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 Louisville among others. We have data for 17 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% 11/21/24
    30 Year Conventional Refi 6.27% 11/21/24
    30 Year Cash-out Refi 6.27% 11/21/24
    30 Year FHA Purchase 7.76% 11/21/24
    30 Year FHA Refi 7.40% 11/21/24
    30 Year VA Purchase 6.27% 11/21/24
    30 Year USDA Purchase 7.33% 11/21/24
    30 Year USDA Refi 6.27% 11/21/24
    15 Year Conventional Purchase 6.86% 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.

    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

    382

    Origination Dollar Volume (All Markets)

    $44,640,000
    Show all (9) 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 184 $19,720,000 $107,174 $3,497 4.73%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 37 $6,245,000 $168,784 $4,163 4.72%
    Richmond-Berea, KY (FHA|USDA|VA) 29 $4,415,000 $152,241 $3,607 4.63%
    Mount Sterling, KY (FHA|USDA|VA) 36 $3,920,000 $108,889 $2,749 4.64%
    London, KY (FHA|USDA|VA) 26 $2,400,000 $92,308 $3,243 4.78%
    LOUISVILLE, KY (FHA|USDA|VA) 11 $1,925,000 $175,000 $3,963 4.67%
    Campbellsville, KY (FHA|USDA|VA) 17 $1,605,000 $94,412 $3,252 4.70%
    Somerset, KY (FHA|USDA|VA) 12 $1,260,000 $105,000 $3,885 4.58%
    Danville, KY (FHA|USDA|VA) 9 $1,015,000 $112,778 $3,536 4.82%
    Frankfort, KY (FHA|USDA|VA) 7 $945,000 $135,000 $4,124 4.75%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 7 $585,000 $83,571 $2,543 4.48%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 2 $230,000 $115,000 $3,449 4.56%
    Bardstown, KY (FHA|USDA|VA) 1 $105,000 $105,000 $1,526 5.00%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $85,000 $85,000 $4,825 4.38%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $85,000 $85,000 $2,020 4.88%
    Maysville, KY (FHA|USDA|VA) 1 $55,000 $55,000 $2,322 5.63%
    Middlesborough, KY (FHA|USDA|VA) 1 $45,000 $45,000 $2,842 4.75%
    Mortgage Suppliers's top markets include Lexington, Richmond, Mount Sterling, London, and Louisville 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: 32
    L & N Federal Credit Union
    Similarity Rank: 135
    Commercial Bank
    Similarity Rank: 220
    COMMONWEALTH
    Similarity Rank: 312
    Peoples Exchange Bank
    Similarity Rank: 400
    MEMBERS HERITAGE Credit Union
    Similarity Rank: 640
    Guardian Savings Bank, A Federal Savings Bank
    Similarity Rank: 810
    Kentucky Bank
    Similarity Rank: 996
    MORTGAGE SUPPLIERS, INC.
    Similarity Rank: 1037
    Traditional Bank, Inc.
    Similarity Rank: 1040

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 166 $20,310,000 $122,349 $3,668 4.76%
    USDA 159 $15,855,000 $99,717 $3,264 4.62%
    Conventional 47 $7,065,000 $150,319 $3,505 4.79%
    VA 10 $1,410,000 $141,000 $3,633 4.89%

    For 2019, Mortgage Suppliers's most frequently originated type of loan was FHA, with 166 originations. Their 2nd most popular type was USDA, with 159 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 351 $40,205,000 $114,544 $3,326 4.71%
    Cash Out Refi 25 $3,275,000 $131,000 $5,184 4.71%
    Refi 6 $1,160,000 $193,333 $5,037 4.65%

    For 2019, Mortgage Suppliers's most frequently cited loan purpose was Home Purchase, with 351 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 377 $43,955,000 $116,592 $3,472 4.71%
    20 Year 4 $440,000 $110,000 $4,118 4.97%
    10 Year 1 $245,000 $245,000 $2,898 3.50%

