Central City Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Central City averaged 5.58% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 5.79% and one month ago for the week of 2022-05-26, the average rate was 5.38%.

Central City's average rate one year ago was 3.26%.

For refis of the same type during the week of 2022-06-30, the average rate was 6.11%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Central City 30 Year Fixed Rate 2022-06-30 5.58%
Central City 30 Year Fixed Rate Refi 2022-06-30 6.11%
Central City 15 Year Fixed Rate 2022-06-30 6.05%
Central City 15 Year Fixed Rate Refi 2022-06-30 5.33%
Central City 30 Year FHA 2022-06-30 6.15%
Central City 30 Year FHA Refi 2022-06-30 5.83%
Central City 30 Year USDA 2022-06-30 5.58%
Central City 30 Year USDA Refi 2022-06-30 5.74%
Central City 30 Year VA 2022-06-30 5.63%
Central City 30 Year VA Refi 2022-06-30 5.23%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Central City, KY.

Central City Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Old National Bank 26 3.33% $1,681
STOCKTON MORTGAGE CORPORATION 23 3.09% $2,723
QUICKEN LOANS, LLC 18 3.23% $4,560
EVANSVILLE TEACHERS 7 3.05% $2,275
AMERICAN MORTGAGE SERVICE COMPANY 5 3.18% $3,150
HOME POINT FINANCIAL CORPORATION 3 3.50% $2,650
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 3.25% $5,171
Citizens Bank 3 3.04% $2,439
Farm Credit Mid-America, ACA 3 3.53% $6,151
GUARANTY HOME MORTGAGE CORPORATION 3 3.16% $2,875
U.S. Bank 3 3.29% $4,085
Flagstar Bank, FSB 3 3.14% $4,503
RUOFF MORTGAGE COMPANY, INC. 2 2.94% $2,682
AMERISAVE MORTGAGE CORPORATION 2 2.94% $2,917
JPMorgan Chase Bank 2 3.06% $2,291
MOVEMENT MORTGAGE, LLC 2 3.44% $1,437
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.49% $3,110
Independence Bank of Kentucky 2 3.38% $3,471
LOANDEPOT.COM, LLC 2 4.06% $2,292
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.88% $2,264
NBKC BANK 1 2.63% $1,682
NEWREZ LLC 1 2.88% $1,861
PENNYMAC LOAN SERVICES, LLC 1 3.50% $4,249
SOUTH CENTRAL BANK, INC. 1 2.50% $2,000
THRIVE MORTGAGE, LLC 1 3.25% $1,841
UNITED WHOLESALE MORTGAGE, LLC 1 2.99% $8,065
Ally Bank 1 3.50% $2,539
Wells Fargo Bank 1 4.38% $616
ALTRA 1 3.63% $2,699
Bank of America 1 2.88% $3,466
BETTER MORTGAGE CORPORATION 1 3.00% $2,023
BROKER SOLUTIONS, INC. 1 2.99% $5,447
CALIBER HOME LOANS, INC. 1 4.00% $1,507
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 3.63% $3,310
EVERETT FINANCIAL, INC. 1 3.63% $1,854
First Southern National Bank 1 3.10% $503
Flanagan State Bank 1 3.50% $2,761
INSIGHT 1 2.88% $3,095
KELLER MORTGAGE, LLC 1 3.25% $2,986
Lakeview Community Capital, LLC 1 3.25% $6,683
LAND HOME FINANCIAL SERVICES, INC. 1 3.38% $3,548
MMS MORTGAGE SERVICES, LTD. 1 3.50% $7,419
Morgantown Bank & Trust Company, Incorporated 1 4.25% $1,978
MORTGAGE INVESTORS GROUP, INC. 1 3.38% $3,481
MORTGAGE MASTERS OF INDIANA, INC. 1 2.38% $4,911
MORTGAGE SUPPLIERS, INC. 1 2.75% $5,813

Central City, KY's 46 lenders originated 728 loans during 2021. The total origination value was $93,100,000, with an average loan value of $127,885.

The top Central City lender as defined by loan originations is Old National Bank, with 26 loans originated. Their average total fees are $1,681, which is $1,042 lower than the next largest lender, STOCKTON MORTGAGE CORPORATION.

The lowest fee Central City lenders (with over 10 loans originated) are Old National Bank ($1,681), STOCKTON MORTGAGE CORPORATION ($2,723), QUICKEN LOANS, LLC ($4,560), .

The lowest rate Central City lenders (with over 10 loans originated) are STOCKTON MORTGAGE CORPORATION (3.09%), QUICKEN LOANS, LLC (3.23%), Old National Bank (3.33%), .

