Glasgow Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Glasgow averaged 7.25% for the week of 2025-06-18, compared to the national average of 6.81% for the same period.

    The average rate for the prior week (2025-06-12) was 7.28% and one month ago for the week of 2025-05-15, the average rate was 7.15%.

    Glasgow's average rate one year ago was 7.19%.

    For refis of the same type during the week of 2025-06-18, the average rate was 7.41%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-06-18 6.81%
    Glasgow 30 Year Fixed Rate 2025-06-18 7.25%
    Glasgow 30 Year Fixed Rate Refi 2025-06-18 7.41%
    Glasgow 15 Year Fixed Rate 2025-06-18 6.06%
    Glasgow 15 Year Fixed Rate Refi 2025-06-18 6.16%
    Glasgow 30 Year FHA 2025-06-18 -0.23%
    Glasgow 30 Year FHA Refi 2025-06-18 0%
    Glasgow 30 Year USDA 2025-06-18 0.2%
    Glasgow 30 Year USDA Refi 2025-06-18 -0.2%
    Glasgow 30 Year VA 2025-06-18 0.2%
    Glasgow 30 Year VA Refi 2025-06-18 -0.2%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Glasgow, KY.

    Glasgow 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 Glasgow, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Edmonton State Bank 74 7.32% $3,180
    SOUTH CENTRAL BANK, INC. 43 6.70% $2,881
    QUICKEN LOANS, LLC 19 6.88% $6,156
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 15 7.11% $4,995
    Abound Federal Credit Union 10 6.19% $2,993
    U.S. Bank 8 6.78% $3,709
    STOCKTON MORTGAGE CORPORATION 7 6.79% $5,385
    Farm Credit Mid-America, ACA 5 7.25% $4,046
    Peoples Bank 5 6.65% $3,773
    Magnolia Bank 5 7.32% $3,669
    EVANSVILLE TEACHERS 5 6.78% $3,931
    UNITED WHOLESALE MORTGAGE, LLC 5 6.92% $6,633
    VANDERBILT MORTGAGE AND FINANCE, INC. 5 7.65% $6,338
    Truist 4 6.78% $3,643
    ROSS MORTGAGE CORPORATION 4 7.06% $4,509
    German American Bank 4 6.59% $3,422
    The Cecilian Bank 3 7.09% $2,970
    FIRST COMMUNITY MORTGAGE, INC. 2 6.25% $6,828
    Mortgage Research Center, LLC 2 7.13% $2,641
    Community Trust Bank, Inc. 2 5.31% $2,182
    JPMorgan Chase Bank 2 6.81% $3,704
    UNION HOME MORTGAGE CORP. 2 6.81% $5,443
    First Harrison Bank 2 7.62% $4,016
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.88% $10,425
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $7,947
    Prosperity Home Mortgage, LLC 1 6.38% $5,078
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.88% $3,422
    RUOFF MORTGAGE COMPANY, INC. 1 6.50% $3,689
    SIRVA MORTGAGE, INC. 1 6.50% $1,972
    Traditional Bank, Inc. 1 6.38% $5,161
    Wells Fargo Bank 1 6.63% $3,994
    21ST MORTGAGE CORPORATION 1 9.44% $8,025
    ZILLOW HOME LOANS, LLC 1 6.63% $5,235
    Bank of Buffalo 1 8.50% $3,182
    Century Mortgage Company DBA Century Lending Company 1 6.50% $8,738
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.99% $5,838
    EVERETT FINANCIAL, INC. 1 7.00% $5,757
    Fifth Third Bank 1 6.63% $4,008
    FirstBank 1 6.88% $7,807
    GUARANTEED RATE, INC. 1 6.05% $4,568
    Guardian Savings Bank, A Federal Savings Bank 1 6.50% $2,498
    HALLMARK HOME MORTGAGE, LLC 1 6.63% $4,469
    Independence Bank of Kentucky 1 7.38% $2,859
    Leader Bank 1 6.88% $4,057
    LENOX FINANCIAL MORTGAGE CORPORATION 1 6.50% $4,318
    LOANDEPOT.COM, LLC 1 5.99% $7,328
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 7.00% $4,115
    Morgantown Bank & Trust Company, Incorporated 1 4.75% $2,932
    Mr. Cooper ( Nationstar Mortgage ) 1 7.63% $3,897
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.99% $9,960
    NAVY FEDERAL CREDIT UNION 1 6.75% $6,645
    NexBank 1 7.50% $3,682
    Paramount Residential Mortgage Group, Inc. 1 6.99% $10,046
    PENNYMAC LOAN SERVICES, LLC 1 7.12% $3,875
    PNC Bank 1 8.00% $3,953

    Glasgow Average Closing Costs & Other Stats

    Glasgow, KY's 55 lenders originated 1,050 loans during 2024. The total origination value was $174,990,000, with an average loan value of $166,657.

