Central City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Central City averaged
7.09%
for the week of 2025-04-10, compared to the national average of
6.62% for the same period.
The average rate for the prior week (2025-04-03) was
6.71% and
one month ago for the week of 2025-03-06, the
average rate was 6.7%.
Central City's average rate one year ago was 7.29%.
For refis of the same type during the week of 2025-04-10, the average rate
was 7.12%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-10 | 6.62% |
| Central City 30 Year Fixed Rate | 2025-04-10 | 7.09% |
| Central City 30 Year Fixed Rate Refi | 2025-04-10 | 7.12% |
| Central City 15 Year Fixed Rate | 2025-04-10 | 5.92% |
| Central City 15 Year Fixed Rate Refi | 2025-04-10 | 5.92% |
| Central City 30 Year FHA | 2025-04-10 | 6.33% |
| Central City 30 Year FHA Refi | 2025-04-10 | 6.63% |
| Central City 30 Year USDA | 2025-04-10 | 6.55% |
| Central City 30 Year USDA Refi | 2025-04-10 | 6.55% |
| Central City 30 Year VA | 2025-04-10 | 6.39% |
| Central City 30 Year VA Refi | 2025-04-10 | 6.29% |
Central City Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Central City, KY market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Central City Average Closing Costs & Other Stats
Central City, KY's 40 lenders originated 462
loans during 2024. The total origination value was $59,640,000, with an average loan value of
$129,091.
Central City's average closing costs are $4,407.
The top Central City lender as defined by loan originations is EVANSVILLE TEACHERS, with
9 loans originated. Their average total fees are
$2,927, which is $1,212
lower than the next largest lender,
STOCKTON MORTGAGE CORPORATION.
The lowest fee Central City lenders (with over 10 loans originated) are
.
The lowest rate Central City lenders (with over 10 loans originated) are
.
Central City, KY Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Farmers Bank and Trust Company | $4,775,000 | $6,745,000 | 41.3% | 11.3% |
| First Southern National Bank | $6,440,000 | $4,885,000 | -24.1% | 8.2% |
| Old National Bank | $4,675,000 | $4,560,000 | -2.5% | 7.6% |
| STOCKTON MORTGAGE CORPORATION | $1,640,000 | $3,965,000 | 141.8% | 6.6% |
| Mortgage Research Center, LLC | $2,810,000 | $3,870,000 | 37.7% | 6.5% |
| EVERETT FINANCIAL, INC. | $2,870,000 | $2,755,000 | -4.0% | 4.6% |
| QUICKEN LOANS, LLC | $3,130,000 | $2,550,000 | -18.5% | 4.3% |
| EVANSVILLE TEACHERS | $1,920,000 | $2,480,000 | 29.2% | 4.2% |
| Magnolia Bank | $980,000 | $1,485,000 | 51.5% | 2.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $740,000 | $1,270,000 | 71.6% | 2.1% |
| PENNYMAC LOAN SERVICES, LLC | $165,000 | $1,185,000 | 618.2% | 2.0% |
| FREEDOM MORTGAGE CORPORATION | $75,000 | $1,170,000 | 1,460.0% | 2.0% |
| Farm Credit Mid-America, ACA | $1,030,000 | $1,150,000 | 11.7% | 1.9% |
| 21ST MORTGAGE CORPORATION | $735,000 | $990,000 | 34.7% | 1.7% |
| U.S. Bank | $615,000 | $925,000 | 50.4% | 1.6% |
| NAVY FEDERAL CREDIT UNION | $635,000 | $810,000 | 27.6% | 1.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $325,000 | $760,000 | 133.8% | 1.3% |
| HOMESIDE FINANCIAL, LLC | $670,000 | n/a | 1.1% | |
| Ixonia Bank | $645,000 | n/a | 1.1% | |
| USAA Federal Savings Bank | $455,000 | $615,000 | 35.2% | 1.0% |
| GUARANTEED RATE, INC. | $535,000 | n/a | 0.9% | |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $520,000 | $530,000 | 1.9% | 0.9% |
| PLANET HOME LENDING, LLC | $75,000 | $530,000 | 606.7% | 0.9% |
| NEWREZ LLC | $520,000 | n/a | 0.9% | |
| Independence Bank of Kentucky | $90,000 | $515,000 | 472.2% | 0.9% |
| The Sacramento Deposit Bank | $2,105,000 | $470,000 | -77.7% | 0.8% |
| Heartland Bank and Trust Company | $425,000 | n/a | 0.7% | |
| BROKER SOLUTIONS, INC. | $420,000 | n/a | 0.7% | |
| UNION HOME MORTGAGE CORP. | $405,000 | n/a | 0.7% | |
| MOVEMENT MORTGAGE, LLC | $75,000 | $390,000 | 420.0% | 0.7% |
| BMO Harris Bank | $385,000 | n/a | 0.6% | |
| CHURCHILL MORTGAGE CORPORATION | $380,000 | n/a | 0.6% | |
| MORTGAGE ACCESS CORP. | $375,000 | n/a | 0.6% | |
| COMMUNITY MORTGAGE CORPORATION | $325,000 | n/a | 0.5% | |
| Carrington Mortgage Services, LLC | $340,000 | $320,000 | -5.9% | 0.5% |
| TRIAD FINANCIAL SERVICES, INC. | $185,000 | $320,000 | 73.0% | 0.5% |
| COMMONWEALTH | $205,000 | $315,000 | 53.7% | 0.5% |
| FIELD & MAIN BANK, INC. | $295,000 | n/a | 0.5% | |
| Heritage Federal Credit Union | $295,000 | n/a | 0.5% | |
| Waterstone Mortgage Corporation | $275,000 | n/a | 0.5% | |
| FirstBank | $40,000 | $260,000 | 550.0% | 0.4% |
