Madisonville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Madisonville averaged
6.19%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.31% and
one month ago for the week of 2023-04-20, the
average rate was 6.11%.
Madisonville's average rate one year ago was 4.97%.
For refis of the same type during the week of 2023-05-25, the average rate
was 7.07%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
Madisonville 30 Year Fixed Rate | 2023-05-25 | 6.19% |
Madisonville 30 Year Fixed Rate Refi | 2023-05-25 | 7.07% |
Madisonville 15 Year Fixed Rate | 2023-05-25 | 6.07% |
Madisonville 15 Year Fixed Rate Refi | 2023-05-25 | 6.17% |
Madisonville 30 Year FHA | 2023-05-25 | 6.4% |
Madisonville 30 Year FHA Refi | 2023-05-25 | 6.61% |
Madisonville 30 Year USDA | 2023-05-25 | 6.63% |
Madisonville 30 Year USDA Refi | 2023-05-25 | 6.53% |
Madisonville 30 Year VA | 2023-05-25 | 6.21% |
Madisonville 30 Year VA Refi | 2023-05-25 | 6.61% |
Madisonville 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 Madisonville, 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.).
Madisonville Average Closing Costs & Other Stats
Madisonville, KY's 52 lenders originated 1,093
loans during 2022. The total origination value was $141,375,000, with an average loan value of
$129,346.
Madisonville's average closing costs are $4,088.
The top Madisonville lender as defined by loan originations is Independence Bank of Kentucky, with
27 loans originated. Their average total fees are
$2,781, which is $686
lower than the next largest lender,
U.S. Bank.
The lowest fee Madisonville lenders (with over 10 loans originated) are
Fifth Third Bank ($2,391), Independence Bank of Kentucky ($2,781), FIRST COMMUNITY MORTGAGE, INC. ($2,970), U.S. Bank ($3,467) and GUARANTY HOME MORTGAGE CORPORATION ($3,658).
The lowest rate Madisonville lenders (with over 10 loans originated) are
FIRST COMMUNITY MORTGAGE, INC. (4.14%), Independence Bank of Kentucky (4.50%), GUARANTY HOME MORTGAGE CORPORATION (4.89%), U.S. Bank (4.96%) and QUICKEN LOANS, LLC (5.02%).
Madisonville, 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Independence Bank of Kentucky | $29,795,000 | $15,520,000 | -47.9% | 11.0% |
QUICKEN LOANS, LLC | $12,695,000 | $11,190,000 | -11.9% | 7.9% |
Fifth Third Bank | $9,640,000 | $7,460,000 | -22.6% | 5.3% |
Farmers Bank and Trust Company | $3,660,000 | $7,170,000 | 95.9% | 5.1% |
Mortgage Research Center, LLC | $5,415,000 | $6,195,000 | 14.4% | 4.4% |
RUOFF MORTGAGE COMPANY, INC. | $10,295,000 | $6,115,000 | -40.6% | 4.3% |
U.S. Bank | $7,665,000 | $5,865,000 | -23.5% | 4.1% |
GUARANTY HOME MORTGAGE CORPORATION | $11,235,000 | $4,405,000 | -60.8% | 3.1% |
FIRST COMMUNITY MORTGAGE, INC. | $7,310,000 | $4,360,000 | -40.4% | 3.1% |
The Sacramento Deposit Bank | $4,075,000 | n/a | 2.9% | |
Old National Bank | $5,580,000 | $3,370,000 | -39.6% | 2.4% |
HOMESIDE FINANCIAL, LLC | $1,850,000 | $2,295,000 | 24.1% | 1.6% |
EVANSVILLE TEACHERS | $6,310,000 | $2,140,000 | -66.1% | 1.5% |
AMERISAVE MORTGAGE CORPORATION | $1,985,000 | $1,995,000 | 0.5% | 1.4% |
First Financial Bank | $565,000 | $1,905,000 | 237.2% | 1.3% |
Citizens Bank | $500,000 | $1,840,000 | 268.0% | 1.3% |
UNITED WHOLESALE MORTGAGE, LLC | $230,000 | $1,840,000 | 700.0% | 1.3% |