    Glasgow's average closing costs are $4,344.

    The top Glasgow lender as defined by loan originations is Edmonton State Bank, with 74 loans originated. Their average total fees are $3,180, which is $299 higher than the next largest lender, SOUTH CENTRAL BANK, INC..

    The lowest fee Glasgow lenders (with over 10 loans originated) are SOUTH CENTRAL BANK, INC. ($2,881), Abound Federal Credit Union ($2,993), Edmonton State Bank ($3,180), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($4,995) and QUICKEN LOANS, LLC ($6,156).

    The lowest rate Glasgow lenders (with over 10 loans originated) are Abound Federal Credit Union (6.19%), SOUTH CENTRAL BANK, INC. (6.70%), QUICKEN LOANS, LLC (6.88%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (7.11%) and Edmonton State Bank (7.32%).

    Glasgow, 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
    Edmonton State Bank $34,155,000 $27,660,000 -19.0% 15.8%
    SOUTH CENTRAL BANK, INC. $24,925,000 $25,505,000 2.3% 14.6%
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. $9,750,000 $10,890,000 11.7% 6.2%
    QUICKEN LOANS, LLC $4,495,000 $7,925,000 76.3% 4.5%
    Independence Bank of Kentucky $7,005,000 n/a 4.0%
    Community Trust Bank, Inc. $235,000 $6,500,000 2,666.0% 3.7%
    Abound Federal Credit Union $2,645,000 $5,820,000 120.0% 3.3%
    U.S. Bank $3,795,000 $5,105,000 34.5% 2.9%
    Mortgage Research Center, LLC $3,700,000 $4,490,000 21.4% 2.6%
    UNITED WHOLESALE MORTGAGE, LLC $3,100,000 $4,405,000 42.1% 2.5%
    STOCKTON MORTGAGE CORPORATION $6,630,000 $4,285,000 -35.4% 2.4%
    ROSS MORTGAGE CORPORATION $4,460,000 $3,985,000 -10.7% 2.3%
    EVANSVILLE TEACHERS $4,085,000 $3,580,000 -12.4% 2.0%
    German American Bank $3,990,000 $3,580,000 -10.3% 2.0%
    Farm Credit Mid-America, ACA $1,530,000 $2,765,000 80.7% 1.6%
    VANDERBILT MORTGAGE AND FINANCE, INC. $1,930,000 $2,645,000 37.0% 1.5%
    Magnolia Bank $1,110,000 $2,550,000 129.7% 1.5%
    Morton Community Bank $2,285,000 n/a 1.3%
    RUOFF MORTGAGE COMPANY, INC. $2,035,000 $1,935,000 -4.9% 1.1%
    FREEDOM MORTGAGE CORPORATION $185,000 $1,720,000 829.7% 1.0%
    The Cecilian Bank $1,355,000 $1,610,000 18.8% 0.9%
    Peoples Bank $1,100,000 $1,435,000 30.5% 0.8%
    PENNYMAC LOAN SERVICES, LLC $1,150,000 $1,395,000 21.3% 0.8%
    American Bank & Trust Company, Inc. $630,000 $1,390,000 120.6% 0.8%
    Century Mortgage Company DBA Century Lending Company $2,295,000 $1,365,000 -40.5% 0.8%
    EVERETT FINANCIAL, INC. $1,045,000 $1,350,000 29.2% 0.8%
    BROKER SOLUTIONS, INC. $870,000 $1,315,000 51.1% 0.8%
    FIRST COMMUNITY MORTGAGE, INC. $435,000 $1,290,000 196.6% 0.7%
    UNION HOME MORTGAGE CORP. $295,000 $1,280,000 333.9% 0.7%
    Farmers Bank and Trust Company $540,000 $1,145,000 112.0% 0.7%
    MUTUAL OF OMAHA MORTGAGE, INC. $145,000 $1,095,000 655.2% 0.6%
    Truist $1,550,000 $1,030,000 -33.5% 0.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $475,000 $985,000 107.4% 0.6%
    LAKEVIEW LOAN SERVICING, LLC $265,000 $905,000 241.5% 0.5%
    Bank of Edmonson County $785,000 $845,000 7.6% 0.5%
    Paramount Residential Mortgage Group, Inc. $185,000 $795,000 329.7% 0.5%
    LOANDEPOT.COM, LLC $85,000 $675,000 694.1% 0.4%
    Morgantown Bank & Trust Company, Incorporated $515,000 $640,000 24.3% 0.4%
    Carrington Mortgage Services, LLC $290,000 $585,000 101.7% 0.3%
    SUCCESS MORTGAGE PARTNERS, INC. $585,000 n/a 0.3%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $185,000 $555,000 200.0% 0.3%
    Fifth Third Bank $1,035,000 $540,000 -47.8% 0.3%
    Traditional Bank, Inc. $495,000 n/a 0.3%
    FirstBank $345,000 $490,000 42.0% 0.3%
    PNC Bank $110,000 $480,000 336.4% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $380,000 $465,000 22.4% 0.3%
    21ST MORTGAGE CORPORATION $1,930,000 $455,000 -76.4% 0.3%