| Truist | $260,000 | n/a | 0.4% | |
| Regions Bank | $255,000 | n/a | 0.4% | |
| SUN WEST MORTGAGE COMPANY, INC. | $255,000 | n/a | 0.4% | |
| Deere Employees Credit Union | $250,000 | n/a | 0.4% | |
| UNITED MORTGAGE CORP | $245,000 | n/a | 0.4% | |
| PNC Bank | $240,000 | n/a | 0.4% | |
| AMERISAVE MORTGAGE CORPORATION | $170,000 | $225,000 | 32.4% | 0.4% |
| Wells Fargo Bank | $185,000 | $225,000 | 21.6% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $290,000 | $215,000 | -25.9% | 0.4% |
| NEW DAY FINANCIAL, LLC | $85,000 | $215,000 | 152.9% | 0.4% |
| LOANDEPOT.COM, LLC | $580,000 | $195,000 | -66.4% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $75,000 | $185,000 | 146.7% | 0.3% |
| AMERICAN FINANCING CORPORATION | $180,000 | n/a | 0.3% | |
| Equity Prime Mortgage LLC | $175,000 | n/a | 0.3% | |
| Traditional Bank, Inc. | $175,000 | n/a | 0.3% | |
| SOUTH CENTRAL BANK, INC. | $105,000 | $170,000 | 61.9% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $460,000 | $170,000 | -63.0% | 0.3% |
| Century Mortgage Company DBA Century Lending Company | $370,000 | $165,000 | -55.4% | 0.3% |
| Sierra Pacific Mortgage Company, Inc. | $165,000 | $165,000 | 0.0% | 0.3% |
| Fifth Third Bank | $130,000 | $155,000 | 19.2% | 0.3% |
| Pinnacle Bank | $155,000 | n/a | 0.3% | |
| Abound Federal Credit Union | $145,000 | n/a | 0.2% | |
| MORTGAGE MASTERS OF INDIANA, INC. | $145,000 | n/a | 0.2% | |
| LEADERONE FINANCIAL CORPORATION | $135,000 | n/a | 0.2% | |
| ENDEAVOR CAPITAL, LLC. | $105,000 | $115,000 | 9.5% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $135,000 | $115,000 | -14.8% | 0.2% |
| GVC MORTGAGE, INC. | $105,000 | n/a | 0.2% | |
| Morgantown Bank & Trust Company, Incorporated | $375,000 | $95,000 | -74.7% | 0.2% |
| LONGBRIDGE FINANCIAL, LLC | $85,000 | n/a | 0.1% | |
| First Financial Bank | $80,000 | n/a | 0.1% | |
| ALTRA | $75,000 | n/a | 0.1% | |
| RUOFF MORTGAGE COMPANY, INC. | $980,000 | $75,000 | -92.3% | 0.1% |
| ZILLOW HOME LOANS, LLC | $75,000 | n/a | 0.1% | |
| Discover Bank | $55,000 | $65,000 | 18.2% | 0.1% |
| Citizens Bank | $65,000 | $55,000 | -15.4% | 0.1% |
| CSL Financial, LLC | $55,000 | n/a | 0.1% | |
| Planters Bank, Inc. | $70,000 | $45,000 | -35.7% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $45,000 | n/a | 0.1% | |
| Coastal Community Bank | $35,000 | $15,000 | -57.1% | 0.0% |
Central City's top lender by overall market share is Farmers Bank and Trust Company, with 11.3% market share. In second place, with 8.2%, is First Southern National Bank, having originated $4,885,000 in loans. In third place, with 7.6%, is Old National Bank, having originated $4,560,000 in loans. In fourth place, with 6.6%, is STOCKTON MORTGAGE CORPORATION, having originated $3,965,000 in loans. In fifth place, with 6.5%, is Mortgage Research Center, LLC, having originated $3,870,000 in loans.
Central City, KY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 249 | $38,435,000 | $154,357 |
| Refi | 83 | $11,095,000 | $133,675 |
| Other | 49 | $2,815,000 | $57,449 |
| Home Improvement | 42 | $2,120,000 | $50,476 |
| Cash Out Refi | 39 | $5,175,000 | $132,692 |
Central City's most frequently cited loan purpose was Home Purchase, with 249 originations. The 2nd most popular reason was Refi, with 83 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 154 | $24,330,000 | $157,987 |
| 7-8% | 98 | $12,330,000 | $125,816 |
| Over 8% | 71 | $5,375,000 | $75,704 |
| 5-6% | 39 | $6,685,000 | $171,410 |
| 3-4% | 13 | $285,000 | $21,923 |
| 4-5% | 4 | $1,090,000 | $272,500 |
| 2.5-3% | 1 | $205,000 | $205,000 |
During 2024, Central City's most frequently originated rate bucket was 6-7%, with 154 originations.
Loan Sizing (Central City, KY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 210 | $11,260,000 | $53,619 |
| $100k-200k | 177 | $26,025,000 | $147,034 |
| $200k-400k | 65 | $17,215,000 | $264,846 |
| $400k-600k | 7 | $3,215,000 | $459,286 |
| $600k-1000k | 3 | $1,925,000 | $641,667 |
Central City's loan sizing saw the bucket of loans from $100,000 or less with 210 originations, totaling $11,260,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 165 | $29,555,000 | $179,121 |
| 60-80% | 73 | $10,645,000 | $145,822 |
| 20-40% | 53 | $3,185,000 | $60,094 |
| Under 20% | 41 | $1,005,000 | $24,512 |
| 40-60% | 35 | $3,305,000 | $94,429 |
| Over 100% | 6 | $1,260,000 | $210,000 |
Central City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 165 originations, totaling $29,555,000 in origination value.