21ST MORTGAGE CORPORATION | $980,000 | $1,690,000 | 72.4% | 1.2% |
NAVY FEDERAL CREDIT UNION | $1,000,000 | $1,625,000 | 62.5% | 1.1% |
Carrington Mortgage Services, LLC | $885,000 | $1,580,000 | 78.5% | 1.1% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,030,000 | $1,435,000 | 39.3% | 1.0% |
FREEDOM MORTGAGE CORPORATION | $5,690,000 | $1,395,000 | -75.5% | 1.0% |
TOP FLITE FINANCIAL, INC. | $3,340,000 | $1,350,000 | -59.6% | 1.0% |
MORTGAGE MASTERS OF INDIANA, INC. | $4,910,000 | $1,175,000 | -76.1% | 0.8% |
Farm Credit Mid-America, ACA | $1,355,000 | $1,130,000 | -16.6% | 0.8% |
Planters Bank, Inc. | $660,000 | $1,085,000 | 64.4% | 0.8% |
GUARANTEED RATE, INC. | $335,000 | $1,080,000 | 222.4% | 0.8% |
TRIAD FINANCIAL SERVICES, INC. | $330,000 | $1,025,000 | 210.6% | 0.7% |
USAA Federal Savings Bank | $1,175,000 | $980,000 | -16.6% | 0.7% |
STOCKTON MORTGAGE CORPORATION | $2,615,000 | $940,000 | -64.1% | 0.7% |
BROKER SOLUTIONS, INC. | $185,000 | $880,000 | 375.7% | 0.6% |
Magnolia Bank | $385,000 | $830,000 | 115.6% | 0.6% |
LOANDEPOT.COM, LLC | $1,140,000 | $800,000 | -29.8% | 0.6% |
Wells Fargo Bank | $1,770,000 | $775,000 | -56.2% | 0.5% |
PENNYMAC LOAN SERVICES, LLC | $2,335,000 | $650,000 | -72.2% | 0.5% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $735,000 | $650,000 | -11.6% | 0.5% |
Flagstar Bank, FSB | $260,000 | $630,000 | 142.3% | 0.4% |
NEWREZ LLC | $360,000 | $580,000 | 61.1% | 0.4% |
Truist | $215,000 | $480,000 | 123.3% | 0.3% |
AMERICAN FINANCIAL RESOURCES, INC. | $205,000 | $465,000 | 126.8% | 0.3% |
ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $465,000 | n/a | 0.3% | |
The Federal Savings Bank | $460,000 | n/a | 0.3% | |
Bank of England | $485,000 | $425,000 | -12.4% | 0.3% |
United Southern Bank | $115,000 | $420,000 | 265.2% | 0.3% |
HOME POINT FINANCIAL CORPORATION | $1,280,000 | $405,000 | -68.4% | 0.3% |
MUTUAL OF OMAHA MORTGAGE, INC. | $295,000 | $400,000 | 35.6% | 0.3% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $325,000 | $400,000 | 23.1% | 0.3% |
CALIBER HOME LOANS, INC. | $105,000 | $375,000 | 257.1% | 0.3% |
AMERICAN MORTGAGE SERVICE COMPANY | $410,000 | $360,000 | -12.2% | 0.3% |
CHURCHILL MORTGAGE CORPORATION | $220,000 | $360,000 | 63.6% | 0.3% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $360,000 | n/a | 0.3% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $880,000 | $360,000 | -59.1% | 0.3% |
GVC MORTGAGE, INC. | $845,000 | $355,000 | -58.0% | 0.3% |
Mr. Cooper ( Nationstar Mortgage ) | $1,965,000 | $355,000 | -81.9% | 0.3% |
DAS Acquisition Company, LLC | $725,000 | $345,000 | -52.4% | 0.2% |
NEW DAY FINANCIAL, LLC | $610,000 | $330,000 | -45.9% | 0.2% |
JPMorgan Chase Bank | $375,000 | $320,000 | -14.7% | 0.2% |
Heritage Federal Credit Union | $300,000 | n/a | 0.2% | |
EVERETT FINANCIAL, INC. | $295,000 | n/a | 0.2% | |
The Huntington National Bank | $560,000 | $290,000 | -48.2% | 0.2% |
PARK COMMUNITY CREDIT UNION, INC. | $270,000 | n/a | 0.2% | |
First Guaranty Mortgage Corporation | $230,000 | $215,000 | -6.5% | 0.2% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $215,000 | n/a | 0.2% | |
Stifel Bank and Trust | $215,000 | n/a | 0.2% | |
SIRVA MORTGAGE, INC. | $205,000 | n/a | 0.1% | |
First Southern National Bank | $580,000 | $200,000 | -65.5% | 0.1% |
