Mortgage Suppliers Rates, Fees & Info

WINCHESTER, KY

LEI: 549300Z7FK8G2S8WGC14

Tax ID: 61-1388642

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
  • 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

    Mortgage Suppliers is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. They also have a high ratio of USDA loans. Mortgage Suppliers has an average proportion of conventional loans. Their top markets by origination volume include: Lexington, Richmond, Mount Sterling, London, and Somerset among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mortgage Suppliers 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. Mortgage Suppliers 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
    30 Year Conventional Purchase 6.63% 11/22/24
    30 Year Conventional Refi 6.27% 11/22/24
    30 Year Cash-out Refi 6.27% 11/22/24
    30 Year FHA Purchase 7.76% 11/22/24
    30 Year FHA Refi 7.40% 11/22/24
    30 Year VA Purchase 6.27% 11/22/24
    30 Year USDA Purchase 7.33% 11/22/24
    30 Year USDA Refi 6.27% 11/22/24
    15 Year Conventional Purchase 6.86% 11/22/24
    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.

    Mortgage Suppliers Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Mortgage Suppliers. 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

    434

    Origination Dollar Volume (All Markets)

    $50,860,000
    Show all (7) 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
    Outside of Metro Areas 223 $23,675,000 $106,166 $3,476 5.04%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 40 $6,890,000 $172,250 $5,125 4.88%
    Richmond-Berea, KY (FHA|USDA|VA) 37 $5,575,000 $150,676 $3,802 4.96%
    Mount Sterling, KY (FHA|USDA|VA) 31 $4,415,000 $142,419 $3,399 5.08%
    London, KY (FHA|USDA|VA) 28 $2,640,000 $94,286 $3,564 5.07%
    Somerset, KY (FHA|USDA|VA) 14 $1,760,000 $125,714 $4,153 5.13%
    Danville, KY (FHA|USDA|VA) 13 $1,285,000 $98,846 $4,060 5.03%
    OWENSBORO, KY (FHA|USDA|VA) 11 $1,135,000 $103,182 $2,765 5.01%
    Campbellsville, KY (FHA|USDA|VA) 12 $1,100,000 $91,667 $3,927 5.08%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 5 $435,000 $87,000 $3,507 5.13%
    Middlesborough, KY (FHA|USDA|VA) 4 $380,000 $95,000 $3,813 5.06%
    Bardstown, KY (FHA|USDA|VA) 3 $325,000 $108,333 $3,603 5.29%
    Madisonville, KY (FHA|USDA|VA) 2 $190,000 $95,000 $4,619 4.94%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $180,000 $90,000 $2,720 5.00%
    LOUISVILLE, KY (FHA|USDA|VA) 2 $170,000 $85,000 $2,253 5.25%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $165,000 $165,000 $3,939 5.25%
    Glasgow, KY (FHA|USDA|VA) 2 $160,000 $80,000 $3,260 4.94%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $160,000 $80,000 $3,948 5.25%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $115,000 $115,000 $4,781 5.25%
    Frankfort, KY (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.25%
    Mortgage Suppliers's top markets include Lexington, Richmond, Mount Sterling, London, and Somerset among others.

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

    • Similar Lenders

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

    Abound Federal Credit Union
    Similarity Rank: 45
    Town Square Bank
    Similarity Rank: 90
    Commercial Bank
    Similarity Rank: 95
    L & N Federal Credit Union
    Similarity Rank: 140
    City National Bank of West Virginia
    Similarity Rank: 190
    Bank of Lexington, Inc.
    Similarity Rank: 324
    Peoples Exchange Bank
    Similarity Rank: 357
    MEMBERS HERITAGE Credit Union
    Similarity Rank: 396
    COMMONWEALTH
    Similarity Rank: 414
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 468

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 176 $22,210,000 $126,193 $3,862 5.03%
    USDA 173 $17,045,000 $98,526 $3,505 5.00%
    Conventional 65 $8,235,000 $126,692 $3,323 5.12%
    VA 20 $3,370,000 $168,500 $5,017 4.93%

    For 2018, Mortgage Suppliers's most frequently originated type of loan was FHA, with 176 originations. Their 2nd most popular type was USDA, with 173 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 399 $46,155,000 $115,677 $3,572 5.04%
    Cash Out Refi 26 $3,480,000 $133,846 $5,340 4.92%
    Refi 9 $1,225,000 $136,111 $4,278 4.82%