    MORTGAGE ACCESS CORP. $455,000 n/a 0.3%
    First Harrison Bank $430,000 n/a 0.2%
    AMERISAVE MORTGAGE CORPORATION $635,000 $425,000 -33.1% 0.2%
    SERVICE ONE $1,340,000 $415,000 -69.0% 0.2%
    CARDINAL FINANCIAL $410,000 n/a 0.2%
    The Federal Savings Bank $405,000 n/a 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $395,000 n/a 0.2%
    GUARANTEED RATE, INC. $265,000 $395,000 49.1% 0.2%
    Leader Bank $395,000 n/a 0.2%
    Regions Bank $280,000 $395,000 41.1% 0.2%
    ZILLOW HOME LOANS, LLC $225,000 $380,000 68.9% 0.2%
    RELIANCE FIRST CAPITAL, LLC $255,000 $370,000 45.1% 0.2%
    LENOX FINANCIAL MORTGAGE CORPORATION $365,000 n/a 0.2%
    HALLMARK HOME MORTGAGE, LLC $345,000 n/a 0.2%
    NAVY FEDERAL CREDIT UNION $1,545,000 $345,000 -77.7% 0.2%
    The Citizens National Bank of Somerset $335,000 n/a 0.2%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $325,000 n/a 0.2%
    COUNTRYPLACE MORTGAGE, LTD. $315,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $450,000 $315,000 -30.0% 0.2%
    The Monticello Banking Company $1,305,000 $290,000 -77.8% 0.2%
    JPMorgan Chase Bank $545,000 $260,000 -52.3% 0.1%
    PLANET HOME LENDING, LLC $460,000 $255,000 -44.6% 0.1%
    PREMIER MORTGAGE RESOURCES, L.L.C. $255,000 n/a 0.1%
    SIRVA MORTGAGE, INC. $255,000 n/a 0.1%
    AXIA FINANCIAL, LLC $245,000 n/a 0.1%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $245,000 n/a 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $235,000 n/a 0.1%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $245,000 $225,000 -8.2% 0.1%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $225,000 n/a 0.1%
    PHH Mortgage Corporation $85,000 $215,000 152.9% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $215,000 n/a 0.1%
    VILLAGE CAPITAL MORTGAGE $255,000 $215,000 -15.7% 0.1%
    First Horizon Bank $205,000 n/a 0.1%
    First Southern National Bank $205,000 n/a 0.1%
    Macon Bank and Trust Company $205,000 n/a 0.1%
    Pinnacle Bank $75,000 $195,000 160.0% 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $195,000 n/a 0.1%
    GENEVA FINANCIAL, LLC $685,000 $185,000 -73.0% 0.1%
    NEWREZ LLC $270,000 $185,000 -31.5% 0.1%
    SWBC MORTGAGE CORPORATION $185,000 n/a 0.1%
    The Sacramento Deposit Bank $185,000 n/a 0.1%
    Community First National Bank $175,000 n/a 0.1%
    Prosperity Home Mortgage, LLC $175,000 n/a 0.1%
    Bank of Buffalo $135,000 $160,000 18.5% 0.1%
    SOUTHWEST STAGE FUNDING, LLC $155,000 n/a 0.1%
    UNIVERSITY OF KENTUCKY $165,000 $155,000 -6.1% 0.1%
    First Financial Bank $115,000 $145,000 26.1% 0.1%
    Guardian Savings Bank, A Federal Savings Bank $145,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $75,000 $130,000 73.3% 0.1%
    Discover Bank $45,000 $120,000 166.7% 0.1%
    OAKTREE FUNDING CORP. $115,000 n/a 0.1%
    COMMONWEALTH $155,000 $110,000 -29.0% 0.1%
    Central Bank $105,000 n/a 0.1%
    Wells Fargo Bank $160,000 $105,000 -34.4% 0.1%
    Northpointe Bank $600,000 $90,000 -85.0% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $375,000 $85,000 -77.3% 0.0%
    AMERICAN FINANCING CORPORATION $75,000 n/a 0.0%
    NexBank $75,000 n/a 0.0%
    PARK COMMUNITY CREDIT UNION, INC. $45,000 $75,000 66.7% 0.0%
    WRIGHT-PATT CREDIT UNION, INC. $75,000 n/a 0.0%
    Coastal Community Bank $85,000 $65,000 -23.5% 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $65,000 n/a 0.0%
    The Lincoln National Bank of Hodgenville $65,000 n/a 0.0%
    TOP FLITE FINANCIAL, INC. $65,000 n/a 0.0%
    Centra Credit Union $230,000 $55,000 -76.1% 0.0%
    West Point Bank $220,000 $55,000 -75.0% 0.0%
    Citizens Bank of Lafayette $90,000 $50,000 -44.4% 0.0%
    Bank of America $25,000 n/a 0.0%
    Citibank $25,000 n/a 0.0%
    Citizens Bank $1,210,000 $25,000 -97.9% 0.0%