FirstBank | $35,000 | $190,000 | 442.9% | 0.1% |
BAYSHORE MORTGAGE FUNDING, LLC | $175,000 | n/a | 0.1% | |
GENERAL ELECTRIC CREDIT UNION | $175,000 | n/a | 0.1% | |
STEARNS LENDING, LLC | $175,000 | n/a | 0.1% | |
FIELD & MAIN BANK, INC. | $460,000 | $170,000 | -63.0% | 0.1% |
1ST SIGNATURE LENDING, LLC | $175,000 | $165,000 | -5.7% | 0.1% |
AMERICAN FINANCING CORPORATION | $165,000 | n/a | 0.1% | |
INTERLINC MORTGAGE SERVICES, LLC | $165,000 | n/a | 0.1% | |
PHH Mortgage Corporation | $95,000 | $165,000 | 73.7% | 0.1% |
PROVIDENT FUNDING ASSOCIATES, L.P. | $165,000 | n/a | 0.1% | |
The Home Loan Expert LLC | $165,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $105,000 | $165,000 | 57.1% | 0.1% |
NATIONS RELIABLE LENDING, LLC | $155,000 | n/a | 0.1% | |
The Paducah Bank and Trust Company | $75,000 | $155,000 | 106.7% | 0.1% |
F&M Bank | $145,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $290,000 | $140,000 | -51.7% | 0.1% |
MORTGAGE ACCESS CORP. | $135,000 | n/a | 0.1% | |
NFM, INC. | $135,000 | n/a | 0.1% | |
SOVEREIGN LENDING GROUP INCORPORATED | $260,000 | $135,000 | -48.1% | 0.1% |
UNITED MORTGAGE CORP. | $135,000 | n/a | 0.1% | |
Century Mortgage Company DBA Century Lending Company | $125,000 | n/a | 0.1% | |
Meade County Bank | $125,000 | n/a | 0.1% | |
MMS MORTGAGE SERVICES, LTD. | $435,000 | $125,000 | -71.3% | 0.1% |
MORIA DEVELOPMENT, INC. | $125,000 | n/a | 0.1% | |
M&T Bank | $125,000 | n/a | 0.1% | |
BETTER MORTGAGE CORPORATION | $185,000 | $115,000 | -37.8% | 0.1% |
FAIR WAY LENDING LLC | $115,000 | n/a | 0.1% | |
Honor Credit Union | $75,000 | $115,000 | 53.3% | 0.1% |
Whitaker Bank | $115,000 | n/a | 0.1% | |
CSL Financial, LLC | $105,000 | n/a | 0.1% | |
SPRING EQ, LLC | $105,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $25,000 | $95,000 | 280.0% | 0.1% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $370,000 | $95,000 | -74.3% | 0.1% |
ISERVE RESIDENTIAL LENDING, LLC | $95,000 | n/a | 0.1% | |
Discover Bank | $85,000 | n/a | 0.1% | |
LAKEVIEW LOAN SERVICING, LLC | $600,000 | $85,000 | -85.8% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $200,000 | $85,000 | -57.5% | 0.1% |
Bank of America | $175,000 | $75,000 | -57.1% | 0.1% |
CROSSCOUNTRY MORTGAGE, LLC | $215,000 | $75,000 | -65.1% | 0.1% |
SERVICE ONE | $75,000 | n/a | 0.1% | |
Deere Employees Credit Union | $65,000 | n/a | 0.0% | |
Morgantown Bank & Trust Company, Incorporated | $55,000 | n/a | 0.0% | |
UNIFY FINANCIAL Credit Union | $55,000 | n/a | 0.0% | |
UNIVERSITY OF KENTUCKY | $45,000 | n/a | 0.0% | |
COMMONWEALTH | $300,000 | $40,000 | -86.7% | 0.0% |
Third Federal Savings and Loan Association of Cleveland | $195,000 | $25,000 | -87.2% | 0.0% |
Fortera Federal Credit Union | $15,000 | n/a | 0.0% | |
Regions Bank | $220,000 | $15,000 | -93.2% | 0.0% |
Madisonville's top lender by overall market share is Independence Bank of Kentucky, with 11.0% market share. In second place, with 7.9%, is QUICKEN LOANS, LLC, having originated $11,190,000 in loans. In third place, with 5.3%, is Fifth Third Bank, having originated $7,460,000 in loans. In fourth place, with 5.1%, is Farmers Bank and Trust Company, having originated $7,170,000 in loans. In fifth place, with 4.4%, is Mortgage Research Center, LLC, having originated $6,195,000 in loans.