    For 2019, Mortgage Suppliers's most frequently cited loan duration was 30 Year, with 377 originations. The 2nd most popular length was 20 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 138 $14,400,000 $104,348
    $2k-3k 40 $4,700,000 $117,500
    $<1k 14 $1,450,000 $103,571
    $3k-4k 9 $1,575,000 $175,000
    $4k-5k 2 $510,000 $255,000
    $5k+ 1 $265,000 $265,000

    Mortgage Suppliers's average total fees were $3,472, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 138 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 258 $30,060,000 $116,512
    5-6% 98 $10,420,000 $106,327
    3-4% 25 $4,095,000 $163,800

    During 2019, Mortgage Suppliers's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 258 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 179 $13,465,000 $75,223 $3,152 4.77%
    $100k-200k 177 $24,665,000 $139,350 $3,545 4.68%
    $200k-400k 25 $6,105,000 $244,200 $5,390 4.50%
    $400k-600k 1 $405,000 $405,000 $4,544 3.63%

    2019 saw Mortgage Suppliers place emphasis on $100,000 or less loans with 179 originations, totaling $13,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 221 $20,135,000 $91,109 $3,089 4.73%
    $50k-75k 103 $13,925,000 $135,194 $3,834 4.74%
    $75k-100k 39 $6,695,000 $171,667 $4,242 4.64%
    $100k-150k 17 $3,455,000 $203,235 $4,670 4.42%
    $250k+ 2 $430,000 $215,000 $2,898 4.50%

    Mortgage Suppliers lent most frequently to those with incomes in the $50k or less range, with 221 originations. The second most popular income band? $50k-75k, with 103 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 79 $8,965,000 $113,481 $3,225 4.77%
    20-30% 57 $5,725,000 $100,439 $3,366 4.62%
    40% 33 $3,735,000 $113,182 $3,305 4.71%
    50-60% 29 $5,155,000 $177,759 $5,016 4.51%
    39% 26 $2,780,000 $106,923 $3,256 4.64%
    37% 19 $2,185,000 $115,000 $3,806 4.63%
    38% 17 $1,855,000 $109,118 $2,946 4.88%
    36% 16 $1,760,000 $110,000 $3,097 4.76%
    46% 14 $1,750,000 $125,000 $2,704 4.76%
    41% 12 $1,340,000 $111,667 $3,372 4.64%
    43% 12 $1,360,000 $113,333 $4,385 4.70%
    44% 12 $1,190,000 $99,167 $3,470 4.69%
    42% 11 $1,285,000 $116,818 $3,406 4.64%
    45% 11 $1,465,000 $133,182 $3,503 4.64%
    49% 11 $1,615,000 $146,818 $3,826 4.94%
    <20% 9 $835,000 $92,778 $3,167 4.65%
    48% 7 $795,000 $113,571 $3,708 5.07%
    47% 6 $780,000 $130,000 $3,860 5.13%

    Mortgage Suppliers lent most frequently to those with DTI ratios of 30-36%, with 79 originations. The next most common DTI ratio? 20-30%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 343 $39,735,000 $115,845 $3,411 4.72%
    Not provided 27 $3,375,000 $125,000 $4,446 4.56%
    Black 7 $885,000 $126,429 $2,832 4.80%
    Asian 3 $525,000 $175,000 $4,345 4.67%
    Native Hawaiian or Islander 1 $65,000 $65,000 $2,099 4.75%
    American Indian 1 $55,000 $55,000 $2,322 5.63%

    Approval Rates

    Total approvals of all applications
    80.47%

    Mortgage Suppliers has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    57.85%

    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
    NA 382 $44,640,000 $116,859

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 56 $4,720,000 $84,286
    Single Family (1-4 Units):Site-Built 326 $39,920,000 $122,454

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 2 $200,000 $100,000 $2,787 4.31%
    60-80% 22 $2,970,000 $135,000 $3,789 4.55%
    80-100% 282 $33,670,000 $119,397 $3,363 4.75%
    Over 100% 75 $7,735,000 $103,133 $3,856 4.63%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    360 Mortgage Inc. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%