Central City, KY Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Old National Bank $13,980,000 $13,915,000 -0.5% 14.9%
Farmers Bank and Trust Company $12,280,000 $11,805,000 -3.9% 12.7%
STOCKTON MORTGAGE CORPORATION $6,880,000 $7,570,000 10.0% 8.1%
QUICKEN LOANS, LLC $7,880,000 $7,325,000 -7.0% 7.9%
First Southern National Bank $6,075,000 $7,020,000 15.6% 7.5%
EVANSVILLE TEACHERS $4,645,000 $3,380,000 -27.2% 3.6%
AMERICAN MORTGAGE SERVICE COMPANY $1,385,000 $2,350,000 69.7% 2.5%
FREEDOM MORTGAGE CORPORATION $1,475,000 $2,040,000 38.3% 2.2%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $1,055,000 $1,860,000 76.3% 2.0%
Mortgage Research Center, LLC $1,000,000 $1,705,000 70.5% 1.8%
RUOFF MORTGAGE COMPANY, INC. $720,000 $1,635,000 127.1% 1.8%
GERSHMAN INVESTMENT CORP. $55,000 $1,585,000 2,781.8% 1.7%
CALIBER HOME LOANS, INC. $690,000 $1,455,000 110.9% 1.6%
U.S. Bank $785,000 $1,445,000 84.1% 1.6%
LOANDEPOT.COM, LLC $635,000 $1,305,000 105.5% 1.4%
NAVY FEDERAL CREDIT UNION $140,000 $1,300,000 828.6% 1.4%
21ST MORTGAGE CORPORATION $620,000 $1,240,000 100.0% 1.3%
AMERISAVE MORTGAGE CORPORATION $680,000 $1,240,000 82.4% 1.3%
PENNYMAC LOAN SERVICES, LLC $440,000 $980,000 122.7% 1.1%
Farm Credit Mid-America, ACA $705,000 $950,000 34.8% 1.0%
Flagstar Bank, FSB $820,000 n/a 0.9%
Carrington Mortgage Services, LLC $230,000 $725,000 215.2% 0.8%
Independence Bank of Kentucky $590,000 $720,000 22.0% 0.8%
JPMorgan Chase Bank $415,000 $705,000 69.9% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $265,000 $615,000 132.1% 0.7%
VANDERBILT MORTGAGE AND FINANCE, INC. $275,000 $585,000 112.7% 0.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $845,000 $560,000 -33.7% 0.6%
MOVEMENT MORTGAGE, LLC $1,130,000 $550,000 -51.3% 0.6%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,815,000 $550,000 -69.7% 0.6%
UNITED WHOLESALE MORTGAGE, LLC $415,000 $545,000 31.3% 0.6%
Bank of England $160,000 $540,000 237.5% 0.6%
Wells Fargo Bank $1,090,000 $520,000 -52.3% 0.6%
Fifth Third Bank $120,000 $470,000 291.7% 0.5%
Citizens Bank $290,000 $465,000 60.3% 0.5%
HOME POINT FINANCIAL CORPORATION $370,000 $445,000 20.3% 0.5%
SOUTH CENTRAL BANK, INC. $335,000 $430,000 28.4% 0.5%
Magnolia Bank $475,000 $410,000 -13.7% 0.4%
American Bank & Trust Company, Inc. $385,000 n/a 0.4%
MORTGAGE INVESTORS GROUP, INC. $370,000 n/a 0.4%
FIRST COMMUNITY MORTGAGE, INC. $355,000 n/a 0.4%
NBKC BANK $355,000 n/a 0.4%
GUARANTY HOME MORTGAGE CORPORATION $165,000 $345,000 109.1% 0.4%
Wilson & Muir Bank & Trust Company $305,000 n/a 0.3%
Morgantown Bank & Trust Company, Incorporated $15,000 $300,000 1,900.0% 0.3%
Bank of America $295,000 n/a 0.3%
KELLER MORTGAGE, LLC $285,000 n/a 0.3%
The Central Trust Bank $285,000 n/a 0.3%
HOMESIDE FINANCIAL, LLC $270,000 n/a 0.3%
1ST SIGNATURE LENDING, LLC $265,000 n/a 0.3%
BETTER MORTGAGE CORPORATION $265,000 n/a 0.3%
EVERETT FINANCIAL, INC. $650,000 $265,000 -59.2% 0.3%
INSIGHT $265,000 n/a 0.3%
USAA Federal Savings Bank $255,000 n/a 0.3%
BROKER SOLUTIONS, INC. $105,000 $230,000 119.0% 0.2%
GVC MORTGAGE, INC. $230,000 n/a 0.2%
MMS MORTGAGE SERVICES, LTD. $215,000 n/a 0.2%
MORTGAGE SUPPLIERS, INC. $215,000 n/a 0.2%
COMMONWEALTH $565,000 $205,000 -63.7% 0.2%
Lakeview Community Capital, LLC $205,000 n/a 0.2%
MORTGAGE MASTERS OF INDIANA, INC. $115,000 $195,000 69.6% 0.2%
NEW DAY FINANCIAL, LLC $200,000 $195,000 -2.5% 0.2%
SWBC MORTGAGE CORPORATION $195,000 n/a 0.2%
CROSSCOUNTRY MORTGAGE, LLC $320,000 $185,000 -42.2% 0.2%
GENERAL ELECTRIC CREDIT UNION $185,000 n/a 0.2%
GENEVA FINANCIAL, LLC $185,000 n/a 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $175,000 $185,000 5.7% 0.2%
PARK COMMUNITY CREDIT UNION, INC. $185,000 n/a 0.2%
Wyndham Capital Mortgage, Inc. $185,000 n/a 0.2%
Colten Mortgage, LLC $165,000 n/a 0.2%
LAND HOME FINANCIAL SERVICES, INC. $165,000 n/a 0.2%
Legends Bank $165,000 n/a 0.2%
SOUTHWEST FUNDING, LP $155,000 n/a 0.2%
THRIVE MORTGAGE, LLC $155,000 n/a 0.2%
Republic Bank & Trust Company $145,000 n/a 0.2%
Sierra Pacific Mortgage Company, Inc. $145,000 n/a 0.2%
Low VA Rates, LLC $125,000 $135,000 8.0% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $95,000 $135,000 42.1% 0.1%
Plains Commerce Bank $135,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $125,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $115,000 n/a 0.1%
PHH Mortgage Corporation $115,000 n/a 0.1%
Reliant Bank $115,000 n/a 0.1%
West Point Bank $115,000 n/a 0.1%
ALTRA $105,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $105,000 n/a 0.1%
Regions Bank $105,000 n/a 0.1%
PLANET HOME LENDING, LLC $555,000 $95,000 -82.9% 0.1%
Truist Bank $650,000 $90,000 -86.2% 0.1%
Ally Bank $85,000 n/a 0.1%
Flanagan State Bank $75,000 n/a 0.1%
GUILD MORTGAGE COMPANY $75,000 n/a 0.1%
Paramount Bank $75,000 n/a 0.1%
VILLAGE CAPITAL & INVESTMENT LLC $455,000 $75,000 -83.5% 0.1%
Abound Federal Credit Union $65,000 n/a 0.1%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $65,000 n/a 0.1%
Discover Bank $35,000 $65,000 85.7% 0.1%
FirstBank $150,000 $65,000 -56.7% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $55,000 n/a 0.1%
The Huntington National Bank $55,000 n/a 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $45,000 n/a 0.0%
NEWREZ LLC $45,000 n/a 0.0%
First Financial Bank $25,000 n/a 0.0%
TriStar Bank $25,000 n/a 0.0%