    Glasgow's top lender by overall market share is Edmonton State Bank, with 15.8% market share. In second place, with 14.6%, is SOUTH CENTRAL BANK, INC., having originated $25,505,000 in loans. In third place, with 6.2%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $10,890,000 in loans. In fourth place, with 4.5%, is QUICKEN LOANS, LLC, having originated $7,925,000 in loans. In fifth place, with 4.0%, is Independence Bank of Kentucky, having originated $7,005,000 in loans.

    Glasgow, KY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 550 $115,710,000 $210,382
    Refi 174 $27,980,000 $160,805
    Home Improvement 114 $7,040,000 $61,754
    Other 109 $8,375,000 $76,835
    Cash Out Refi 103 $15,885,000 $154,223

    Glasgow's most frequently cited loan purpose was Home Purchase, with 550 originations. The 2nd most popular reason was Refi, with 174 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 328 $67,120,000 $204,634
    Over 8% 280 $23,570,000 $84,179
    7-8% 266 $55,330,000 $208,008
    5-6% 103 $20,485,000 $198,883
    3-4% 26 $280,000 $10,769
    <2.5% 15 $1,165,000 $77,667
    4-5% 4 $1,220,000 $305,000
    2.5-3% 4 $1,130,000 $282,500

    During 2024, Glasgow's most frequently originated rate bucket was 6-7%, with 328 originations.

    Loan Sizing (Glasgow, KY MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 393 $20,425,000 $51,972
    $100k-200k 356 $53,600,000 $150,562
    $200k-400k 262 $68,470,000 $261,336
    $400k-600k 31 $14,285,000 $460,806
    $Over $1MM 5 $16,175,000 $3,235,000
    $600k-1000k 3 $2,035,000 $678,333

    Glasgow's loan sizing saw the bucket of loans from $100,000 or less with 393 originations, totaling $20,425,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 353 $78,775,000 $223,159
    60-80% 184 $43,370,000 $235,707
    20-40% 174 $15,110,000 $86,839
    Under 20% 163 $5,795,000 $35,552
    40-60% 117 $19,825,000 $169,444
    Over 100% 24 $5,160,000 $215,000

    Glasgow's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 353 originations, totaling $78,775,000 in origination value.