Madisonville Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Madisonville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $137,200 (9.9%) | $161,739 (5.0%) | 0.00 | 170 |
2018-02-01 | $139,900 (16.7%) | $167,569 (3.8%) | 0.00 | 163 |
2018-03-01 | $149,900 (11.1%) | $177,636 (7.6%) | 0.00 | 156 |
2018-04-01 | $149,900 (16.3%) | $171,844 (7.3%) | 0.00 | 154 |
2018-05-01 | $144,975 (10.3%) | $168,164 (4.3%) | 0.00 | 159 |
2018-06-01 | $142,500 (2.6%) | $178,385 (-4.5%) | 0.00 | 167 |
2018-07-01 | $136,800 (-1.2%) | $181,800 (-2.8%) | 0.00 | 182 |
2018-08-01 | $139,700 (3.0%) | $185,686 (17.3%) | 0.00 | 201 |
2018-09-01 | $134,900 (-2.6%) | $169,969 (4.1%) | 0.00 | 194 |
2018-10-01 | $129,900 (-1.9%) | $160,920 (2.6%) | 0.00 | 196 |
2018-11-01 | $129,900 (-1.0%) | $162,806 (4.7%) | 0.00 | 190 |
2018-12-01 | $129,900 (-2.3%) | $166,775 (4.4%) | 0.00 | 182 |
2019-01-01 | $128,550 (-6.3%) | $166,942 (3.2%) | 0.00 | 175 |
2019-02-01 | $133,325 (-4.7%) | $169,273 (1.0%) | 0.00 | 159 |
2019-03-01 | $138,900 (-7.3%) | $175,815 (-1.0%) | 0.00 | 148 |
2019-04-01 | $139,900 (-6.7%) | $177,551 (3.3%) | 0.00 | 146 |
2019-05-01 | $142,900 (-1.4%) | $186,541 (10.9%) | 0.00 | 149 |
2019-06-01 | $148,900 (4.5%) | $180,867 (1.4%) | 0.00 | 157 |
2019-07-01 | $138,650 (1.4%) | $173,994 (-4.3%) | 0.00 | 166 |
2019-08-01 | $134,900 (-3.4%) | $178,290 (-4.0%) | 0.00 | 166 |
2019-09-01 | $133,450 (-1.1%) | $184,751 (8.7%) | 0.00 | 162 |
2019-10-01 | $129,900 (0.0%) | $173,535 (7.8%) | 0.00 | 183 |
2019-11-01 | $128,200 (-1.3%) | $169,235 (4.0%) | 0.00 | 179 |
2019-12-01 | $128,050 (-1.4%) | $167,729 (0.6%) | 0.00 | 159 |
2020-01-01 | $128,500 (0.0%) | $165,305 (-1.0%) | 0.00 | 152 |
2020-02-01 | $129,900 (-2.6%) | $168,644 (-0.4%) | 0.00 | 154 |
2020-03-01 | $129,900 (-6.5%) | $160,533 (-8.7%) | 0.00 | 138 |
2020-04-01 | $129,900 (-7.2%) | $165,347 (-6.9%) | 0.00 | 133 |
2020-05-01 | $121,900 (-14.7%) | $167,467 (-10.2%) | 0.00 | 123 |
2020-06-01 | $126,850 (-14.8%) | $179,876 (-0.6%) | 0.00 | 113 |
2020-07-01 | $131,175 (-5.4%) | $189,209 (8.7%) | 0.00 | 117 |
2020-08-01 | $127,500 (-5.5%) | $185,644 (4.1%) | 0.00 | 107 |
2020-09-01 | $138,400 (3.7%) | $196,665 (6.5%) | 0.00 | 97 |
2020-10-01 | $119,950 (-7.7%) | $173,405 (-0.1%) | 0.00 | 101 |
2020-11-01 | $122,450 (-4.5%) | $182,860 (8.1%) | 0.00 | 90 |
2020-12-01 | $128,075 (0.0%) | $174,836 (4.2%) | 0.00 | 97 |
2021-01-01 | $134,900 (5.0%) | $177,878 (7.6%) | 0.00 | 89 |
2021-02-01 | $130,650 (0.6%) | $190,315 (12.9%) | 0.00 | 69 |
2021-03-01 | $130,675 (0.6%) | $198,463 (23.6%) | 0.00 | 58 |
2021-04-01 | $137,400 (5.8%) | $196,775 (19.0%) | 0.00 | 41 |
2021-05-01 | $174,900 (43.5%) | $203,824 (21.7%) | 0.00 | 35 |
2021-06-01 | $152,250 (20.0%) | $195,197 (8.5%) | 0.00 | 39 |
2021-07-01 | $174,900 (33.3%) | $245,858 (29.9%) | 0.00 | 51 |
2021-08-01 | $169,900 (33.3%) | $256,185 (38.0%) | 0.00 | 57 |
