 5 $1,495,000 $299,000 $4,958 2.75%
    48% 4 $770,000 $192,500 $3,933 2.94%

    Kentucky Bank lent most frequently to those with DTI ratios of 20-30%, with 97 originations. The next most common DTI ratio? 30-36%, with 73 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 348 $68,480,000 $196,782 $3,014 2.96%
    Not applicable 31 $22,195,000 $715,968 $2,521 4.02%
    Not provided 6 $1,260,000 $210,000 $3,164 3.13%
    Black 5 $955,000 $191,000 $2,915 2.75%
    Asian 2 $500,000 $250,000 $3,478 3.13%

    Approval Rates

    Total approvals of all applications
    88.01%

    Kentucky Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.49%

    Kentucky Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 392 $93,390,000 $238,240

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    392 $93,390,000 $238,240

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $3,485,000 $139,400 $2,009 2.92%
    40-60% 70 $15,970,000 $228,143 $2,915 2.92%
    60-80% 148 $41,100,000 $277,703 $2,612 3.16%
    80-100% 146 $32,370,000 $221,712 $3,539 3.03%
    Over 100% 1 $295,000 $295,000 $13,168 2.25%
    Under 20% 2 $170,000 $85,000 $1,599 3.13%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Kentucky Housing Corporation Conventional home mortgage Struggling to pay mortgage 1 50.0%
    Kentucky Housing Corporation FHA mortgage Struggling to pay mortgage 1 50.0%