    For 2018, Mortgage Suppliers's most frequently cited loan purpose was Home Purchase, with 399 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 423 $49,805,000 $117,742 $3,686 5.04%
    15 Year 6 $610,000 $101,667 $4,683 4.33%
    20 Year 2 $150,000 $75,000 $3,055 4.88%
    Other 2 $240,000 $120,000 $3,733 4.81%
    10 Year 1 $55,000 $55,000 $3,398 4.50%

    For 2018, Mortgage Suppliers's most frequently cited loan duration was 30 Year, with 423 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 154 $15,470,000 $100,455
    $2k-3k 63 $7,435,000 $118,016
    $<1k 20 $2,080,000 $104,000
    $3k-4k 12 $2,660,000 $221,667
    $4k-5k 1 $435,000 $435,000
    $5k+ 1 $255,000 $255,000

    Mortgage Suppliers's average total fees were $3,686, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 154 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 218 $24,050,000 $110,321
    4-5% 204 $25,030,000 $122,696
    3-4% 11 $1,595,000 $145,000
    6-7% 1 $185,000 $185,000

    During 2018, Mortgage Suppliers's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 5-6%, with 218 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 206 $29,140,000 $141,456 $3,873 5.01%
    $100,000 or less 204 $15,270,000 $74,853 $3,182 5.08%
    $200k-400k 23 $6,015,000 $261,522 $5,804 4.78%
    $400k-600k 1 $435,000 $435,000 $21,174 4.25%

    2018 saw Mortgage Suppliers place emphasis on $100k-200k loans with 206 originations, totaling $29,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 230 $20,630,000 $89,696 $3,368 5.05%
    $50k-75k 134 $17,290,000 $129,030 $3,671 5.04%
    $75k-100k 43 $7,105,000 $165,233 $4,337 5.06%
    $100k-150k 26 $5,670,000 $218,077 $5,617 4.76%
    $150k-250k 1 $165,000 $165,000 $3,939 5.25%

    Mortgage Suppliers lent most frequently to those with incomes in the $50k or less range, with 230 originations. The second most popular income band? $50k-75k, with 134 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 85 $8,835,000 $103,941 $3,543 5.03%
    20-30% 73 $7,325,000 $100,342 $3,494 5.04%
    39% 35 $3,935,000 $112,429 $3,624 4.91%
    50-60% 26 $4,270,000 $164,231 $5,118 5.00%
    37% 25 $2,695,000 $107,800 $3,255 5.13%
    42% 24 $3,120,000 $130,000 $3,596 5.06%
    38% 23 $2,655,000 $115,435 $4,163 5.13%
    44% 22 $2,730,000 $124,091 $3,382 5.05%
    36% 20 $2,640,000 $132,000 $4,285 5.03%
    <20% 16 $1,410,000 $88,125 $3,544 4.98%
    41% 15 $1,735,000 $115,667 $3,349 5.08%
    43% 14 $2,030,000 $145,000 $3,834 4.89%
    49% 13 $2,075,000 $159,615 $4,089 5.08%
    40% 13 $1,415,000 $108,846 $3,854 5.01%
    46% 11 $1,485,000 $135,000 $3,710 5.03%
    48% 8 $1,040,000 $130,000 $3,651 5.05%
    45% 6 $780,000 $130,000 $2,981 5.00%
    47% 4 $500,000 $125,000 $2,996 5.09%
    >60% 1 $185,000 $185,000 $475 4.25%

    Mortgage Suppliers lent most frequently to those with DTI ratios of 30-36%, with 85 originations. The next most common DTI ratio? 20-30%, with 73 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 428 $49,970,000 $116,752 $3,686 5.03%
    Black 5 $765,000 $153,000 $3,933 4.93%
    Asian 1 $125,000 $125,000 $6,495 3.88%

    Approval Rates

    Total approvals of all applications
    83.04%

    Mortgage Suppliers has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    60.14%

    Mortgage Suppliers has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 3 $475,000 $158,333
    NA 431 $50,385,000 $116,903

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 41 $3,365,000 $82,073
    Single Family (1-4 Units):Site-Built 393 $47,495,000 $120,852

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 10 $830,000 $83,000 $3,426 4.86%
    60-80% 29 $3,015,000 $103,966 $3,943 4.91%
    80-100% 337 $40,655,000 $120,638 $3,570 5.03%
    Over 100% 58 $6,360,000 $109,655 $4,305 5.09%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Mortgage Lending Masters, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%