2021-09-01 | $179,450 (29.7%) | $243,148 (23.6%) | 0.00 | 68 |
2021-10-01 | $189,900 (58.3%) | $242,420 (39.8%) | 0.00 | 70 |
2021-11-01 | $174,900 (42.8%) | $221,446 (21.1%) | 0.00 | 71 |
2021-12-01 | $164,900 (28.8%) | $199,507 (14.1%) | 0.00 | 67 |
2022-01-01 | $166,700 (23.6%) | $215,032 (20.9%) | 0.00 | 49 |
2022-02-01 | $169,900 (30.0%) | $212,127 (11.5%) | 0.00 | 45 |
2022-03-01 | $159,900 (22.4%) | $217,090 (9.4%) | 0.00 | 40 |
2022-04-01 | $164,900 (20.0%) | $218,682 (11.1%) | 0.00 | 34 |
2022-05-01 | $186,400 (6.6%) | $282,768 (38.7%) | 0.00 | 40 |
2022-06-01 | $204,950 (34.6%) | $262,582 (34.5%) | 0.00 | 46 |
2022-07-01 | $199,900 (14.3%) | $247,321 (0.6%) | 0.00 | 64 |
2022-08-01 | $199,900 (17.7%) | $252,059 (-1.6%) | 0.00 | 70 |
2022-09-01 | $203,650 (13.5%) | $259,430 (6.7%) | 0.00 | 82 |
2022-10-01 | $214,900 (13.2%) | $249,390 (2.9%) | 0.00 | 84 |
2022-11-01 | $192,400 (10.0%) | $236,040 (6.6%) | 0.00 | 87 |
2022-12-01 | $189,900 (15.2%) | $241,723 (21.2%) | 0.00 | 80 |
2023-01-01 | $180,000 (8.0%) | $237,723 (10.6%) | 0.00 | 74 |
2023-02-01 | $184,900 (8.8%) | $244,877 (15.4%) | 0.00 | 62 |
2023-03-01 | $187,475 (17.3%) | $251,325 (15.8%) | 0.00 | 53 |
2023-04-01 | $204,750 (24.2%) | $238,444 (9.0%) | 0.00 | 63 |
Madisonville's median listing price comes in at 0% of the national average.
Madisonville's average listing price for 2023-04-01 was $238,444, a difference of $19,762 (9.0%) versus the prior year and $-12,881 versus the prior month.
For the 2023-04-01 period, Madisonville had 63 MLS listings, a difference of 10 listings (19%) versus the prior month and 29 listings (85%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Madisonville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,669 sqft |
2018-02-01 | 0 days | 1,683 sqft |
2018-03-01 | 0 days | 1,726 sqft |
2018-04-01 | 0 days | 1,695 sqft |
2018-05-01 | 0 days | 1,703 sqft |
2018-06-01 | 0 days | 1,654 sqft |
2018-07-01 | 0 days | 1,691 sqft |
2018-08-01 | 0 days | 1,733 sqft |
2018-09-01 | 0 days | 1,638 sqft |
2018-10-01 | 0 days | 1,601 sqft |
2018-11-01 | 0 days | 1,639 sqft |
2018-12-01 | 0 days | 1,636 sqft |
2019-01-01 | 0 days | 1,630 sqft |
2019-02-01 | 0 days | 1,694 sqft |
2019-03-01 | 0 days | 1,706 sqft |
2019-04-01 | 0 days | 1,782 sqft |
2019-05-01 | 0 days | 1,819 sqft |
2019-06-01 | 0 days | 1,800 sqft |
2019-07-01 | 0 days | 1,779 sqft |
2019-08-01 | 0 days | 1,778 sqft |
2019-09-01 | 0 days | 1,780 sqft |
2019-10-01 | 0 days | 1,712 sqft |
2019-11-01 | 0 days | 1,700 sqft |
2019-12-01 | 0 days | 1,653 sqft |
2020-01-01 | 0 days | 1,700 sqft |
2020-02-01 | 0 days | 1,636 sqft |
2020-03-01 | 0 days | 1,636 sqft |
2020-04-01 | 0 days | 1,707 sqft |
2020-05-01 | 0 days | 1,624 sqft |
2020-06-01 | 0 days | 1,704 sqft |
2020-07-01 | 0 days | 1,708 sqft |
2020-08-01 | 0 days | 1,700 sqft |
2020-09-01 | 0 days | 1,713 sqft |
2020-10-01 | 0 days | 1,565 sqft |