Central City's top lender by overall market share is Old National Bank, with 14.9% market share. In second place, with 12.7%, is Farmers Bank and Trust Company, having originated $11,805,000 in loans. In third place, with 8.1%, is STOCKTON MORTGAGE CORPORATION, having originated $7,570,000 in loans. In third place, with 7.9%, is QUICKEN LOANS, LLC, having originated $7,325,000 in loans. In third place, with 7.5%, is First Southern National Bank, having originated $7,020,000 in loans.


Central City, KY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Refi 306 $37,250,000 $121,732
Home Purchase 297 $41,965,000 $141,296
Cash Out Refi 74 $11,000,000 $148,649
Home Improvement 29 $1,545,000 $53,276
Other 22 $1,340,000 $60,909

Central City's most frequently cited loan purpose was Refi, with 306 originations. The 2nd most popular reason was Home Purchase, with 297 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 269 $33,595,000 $124,888
2.5-3% 192 $27,290,000 $142,135
<2.5% 85 $12,655,000 $148,882
4-5% 45 $3,565,000 $79,222
5-6% 20 $1,700,000 $85,000
Over 8% 8 $740,000 $92,500
6-7% 7 $635,000 $90,714
7-8% 3 $285,000 $95,000

During 2021, Central City's most frequently originated rate bucket was 3-4%, with 269 originations.

Loan Sizing (Central City, KY MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 315 $44,605,000 $141,603
$100,000 or less 314 $19,690,000 $62,707
$200k-400k 92 $24,480,000 $266,087
$400k-600k 5 $2,245,000 $449,000
$600k-1000k 1 $755,000 $755,000
$Over $1MM 1 $1,325,000 $1,325,000

Central City's loan sizing saw the bucket of loans from $100k-200k with 315 originations, totaling $44,605,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 269 $38,955,000 $144,814
60-80% 190 $26,570,000 $139,842
40-60% 78 $7,320,000 $93,846
20-40% 38 $2,480,000 $65,263
Under 20% 22 $500,000 $22,727
Over 100% 6 $1,140,000 $190,000

Central City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 269 originations, totaling $38,955,000 in origination value.