2020-11-01 | 0 days | 1,563 sqft |
2020-12-01 | 0 days | 1,539 sqft |
2021-01-01 | 0 days | 1,559 sqft |
2021-02-01 | 0 days | 1,549 sqft |
2021-03-01 | 0 days | 1,696 sqft |
2021-04-01 | 0 days | 1,745 sqft |
2021-05-01 | 0 days | 1,699 sqft |
2021-06-01 | 0 days | 1,476 sqft |
2021-07-01 | 0 days | 1,624 sqft |
2021-08-01 | 0 days | 1,691 sqft |
2021-09-01 | 0 days | 1,648 sqft |
2021-10-01 | 0 days | 1,702 sqft |
2021-11-01 | 0 days | 1,638 sqft |
2021-12-01 | 0 days | 1,532 sqft |
2022-01-01 | 0 days | 1,402 sqft |
2022-02-01 | 0 days | 1,469 sqft |
2022-03-01 | 0 days | 1,396 sqft |
2022-04-01 | 0 days | 1,400 sqft |
2022-05-01 | 0 days | 1,742 sqft |
2022-06-01 | 0 days | 1,812 sqft |
2022-07-01 | 0 days | 1,704 sqft |
2022-08-01 | 0 days | 1,650 sqft |
2022-09-01 | 0 days | 1,743 sqft |
2022-10-01 | 0 days | 1,731 sqft |
2022-11-01 | 0 days | 1,648 sqft |
2022-12-01 | 0 days | 1,680 sqft |
2023-01-01 | 0 days | 1,696 sqft |
2023-02-01 | 0 days | 1,766 sqft |
2023-03-01 | 0 days | 1,751 sqft |
2023-04-01 | 0 days | 1,659 sqft |
Madisonville's median square footage for active listings during the 2023-04-01 period was 1,659 sqft. One year prior, the average listing was 1,400 sqft.
Madisonville, KY Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 548 | $85,340,000 | $155,730 |
Refi | 273 | $30,915,000 | $113,242 |
Cash Out Refi | 122 | $15,680,000 | $128,525 |
Other | 82 | $6,290,000 | $76,707 |
Home Improvement | 68 | $3,150,000 | $46,324 |
Madisonville's most frequently cited loan purpose was Home Purchase, with 548 originations. The 2nd most popular reason was Refi, with 273 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 221 | $30,765,000 | $139,208 |
3-4% | 203 | $26,995,000 | $132,980 |
4-5% | 188 | $28,780,000 | $153,085 |
6-7% | 99 | $10,895,000 | $110,051 |
2.5-3% | 52 | $5,890,000 | $113,269 |
Over 8% | 49 | $2,415,000 | $49,286 |
7-8% | 47 | $4,025,000 | $85,638 |
<2.5% | 18 | $2,720,000 | $151,111 |
During 2022, Madisonville's most frequently originated rate bucket was 5-6%, with 221 originations.
Loan Sizing (Madisonville, KY MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 496 | $28,770,000 | $58,004 |
$100k-200k | 426 | $60,290,000 | $141,526 |
$200k-400k | 151 | $38,415,000 | $254,404 |
$400k-600k | 15 | $6,995,000 | $466,333 |
$600k-1000k | 3 | $2,305,000 | $768,333 |
$Over $1MM | 2 | $4,600,000 | $2,300,000 |
Madisonville's loan sizing saw the bucket of loans from $100,000 or less with 496 originations, totaling $28,770,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 359 | $58,955,000 | $164,220 |
60-80% | 202 | $29,870,000 | $147,871 |
40-60% | 107 | $11,375,000 | $106,308 |
20-40% | 101 | $6,535,000 | $64,703 |
Under 20% | 64 | $1,970,000 | $30,781 |
Over 100% | 9 | $1,665,000 | $185,000 |
Madisonville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 359 originations, totaling $58,955,000 in origination value.